323 E Bell Street Unit 101, Camden, MI 49232

$799,999

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List Price
$799,999
Days on Market
21
MLS#
26044387
Status
ACTIVE
Type
Multifamily

Property Description

An exceptional value-add investment opportunity, this 20 unit apartment building at 323 E Bell St in Camden sits on a spacious 5 acre lot and offers tremendous upside potential for the right buyer. The unit mix features twelve 2-bedroom apartments and eight 1-bedroom apartments, ideal for capturing local rental demand. Major capital improvements have already been completed-including a new roof, updated camera system, and approximately 70% of the interior unit rehabs finished- drastically reducing the initial CapEx and timeline needed to reach full stabilization. Offered at $799,999 (under $40K per door), this property is being sold as a cash only deal, giving a buyer or investor the perfect entry point to complete the remaining interior updates, place qualified tenants, and maximize their rental yield.

Additional Information

Owner Pays
Water
Taxes
$2,329
Acres
5
Basement
Slab
Heating
Baseboard
Roofing
Composition
School District
Camden-Frontier
Sewer
Septic Tank
Tenant Pays
Electricity
Total Parking Spaces
40
Utilities
Electricity Connected, Cable Available, Electricity Available
Water
Public Water

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Jill G Vella from Listing Office: Integra Realty LLC.

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