Wheeler Twp, MI 48615,508 Wright Street
$299,000
Est.Price: ?

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500 SqFt

508 Wright Street Wheeler Twp, MI 48615

Est. payment /mo
SOLD DATE : 05/29/2025

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Jay Taylor & Associates

Jay Taylor & Associates

+1(313) 410-1149

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Property Type Multi-Family

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 500 sqft

Price per Sqft $630

Subdivision Village Of Breckenridge

MLS Listing ID 79080056053

Sold Date 05/29/25

Style Apartment

Year Built 1973

Annual Tax Amount $3,555

Lot Size 0.830 Acres

Acres 0.83

Lot Dimensions 165 x 208

Property Sub-Type Apartment

Source Central Michigan Association of REALTORS®

Property Description

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. 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.

Location

State MI

County Gratiot

Area Wheeler Twp

Zoning Multi-Family

Interior

Hot Water Electric

Heating Baseboard

Cooling Window Unit(s)

Fireplace no

Heat Source Electric

Exterior

Porch Porch

Garage no

Private Pool No

Building

Foundation Slab

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Apartment

Level or Stories 2 Story

Structure Type Wood

Schools

School District Breckenridge

Others

Pets Allowed Yes

Tax ID 4215001400

Ownership Private Owned

Acceptable Financing Cash, Trade/Exchange

Listing Terms Cash, Trade/Exchange

Financing Cash,Trade/Exchange

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Realcomp MLS
Listed by Micah Kemler of 43 NORTH REALTY
Bought with 43 NORTH REALTY

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Jay Taylor & Associates

Jay Taylor & Associates

Metro Detroit Real Estate

+1(313) 410-1149

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