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1814 Schaefer Street

Saginaw MI 48602

3
1
2
1619 sq. ft.
0.17 ac.
Single-Family
Currently for sale - view listing

Overview

Section 8 Portfolio Sale This portfolio includes 10 properties, all of which are rented to Section 8 tenants except for one. The portfolio is being sold at a 16% cap rate, with a current monthly rental income of $9, 128, collected on the first of every month. One property, located at 1823 Stanley St., is still under renovation. Upon completion, the rental income will increase to $10, 128. All properties have signed leases and HAP contracts with MSHDA or Saginaw Housing. Additionally, all properties have been renovated to meet HUD rental guidelines. Please contact the agent for more information, including rent roll, P&L, leases, and HAP contracts. Note that the properties are not being sold individually; this is a portfolio sale of 10 houses. 1814 Schaefer St., Saginaw, MI 48602 1928 Lincoln Ave., Saginaw, MI 48601 3104 Roberts St., Saginaw, MI 48601 905 Pleasant St., Saginaw, MI 48602 3220 Roberts St., Saginaw, MI 48601 1516 King St., Saginaw, MI 48602 1521 Fenton St., Saginaw, MI 48601 611 S 24th St., Saginaw, MI 48601 15 Milan Ct., Saginaw, MI 48601 1823 Stanley St., Saginaw, MI 48602 (under renovation)

Features

3 bedrooms
1 bathroom
2 carspaces
2 garage spaces
1619 sq. ft. floor area
0.17 ac. lot size
Single-Family

Happy sellers in Saginaw

92%
92% of sellers in Saginaw reported that their sale price either exceeded or met their price expectations.

Saginaw stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Saginaw over the last 12 months.

Local market activity for 3 bedroom single-family properties in Saginaw

In the last 12 months, 192 three-bedroom single-family properties similar to 1814 Schaefer Street, have been sold.

This represents a 6% increase in three-bedroom single-family properties sales when compared to the previous 12 months.

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