Multifamily Portfolio & Vacant Land | Value-Add Opportunity | McVicar Rd & South Lane Rd 70281 McVicar Rd, Romeo Parcel: 14-01-35-180-029 | Front Building | 0.383 ACRES 12548 South Lane, Romeo Parcel: 14-01-35-180-008 | Middle Building | 0.250 ACRES 12395 South Lane, Romeo Parcel: 14-01-35-180-005 | Back Building | 0.366 ACRES South Lane Vacant, Romeo Parcel; 14-01-35-180-028 | Large Vacant Land | 0.951 ACRES South Lane Vacant, Romeo Parcel: 14-01-35-179-003 | Smaller Vacant Land | 0.362 ACRES South Lane R-O-W, Romeo Parcel: 14-01-35-180-027 | Right-of-Way | 0.715 ACRES NOTES: High Household Incomes, Located Short Distance of Historic Downtown Romeo. The multifamily buildings all been completely renovated with all new kitchens, baths, flooring, plumbing, roofs, etc. Currently is 100% full occupancy. Cash flow gross $84,010.00 with a net amount of $71,000.00 annually, estimates. Great opportunity to own this income producing property on South Lane at McVicar Road in upper income Bruce Township, Michigan. Property includes two apartment buildings and a duplex totaling 11 rental units, all with high occupancy. Also included are two vacant lots - 55,358 SF for future expansion of up to 12 additional apartments, townhouses or multiplex configurations. Site is located a short distance north of historic downtown Romeo.
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Multi-Family Space
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