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710 South Dewitt Drive

DeWitt MI 48820

16
12668 sq. ft.
1.66 ac.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

16 bathrooms
12668 sq. ft. floor area
1.66 ac. lot size
Multi-Family

Property history for 710 South Dewitt Drive

2024
Rented
Undisclosed
01 May 2024 by The Stephan Group

Happy sellers in DeWitt

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Local market activity for multi families in DeWitt

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Sales:
(619) 566-0008
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