NOT LISTED FOR SALE

1406 N Saginaw St Lapeer, MI 48446

17 Beds
9.5 Baths
8,340 Sq Ft
5.5 Acres

Last Sold December 05, 2023

Last sale price $675,000 $81 Per Sq Ft

11 Days on Market

Highlights

  • 5.5 Acre Lot
  • Ceiling Fan
  • Laundry Facilities
  • Forced Air Heating and Cooling System

About This Home

As of December 2023

Eight fully occupied units right in the City limits offers a turnkey business. Park like setting backs up to the Flint River with ample space for expansion. 26 x38 Maintenance barn includes a 1/2 bath and would be the perfect space to rent out for additional storage for tenants. Tenants all pay their own gas and electric with separate service for each unit. All units have their own septic's that have been regularly maintained and pumped. 4 units have newer furnaces and multiple units have new hot water heaters. One community well with owned water softener. Three dimensional roofs on all buildings are in excellent shape and were new in 2013. Owner covers lawn, snow removal, & trash. Coin Laundry offers additional income for owner. Market Value supports an increase in rents- as is.
B/BATVAI

Last Agent to Sell the Property

Chantel Fick

Realty Executives Main St LLC License #6501395629 Listed on: 08/17/2023

Realty Executives Main St LLC

Last Buyer's Agent

Lisa Forbes

Max Broock Realtors Oxford License #6501323209

Max Broock Realtors Oxford

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1931

Lot Details

  • 5.5 Acre Lot
  • Lot Dimensions are 230 x 694

Home Design

  • Slab Foundation
  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 8,340 Sq Ft Home
  • Ceiling Fan
  • Unfinished Basement

Parking

  • 16 Parking Spaces
  • Paved Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number L220410004000

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,016

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Year Built: 1931
  • State Equalized Value: 245700.0000
  • Year Renovated: 1931
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Laundry Facility
  • Total Bathrooms: 9.10
  • Full Bathrooms: 9
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 8340
  • Total Sq Ft: 8340
  • Sq Ft Total Bsmt: 1000

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Slab, Basement, Michigan Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Poured
  • Frontage Feet: 230
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Paved
  • Total Parking Spaces: 16

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Sewer: Septic Tank (Existing)
  • Water Heater Fuel: Natural Gas
  • Water Source: Well (Existing)
  • Laundry Facilities: Yes

Fee Information

  • Operating Expense: 17325.00

Schools

  • School District: Lapeer

Lot Info

  • Lot Size Area: 5.50
  • Lot Dimensions: 230 x 694
  • Parcel Number: L220410004000
  • Zone Conform: Yes
  • Zoning: Commercial, Multi-Family

Rental Info

  • Rent Includes: Snow Removal, Trash Collection (Garbage Pickup), Yard Maintenance
  • Monthly Rental Income: 6500

Tax Info

  • Tax Amount Summer: 2896.0000
  • Tax Amount Winter: 4120.0000
  • Total Tax: 7016.0000
  • Taxable Value: 291200.0000

Multi Family

  • Gross Scheduled Income: 78000.00
  • Number Of Units Total: 8
  • Number of One Bedroom Units: 2
  • Number of Three Bedroom Units: 3
  • Number of Two Bedroom Units: 3
  • Number Of Units Leased: 8

MLS Schools

  • School District: Lapeer

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2023 12/05/23 Sold $675,000 +8.0% $81 / Sq Ft
08/28/2023 08/28/23 Pending -- -- --
08/17/2023 08/17/23 For Sale $625,000 -- $75 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Chantel Fick

    Seller's Agent in 2023

    Chantel Fick

    Realty Executives

    (810) 834-6606

    26 in this area

    290 Total Sales

    Chantel Fick
    Section Image
  • Lisa Forbes

    Buyer's Agent in 2023

    Lisa Forbes

    Max Broock Realtors Oxford

    (248) 215-6254

    3 in this area

    52 Total Sales

    Lisa Forbes
    Section Image
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Map

Source: Realcomp

MLS Number: 20230069559

Realcomp
Michigan Lapeer County Lapeer 48446

1406 N Saginaw St, Lapeer, MI

This home is located at 1406 N Saginaw St, Lapeer, MI 48446 since 17 August 2023. This property was built in 1931. 1406 N Saginaw St is a home located in Lapeer County with nearby schools including C.K. Schickler Elementary School, Rolland-Warner Middle School, and Lapeer High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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