Davisburg, MI 48350 1059,16200 DIXIE
Davisburg, MI 48350 1059,16200 DIXIE
Davisburg, MI 48350 1059,16200 DIXIE
40
$938,000
$1,100,000
14.7%
Est.Price: ?

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18 BA
6,604 SqFt

16200 DIXIE Davisburg, MI 48350 1059

Est. payment /mo
SOLD DATE : 05/08/2024

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Key Details

Sold Price $938,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 6,604 sqft

Price per Sqft $142

Subdivision Mi

MLS Listing ID 60276563

Sold Date 05/08/24

Style 1 Story

Full Baths 18

Year Built 1953

Annual Tax Amount $11,382

Lot Size 4.000 Acres

Acres 4.0

Lot Dimensions 638x375x296x530

Property Description

18 Units Studio Apartment/Motel Located Off Dixie Hwy in Davisburg. Well Maintained. We are undergoing transforming every room currently to subsidized housing section 8 which includes new mini kitchens. 18 units x $885 avg = $191,660 year. We have an excellent relationship with multiple housing agencies who send endless people to us for application. Propane is used for the water heater only. Motel was in the Movie Real Steel. Updates as follows 1.) 100% complete rewire with (5) dedicated circuits to each room. 2.) Attic and basement and access tunnel new lighting and branch circuit infrastructure 4.) New electric baseboard heat every unit 5.) Wifi enabled remote control (property owner) thermostats every unit. Stops anyone from increasing temp past setting. 6.) All units remote control push button front door locks. Wifi enabled to control entry. Codes can be changed remote. 7.) complete 16 high definition camera system with microphones and large capacity NVR storage device to monitor premises. 8.) Mostly new flat screen TV’s with remote 9.) New WiFi routers and boosters throughout bldg 10.) Wifi enabled remote relay system to monitor and control individual unit power consumption. Power can be turned on and off to individual circuits via remote access. 11.) New PEX hot and cold water feeds throughout complete bldg 12.) New Blown in insulation in attic 13.) LED lighting installed throughout 14.) LED exterior wall pack lights installed 15.) LED porch lights installed 16.) New bushes flower beds and mulch 17.) New septic field 18.) New septic tank access lids Basically this place can run itself via technology and remote control without on site management.

Location

State MI

County Oakland

Area Groveland Twp (63021)

Zoning Multi-Family

Interior

Heating Hot Water

Fireplace No

Exterior

Exterior Feature Brick

Waterfront No

Building

Story 1 Story

Foundation Slab

Water Private Well

Structure Type Brick

Schools

School District Holly Area School District

Others

Ownership Private

Energy Description Natural Gas

Acceptable Financing Land Contract

Listing Terms Land Contract

Financing Cash,Conventional

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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by Wilhelm & Associates
Bought with LPS

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Morgan Beilfuss

Agent | License ID: 6501277052

+1(989) 277-7860

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