$315,000
SOLD MAY 29, 2025

508 Wright St Breckenridge, MI 48615

5 Beds
5 Baths
2,000 Sq Ft
0.83 Acres

Recently Sold

$158 Per Sq Ft

5% Above List Price

7 Days on Market

Highlights

  • Porch
  • Baseboard Heating
  • Wood Siding
  • Shed

About This Home

As of May 2025

8-Unit Apartment Complex – Breckenridge, MI This charming 8-unit apartment complex in Breckenridge features a unique Bavarian Alpine-style design that gives the property great curb appeal. Each unit is a cozy 1 bed, 1 bath with a kitchen, living space, baseboard heat, and a window air-conditioner. The building is fully rented, with each unit bringing in an average of $540 per month. The total gross monthly rent is $4,325, making it a strong income-producing property. Tenants each have their own electric meter and pay their own electric bills. The owner is responsible for water, sewer, dumpster service, lawn care, and snow removal. There’s also a coin-operated laundry room on-site, providing additional income. The property includes a paved parking lot for tenant convenience and an extra storage shed for maintenance supplies or owner use. This is a great investment opportunity in a peaceful, small-town setting with consistent rental income and value-added features.

Last Agent to Sell the Property

Micah Kemler

43 NORTH REALTY License #6502426111 Listed on: 04/22/2025

Last Buyer's Agent

Micah Kemler

43 NORTH REALTY License #6502426111 Listed on: 04/22/2025

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1973

Lot Details

  • 0.83 Acre Lot
  • Lot Dimensions are 165 x 208
  • The community has rules related to zoning restrictions

Home Design

  • Slab Foundation
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2,000 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Outdoor Features

  • Shed
  • Porch

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater
  • Cable TV Available

Community Details

  • 8 Units
  • Village Of Breckenridge Community

Listing and Financial Details

  • Rent includes trash removal, snow removal, water, sewer

Property Details

Home Type

Apartment

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: Apartment Complex
  • Style: 2 Story
  • Estimated Year Built: 1973
  • Construction: Frame
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1973

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Electric Water Heater
  • Range: R 1W
  • Total Finished Sf Apx: 2000

Exterior Features

  • Additional Buildings: Garden/Storage Shed
  • Exterior Features: Porch
  • Exterior Finish: Wood
  • Foundation: Slab
  • Number Of Acres: 0.83
  • Road: Blacktop
  • Roof: Asphalt

Utilities

  • Sewer: Municipal
  • Tv Service Internet Avail: Cable Tv
  • Water: Municipal
  • Heating Cooling Type: Baseboard, Window Air Conditioner

Association/Amenities

  • Development Name: Village of Breckenridge

Lot Info

  • Lot Dimensions: 165 x 208
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Multi-Family

Rental Info

  • Included In Lease: Trash Removal, Snow Removal, Water, Sewer
  • Rent Spree Y N: No

Tax Info

  • Summer Taxes: 913.86
  • Winter Taxes: 2641.69
  • Year Winter: 2023

Multi Family

  • Total Number Units: 8

MLS Schools

  • School District: Breckenridge Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2019
Closed on
Sep 13, 2019
Sold by
Agape Aprtments Llc
Bought by
Ckw Property Mangement Llc
Seller's Agent
Joe Harris
EXP Realty
Buyer's Agent
Joe Harris
EXP Realty
List Price
$189,900
Sold Price
$195,000
Premium/Discount to List
$5,100
2.69%
Current Estimated Value
$316,077

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,077
Avg. Annual Appreciation
7.95%

Purchase Details

Closed on
Jan 27, 2012
Sold by
Hagan Kelly M
Bought by
Agape Apartments Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $195,000 Alma Abstract & Title
Deed $41,250 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/29/2025 05/29/25 Sold $315,000 +5.4% $158 / Sq Ft
04/22/2025 04/22/25 For Sale $299,000 +53.3% $150 / Sq Ft
09/13/2019 09/13/19 Sold $195,000 +2.7% $98 / Sq Ft View Prior Sale
07/23/2019 07/23/19 Pending -- -- --
07/11/2019 07/11/19 For Sale $189,900 -- $95 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,556 $97,100 $0 $0
2024 $3,556 $99,800 $0 $0
2023 $2,644 $85,700 $0 $0
2022 $2,644 $74,800 $0 $0
2021 $2,644 $73,400 $0 $0
2020 $2,644 $75,200 $0 $0
2019 -- $65,200 $0 $0
2018 -- $65,400 $0 $0
2017 -- $65,500 $0 $0
2016 -- $75,300 $0 $0
2015 -- $71,700 $0 $0
2014 -- $73,300 $0 $0
2013 -- $83,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1932717

Northern Great Lakes REALTORS® MLS

APN: 42-150-014-00