$1,600,000
1710 E G Avenue
Parchment, MI, 49004
Rare 16 unit multi-family property offering a fantastic investment opportunity. Current gross rents of around $15,000 a month. Market rents are around $18,000 a month, so some room for value add. There are 11 units with 2 bedroom and 1 bath and 5 units with 1
bedroom, 1 bath. This property has an assumable mortgage at an interest rate well below current market rates providing a great cash flow opportunity. The majority of the units have interiors that have been recently
renovated. The property is conveniently located near Parchment High School and Elementary School along with numerous manufacturing companies and easy access to Gull Road. Don’t miss out!
bedroom, 1 bath. This property has an assumable mortgage at an interest rate well below current market rates providing a great cash flow opportunity. The majority of the units have interiors that have been recently
renovated. The property is conveniently located near Parchment High School and Elementary School along with numerous manufacturing companies and easy access to Gull Road. Don’t miss out!
Property Details
Price:
$1,600,000
MLS #:
25013117
Status:
Active
Beds:
0
Baths:
0
Address:
1710 E G Avenue
Type:
Single Family
Subtype:
5+ Units
City:
Parchment
Listed Date:
Apr 2, 2025
State:
MI
ZIP:
49004
Year Built:
1973
Schools
School District:
Parchment
Interior
Cooling
Wall Unit(s)
Fireplaces Total
1
Heating
Baseboard, Hot Water
Exterior
Construction Materials
Vinyl Siding
Parking Spots
32
Roof
Composition
Financial
Tax Year
2024
Taxes
$12,534
Mortgage Calculator
Map
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1710 E G Avenue
Parchment, MI
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