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Listed price in listed location currency (USD).
$2,600,000

0450

MLS® 20261068063

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 20190 sqft
Garage Yes
Taxes $59,790
Days Active 19
Lot Size 1.5 Acres
Approx. Age 2010
Avg. Price Per Sqft $128
MLS® Number 20261068063

Property Address: 9295 Cedar Creek Ct, Swartz Creek, MI, 48473-8983

Average square foot calculated using Size range provided by listing agent.

Description

Rare opportunity to acquire a 15-unit, newer-construction multifamily portfolio in Swartz Creek offering strong in-place income, significant rental upside, and multiple exit strategies. Built in 2010, each unit features 3 bedrooms, 2.1 bathrooms, a private full basement, second-floor laundry, primary suite with private bath, and attached 2.5-car garage. Tenants enjoy the space and privacy of a single-family home while ownership benefits from the efficiency of a multifamily investment. Each condo is individually parceled and separately metered, all utilities are paid by the tenants, and there is currently no HOA, allowing for minimal owner involvement. Current rents max out around $1, 450 per month, while estimated market rents are approximately $1, 750, creating up to $300 per unit in monthly upside, or $54, 000 annually across the portfolio. With newer construction and minimal updating needed, investors can focus on increasing revenue rather than major renovations. Operate the portfolio as a traditional multifamily community, increase NOI through rent growth, or take advantage of the individually parceled units for future resale or equity strategies. 15 units. 45 bedrooms. Private basements. 15 attached 2.5-car garages. Individually parceled. Individually metered. Tenant-paid utilities. No HOA. Newer construction. Significant rental upside. A unique opportunity to acquire a low-maintenance asset with strong cash flow potential, built-in appreciation, and multiple paths to create value.
MLS® Number20261068063
Laundry LevelEnsuite
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age2010
BasementFull, Unfinished
DrivewayGarage
Garage Spaces
HeatForced Air, Natural Gas
A/CCentral Air

Extras

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