1850 Squire Drive Saginaw, MI 48601

Active

$1,920,000

Market Estimate

Request Info

30,570 sq. ft.
3.08 Acres
Commercial
MLS# 60335334

Listing provided courtesy of: New Way Realty Partners - 248-469-4300

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Property Details

Description

SUBMIT YOUR HIGHEST &BEST OFFER! Seller will review ALL offers. Country Squire Apartments presents a prime multifamily investment opportunity (1830-1835 & 1850-1855 Squire Dr.). Located on over 3.08 acres, the property comprises four garden-style buildings built in 1972, featuring 32 two-bedroom units with patios or balconies. With tenant-paid electric baseboard heat and sleeve A/C, and a currently occupied - historically ranging from 95-100% - this property boasts a strong track record. Its prime location near the intersection of King Rd. and Williamson Rd. adds to its appeal, with healthcare, education, shopping, parks, and the library just minutes away. Well-maintained and offering a range of amenities, including ample parking, tenant storage, dishwashers, and on-site laundry, Country Squire represents a turn-key investment opportunity for multifamily investors.

General Features
- Acreage 3.08
- Area Municipality Saginaw (73039)
- County Saginaw
- Originating MLS RealComp
- Ownership Private
- Total SqFt Finished 30570
- Waterfront Y/N No
- ZONING Multi-Family,Commercial,Residential
Building Features
- Exterior Construction Brick
Property Features
- Water Public Water
- Lot Size 360x520
- Roads Paved Street
- Sewer Septic Public Sanitary

Neighborhood

48601 (Saginaw) Demographics

37 Median Age

312 Population Density (per sq. mile)

17% College Educated

$31,391 Estimated Median Income

8,976 Estimated Total Home Owners

5,157 Estimated Total Renters

64% / 36% Estimated Owner / Renter Divide

2 Estimated Average Household Size

34,218 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$79,652 Median Sales Price

20 Homes Sold

43 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	Current Price Source: Multiple Listing Service	New Value: $1,920,000
9/2/2024 12:35:57 AM	Status Changed Source: Multiple Listing Service	New Value: Active
8/30/2024 2:23:31 PM	Price Increased Source: Multiple Listing Service	New Value: $1,920,000	15.38%
8/28/2024 7:10:00 PM	New in Database Source: Multiple Listing Service	New Value: $1,664,000

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* This payment calculator is intended for educational and planning purposes only.
** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.