8-Unit Apartment Complex on 3 Acres - Land Contract, 20% Down - Business for Sale
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8-Unit Apartment Complex in New Hudson, MI
New Hudson, MI, US
Added today
Real Estate / Property Management
48 years in business
Eight-unit townhome-style apartment complex on 3 acres in New Hudson, Michigan, built in 1978 and currently 100% occupied, with a mix of renovated and original units and potential for additional development subject to zoning.
Key Information
Asking
$1.6M
Revenue
$160K
Earnings
$100K
Multiple
16.0x
Key Highlights
- Eight-unit townhome-style apartment complex on 3 acres in New Hudson, Michigan
- All eight units are two-bedroom; seven units are 2BR/1.5BA at ~1,100 sq ft, one unit is 2BR/1BA at ~800 sq ft
- Five units are fully renovated, two are original, one is partially finished
- Currently 100% occupied
- Land contract sale only: minimum 20% down, interest-only option for first 12 months, other terms negotiable
- Property built in 1978; years established: 48
- Fifteen parking spaces and eight resident storage units (five leased)
- Residents pay electric and gas; well and septic on site, public utilities reported available
Contact Info
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