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508 Wright Street Wheeler Twp, MI 48615
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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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