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548 Shattuck Rd 8 Unit Apartment Building $799,900 ($99,988/Unit) Saginaw, MI 48604
Executive Summary
Fully stabilized mixed-use investment offering strong in-place cash flow, zero vacancy risk in core components, and immediate upside through commercial lease-up. NOI: $115,860 Gross Income: $154,560 Expenses: $38,700 Cap Rate: ~14.5%
Residential 8 Units – 100% occupied with stable income.
Warehouse 8,000 SF – 100% occupied. Below-market rents.
Commercial Space 3,000+ SF vacant. Value-add lease-up opportunity.
Permitted Uses: Retail store, convenience store, grocery store, restaurant, café, coffee shop, bakery, barbershop, hair salon, nail salon, spa, massage therapy, medical office, dental office, chiropractic clinic, physical therapy clinic, pharmacy, insurance office, real estate office, law office, accounting office, professional office, coworking space, daycare center, tutoring center, fitness studio, gym, yoga studio, martial arts, ETC.
Additional Income Coin-operated washer & dryer generating approximately $200/month ($2,400/year). Upside Potential: Lease commercial space, increase warehouse rents, unit conversions. $40K+ additional income potential.
High cash-flow asset with immediate income and strong upside. Priced for fast sale.
Residential 8 Units – 100% occupied with stable income.
Warehouse 8,000 SF – 100% occupied. Below-market rents.
Commercial Space 3,000+ SF vacant. Value-add lease-up opportunity.
Permitted Uses: Retail store, convenience store, grocery store, restaurant, café, coffee shop, bakery, barbershop, hair salon, nail salon, spa, massage therapy, medical office, dental office, chiropractic clinic, physical therapy clinic, pharmacy, insurance office, real estate office, law office, accounting office, professional office, coworking space, daycare center, tutoring center, fitness studio, gym, yoga studio, martial arts, ETC.
Additional Income Coin-operated washer & dryer generating approximately $200/month ($2,400/year). Upside Potential: Lease commercial space, increase warehouse rents, unit conversions. $40K+ additional income potential.
High cash-flow asset with immediate income and strong upside. Priced for fast sale.
Property Facts
| Price | $799,900 | Building Class | C |
| Price Per Unit | $99,988 | Lot Size | 1.47 AC |
| Sale Type | Investment | Building Size | 11,840 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 4.22/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Commercial - B-2 | ||
| Price | $799,900 |
| Price Per Unit | $99,988 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.47 AC |
| Building Size | 11,840 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 4.22/1,000 SF |
| Zoning | Commercial - B-2 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 11-12-4-12-3003-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $159,900 |
Property Taxes
Parcel Number
11-12-4-12-3003-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$159,900
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548 Shattuck Rd
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