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16200 DIXIE Davisburg, MI 48350 1059
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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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Bought with LPS