$2,100,000

710 S Dewitt Dr Dewitt, MI 48820

Estimated payment $13,016/month

Total Views 170
32 Beds
16 Baths
12,668 Sq Ft
$166 Price per Sq Ft

Highlights

  • 1.66 Acre Lot
  • Patio
  • 1-Story Property
  • Scott Elementary School Rated A-
  • Programmable Thermostat
  • Forced Air Heating System

About This Home

Discover a rare opportunity to own a fully-leased 16-unit multifamily property in the heart of desirable DeWitt, Michigan. This well-maintained apartment building offers all 2-bedroom units, delivering stable cash flow and long-term upside.
Each unit features spacious layouts, updated kitchens, and on-site parking. Tenants enjoy quiet, suburban living with quick access to Lansing, major employers, shopping, and top-rated schools.

The property highlights include:
Room for rental increases approx. $100/unit.
Ability to increase CAM, Utility, and Administrative fees.
All tenants on 12 month leases, historically 100% occupied and $0 in delinquency.
Historically a very high performing property, the owner is only selling to do a 1031 exchange into a larger asset.
Professionally managed by Pro Asset Management.
Washer and dryer income is collected through WASH for extra income.

The OM, rent roll, and T12 can be obtained with a signed NDA.

No seller financing or land contract will be offered.
Selling for a 1031 exchange.
No showings without an accepted LOI.

Listing Agent

Andrea Stephan

The Stephan Group License #6502432679 Listed on: 08/06/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1972

Lot Details

  • 1.66 Acre Lot
  • Lot Dimensions are 197x368
  • Private Entrance

Home Design

  • Quadruplex
  • Slab Foundation

Interior Spaces

  • 16 Full Bathrooms
  • 12,668 Sq Ft Home
  • 1-Story Property

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating System
  • Back Up Electric Heat Pump System
  • Programmable Thermostat

Listing and Financial Details

  • Assessor Parcel Number 20011000009100

Community Details

Overview

  • 16 Units
  • Assrs Plat South City Of Dewitt Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed
  • Breed Restrictions
  • The building has rules on how big a pet can be within a unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,211

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 1 Story
  • Year Built: 1972
  • State Equalized Value: 318500.0000
  • Pets Allowed: Breed Restrictions, Cats OK, Dogs OK, Number Limit, Size Limit
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: Laundry Facility, Programmable Thermostat
  • Total Bathrooms: 16.00
  • Full Bathrooms: 16
  • Sq Ft Combined: 12668
  • Total Sq Ft: 12668

Exterior Features

  • Foundation Details: Slab
  • Construction Materials: Wood
  • Exterior Features: Private Entry
  • Porch Type: Patio
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Electric
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Schools

  • School District: Dewitt

Lot Info

  • Lot Size Area: 1.66
  • Lot Dimensions: 197X368
  • Parcel Number: 20011000009100
  • Zoning: Multi-Family

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 16525

Tax Info

  • Tax Amount Summer: 12343.0000
  • Tax Amount Winter: 5868.0000
  • Total Tax: 18211.0000
  • Taxable Value: 287175.0000

Multi Family

  • Gross Scheduled Income: 229256.18
  • Number Of Units Total: 16
  • Number of Two Bedroom Units: 16
  • Number Of Units Leased: 15

MLS Schools

  • School District: Dewitt

Map

Range of Values:

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List 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
08/06/2025 08/06/25 For Sale $2,100,000 0.0% $166 / Sq Ft
05/01/2024 05/01/24 Rented $1,100 -2.2% --
04/27/2024 04/27/24 Under Contract -- -- --
02/27/2024 02/27/24 For Rent $1,125 -- --
Source: Realcomp

Source: Realcomp

MLS Number: 20251021528

Realcomp