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Back 48770 Shelby Road
Off Market

48770 Shelby Road

Utica MI 48317

29
21965 sq. ft.
2.8 ac.
Multi-Family
Last sold for $3,000,000
Mark TlokMark Tlok, last sold this property on 20 October 2023 after -664 days on market.

Overview

This is a 28-unit apartment complex on 2.8 acres at a very desirable location, with 3 brick ranch-style buildings. The property consists of 1 three-bedroom, 5 two-bedroom, and 22 one-bedroom units, approximately 955 sq ft, 905 sq ft, and 730 sq ft in area, respectively. A laundry and storage facility are available in the center of each apartment building. The tenants are responsible for their own utilities and routine maintenance. All rents include water. Each unit has an individual entrance. 20 units have their own porch with a dividing privacy wall, providing space for a BBQ grill, chairs, and tables for outside enjoyment. All units have just one floor with no steps to climb. 20 units have their own parking pads next to the back door. Due to the long and wide green space between buildings, there is a feeling of openness and a calm, peaceful setting. The property is in very good condition, with every unit updated or renovated in the last two years. The property is fully occupied, with a waiting list of potential tenants. The growing senior citizen population is creating more and more demand for the amenities provided by this property, creating a steady potential for increased rents. Please do not approach tenants with questions. Contact the listing agent for the video with a virtual tour of the property and additional information.

Features

29 bathrooms
21965 sq. ft. floor area
2.8 ac. lot size
Multi-Family

Estimated Value

Based on this property and similar multi families sold in Utica over the last 12 months, the estimated median property value of 48770 Shelby Road is $400.5k.

Median value
$400.5k
Estimated value range
$305k - $465k
Median days on market
2
Estimated value trend
20%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Utica. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 48770 Shelby Road

2023
Sold
$3,000,000
20 Oct 2023 by Mark Tlok, of Century 21 Hartford-Farmington

Happy sellers in Utica

88%
88% of sellers in Utica reported that their sale price either exceeded or met their price expectations.

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

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

Local market activity for multi families in Utica

In the last 12 months, 4 multi families similar to 48770 Shelby Road, have been sold.

This represents a 20% increase in multi families sales when compared to the previous 12 months.

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