7
See all 7 photos
$2,100,000
Est. payment /mo
16 Baths
1.66 Acres Lot
New
710 S Dewitt Drive Dewitt, MI 48820
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality St. Johns
Subdivision St. Johns
MLS Listing ID 20251021528
Year Built 1972
Annual Tax Amount $18,211
Lot Size 1.660 Acres
Acres 1.66
Lot Dimensions 197X368
Source Realcomp
Property Description
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.
Location
State MI
County Clinton
Zoning Multi-Family
Direction S. Dewitt and Cedarwood
Rooms
Basement Slab
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Sewer Public
Water Public
Structure Type Wood Siding
Schools
School District Dewitt
Others
Tax ID 20011000009100
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by The Stephan Group