$2,500,000

Multi Family In Port Huron

  • 32 Beds
  • 32 Baths
  • 14,976 Sqft
  • 1.7 Ac lot
  • Updated: July 15
  • 2
    Views for last 30 days
  • Source:
    MiRealSource  MLS#50214851

About the Property

Eight duplexes conveniently located on the north end of Port Huron close to shopping and the beach. Units have undergone significant upgrades in the past two years. Fully occupied with a low vacancy rate. Each unit has all separate utilities. The landlord is currently paying some of the water bills but as the leases renew the tenants will be paying their own water bill. 1522/1524 and 1528/1530 bot
Eight duplexes conveniently located on the north end of Port Huron close to shopping and the beach. Units have undergone significant upgrades in the past two years. Fully occupied with a low vacancy rate. Each unit has all separate utilities. The landlord is currently paying some of the water bills but as the leases renew the tenants will be paying their own water bill. 1522/1524 and 1528/1530 both have a 2-car garage, which the landlord currently uses for his own use and could be rented for additional income. The other 12 units have a carport and additional parking available. NOI with a 5% vacancy factor $147,937. Current cap rate 6%. Cap rate after elimination of water expense 6.6
  • Property type

    Other

  • Floors

    2

  • Year built

    1971

  • Price/sqft

    $166

Features

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1600 Holland Avenue, Port Huron, Michigan, United States View on Google Maps
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Realty Executives Home Towne Shelby - Shelby Twp

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Realty Executives Home Towne Shelby - Shelby Twp
Michigan, United States
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2
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2026
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Realty Executives Home Towne Shelby - Shelby Twp
Shelby Twp, Michigan, United States
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Last updated
July 15
First listed
Jul 15
Listing reference
50214851
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