SoldMay 29, 2025

Listed and Bought with Micah Kemler from 43 NORTH REALTY

Source: Multiple Listing Service MiRealSource #80056053

508 Wright St, Breckenridge, MI, 48615

$315,000

500 sq. ft.
0.83 ac.

MultiFam

7 days on the market

Sold: May 29, 2025

What's around 508 Wright St

About this property

8-Unit Apartment Complex – 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. There’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.

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