508 Wright St

Breckenridge MI 48615

500 sq. ft.

0.83 ac.

Multi-Family

Last sold for $315,000

Micah Kemler, last sold this property on 29 May 2025 after -76 days on market.

Overview

8-Unit Apartment Complex â€“ 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. Thereâ€™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.

Features

500 sq. ft. floor area

0.83 ac. lot size

Multi-Family

Estimated Value

We need at least 3 similar multi families sold in Breckenridge over the last 12 months.

Property history for 508 Wright St

2025

Sold

$315,000

29 May 2025 by Micah Kemler, of 43 NORTH REALTY

2019

Sold

$195,000

13 Sep 2019 by Joe Harris, of Re/Max New Image

Happy sellers in Breckenridge

We have insufficient information to provide an overview of customer satisfaction for Breckenridge. Viewing the agent profiles, reviews and sales for Breckenridge can provide insights for this location.