508 Wright Street
Breckenridge, MI 48615
- – beds
- – baths
- 2,000 sqft
- ~3/4 acre lot
- $149 per sqft
- – on site
8-Unit Apartment Complex – Breckenridge, MI This charming 8-unit apartment complex in Breckenridge features a unique Bavarian Alpine-style design that gives the property great curb appeal. Each unit is a cozy 1 bed, 1 bath with a kitchen, living space, baseboard heat, and a window air-conditioner. The building is fully rented, with each unit bringing in an average of $540 per month. The total gross monthly rent is $4,325, making it a strong income-producing property. Tenants each have their own electric meter and pay their own electric bills. The owner is responsible for water, sewer, dumpster service, lawn care, and snow removal. There’s also a coin-operated laundry room on-site, providing additional income. The property includes a paved parking lot for tenant convenience and an extra storage shed for maintenance supplies or owner use. This is a great investment opportunity in a peaceful, small-town setting with consistent rental income and value-added features.
Last checked:
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Last updated Apr 25, 2025
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MLS# 1932717 —
The Building
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Year Built:1973
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Construction:Frame
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Style:2 Story
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Roof:Asphalt
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Foundation:Slab
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Exterior Finish:Wood
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Exterior Features:Porch
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Univs Design/Barrier Free:None
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Eco Features:no
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SqFt:2000
Interior
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Interior Features:None
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Fireplace and Stoves:None
Financial & Terms
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Terms:Conventional Mortgage, Cash, 1031 Exchange
Location
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Latitude:43.412786
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Longitude:-84.478852
The Property
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Property Type:Apartment Complex
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Lot Dimensions:165 x 208
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Acres:0.83
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Zoning:Multi-Family
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Additional Buildings:Garden/Storage Shed
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Deeded Waterfront:no
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Water Features:None
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Road:Blacktop
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Mineral Rights:Unknown
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Price Per SqFt:149.5
Listing Agent
- Contact info:
- Agent phone:
- Office phone:
- (989) 463-1219
Taxes
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Tax ID:42-150-014-00
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Summer Taxes:$913.86
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Winter Taxes:$2,641.69
Heating & Cooling
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Heating & Cooling:Electric
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Heating & Cooling:Baseboard, Window Air Conditioner
Utilities
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Water:Municipal
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Sewer:Municipal
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TV/Internet:Cable TV
Appliances
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Appliances:Refrigerator, Oven/Range, Electric water Heater
Schools
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School District:Breckenridge Community Schools
The Community
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Subdivision:MI
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Development Amenities:None
Parking
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Primary Garage:None
Extra Units
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Total # of Units:8
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SqFt Unit 1:500 Sqft
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Unit A Baths:1
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Unit B Bedrooms:1
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Unit B Baths:1
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Unit C Bedrooms:1
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Unit C Baths:1
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Unit C Square Feet:500 Sqft
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Unit D Bedrooms:1
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Unit D Baths:1
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Unit D Square Feet:500 Sqft
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Unit E Bedrooms:1
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Unit E Baths:1
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Unit E Square Feet:500
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/22/25
Apr 22, 2025
|
Listed / Active | NGLRMLS | $299,000 |
