Rare opportunity to acquire a 15-unit, newer-construction multifamily portfolio in Swartz Creek offering strong in-place income, significant rental upside, and multiple exit strategies.Built in 2010, each unit features 3 bedrooms, 2.1 bathrooms, a private full basement, second-floor laundry, primary suite with private bath, and attached 2.5-car garage. Tenants enjoy the… Read More space and privacy of a single-family home while ownership benefits from the efficiency of a multifamily investment.Each condo is individually parceled and separately metered, all utilities are paid by the tenants, and there is currently no HOA, allowing for minimal owner involvement.Current rents max out around $1,450 per month, while estimated market rents are approximately $1,750, creating up to $300 per unit in monthly upside, or $54,000 annually across the portfolio. With newer construction and minimal updating needed, investors can focus on increasing revenue rather than major renovations.Operate the portfolio as a traditional multifamily community, increase NOI through rent growth, or take advantage of the individually parceled units for future resale or equity strategies.15 units. 45 bedrooms. Private basements. 15 attached 2.5-car garages. Individually parceled. Individually metered. Tenant-paid utilities. No HOA. Newer construction. Significant rental upside.A unique opportunity to acquire a low-maintenance asset with strong cash flow potential, built-in appreciation, and multiple paths to create value. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Tarar Homes.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Multifamily
Square Ft.
20,190
Lot Size
1.5 Acres
Year Built
2010
MLS Number
20261068063
30 Days Snapshot Of 48473
$283k
+5%
(avg) sold price
15
-44%
homes sold
58
+34%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Private
Basement
Unfinished, Basement?: 1
Building
15 total units, 15 leased units, 15 three-bedroom units, Built in 2010, Remodelled in 2025, Architectural style: Bungalow, Aluminum, Brick, 20,190 total square feet, 20,190 combined square feet, 512 total basement square feet, Unit count: 15
Cooling
Central Air
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 1
Water Features
Public (Municipal)
Heating
Forced Air, Natural Gas
Interior Features
Laundry Facility
Lot
Lot size area: 1.50, Lot size dimensions: 200x326.7
Miscellaneous
Gross scheduled income: $237,900, Income projection: Actual, Monthly rental income: $19,825, Net operating income: $159,088, Operating expense: $78,812
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