$650,000 for Sale

1928 lincoln avenue, saginaw, MI 48601

872 Sqft 0.15 Acres 1 of 1
0
Property Description
Section 8 Portfolio Sale This portfolio includes 10 properties, all of which are rented to Section 8 tenants except for one. The portfolio is being sold at a 16% cap rate, with a current monthly rental income of $9,128, collected on the first of every month. One property, located at 1823 Stanley St., is still under renovation. Upon completion, the rental income will increase to $10,128. All properties have signed leases and HAP contracts with MSHDA or Saginaw Housing. Additionally, all properties have been renovated to meet HUD rental guidelines. Please contact the agent for more information, including rent roll, P&L, leases, and HAP contracts. Note that the properties are not being sold individually; this is a portfolio sale of 10 houses. 1814 Schaefer St., Saginaw, MI 48602 1928 Lincoln Ave., Saginaw, MI 48601 3104 Roberts St., Saginaw, MI 48601 905 Pleasant St., Saginaw, MI 48602 3220 Roberts St., Saginaw, MI 48601 1516 King St., Saginaw, MI 48602 1521 Fenton St., Saginaw, MI 48601 611 S 24th St., Saginaw, MI 48601 15 Milan Ct., Saginaw, MI 48601 1823 Stanley St., Saginaw, MI 48602 (under renovation)
General Information
Sale Price: $650,000
Price/SqFt: $745
Est. Payments: $3,040*
Status: Active
MLS#: mrsmi58050152573
City: saginaw
Post Office: saginaw
Schools: saginaw city
County: Saginaw
Subdivision: farrands add
Acres: 0.15
Lot Dimensions: 6524
Bedrooms:
Bathrooms:   (1 full)
House Size: 872 sq.ft.
Acreage: 0.15 est.
Year Built: 1914
Property Type: Single Family
Style: Bungalow
Features & Room Sizes
Construction:  Wood
Exterior:  Wood
Basement:  Yes
Foundation :  Basement
Heating:  Wall/Floor Furnace
Fuel:  Natural Gas
Waste:  Public Sewer (Sewer-Sanitary),Sewer at Street
Watersource:  Public (Municipal)
Tax, Fees & Legal
Est. Summer Taxes:  $332
Est. Winter Taxes:  $90
HOA fees:  1
Legal Description:  PART OF LOTS 2 & 3,BLK.3, FARRANDS ADDITION DESCRIBED ASFOLLOWS.COMG.AT A POINT ON THE WLY.LINE OF LOT 3,10 FT.N.ELY. FROM
Map


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This Single-Family Home located at
1928 lincoln avenue, saginaw MI, 48601
is currently for sale. This property is listed for $650,000.
For Sale | $650,000 | 2 Bed, | 872 Sq Ft MLS ID mrsmi58050152573
1928 lincoln avenue has 2 bedrooms, approximately 872 square feet. This home is in the saginaw city school district and has a lot size of 6524 with 0.15 acres and was built in 1914. 1928 lincoln avenue is in saginaw and in ZIP Code 48601 area.
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