121 N Woodbridge Street Saginaw, MI 48602 4161
Listing Courtesy of: MIREALSOURCE / Real Broker LLC

  121 N Woodbridge Street Saginaw, MI 48602 4161

Active (40 Days)
$2,500,000
40
BATH
26,007
SQFT

Description

This sale includes multiple properties 40 units in total. 121 N Woodbridge, 24 unit multifamily apartment building (8-2BR units, 16-1 BR units), 2129 Weiss St quadplex (4-2 BR Units), and 2215 Weiss St three quadplex buildings (12-2BR units). Only 2.5% vacancy maintained over the last several years leading up to fall 2024. One unit in the quadplex (2129 Weiss) had a kitchen fire in the spring of 2024. Owner is negotiable on the repairs as it is currently under rehab, it has passed electrical inspections. Current rents are well below market rents! Excluding the current vacancy loss & excess fire damage repairs in 2024, this property is being offered a 7.3% Cap. Woodbridge units have water included with rent, electric is sub metered. Weiss quadplex units have water and heat included with rent, electric is sub metered. No showings without an accepted LOI & Proof of Funds.

MLS #:
60372096
Taxes
$22,248
Lot Size
0.75 acres
Type
Single-Family Home
Year Built
1966
School District
Saginaw City School District
County
Saginaw County
Community
P C & E C Andres Add-Saginaw City

Listed By

Christopher Gustafson, Real Broker LLC
Source
MIREALSOURCE
Last checked Apr 4 2025 at 4:50 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 40
Subdivision
  • P C & E C Andres Add-Saginaw City
Property Features
  • Foundation: Basement
Heating and Cooling
  • Radiant
Basement Information
  • Block
Utility Information
  • Sewer: Public Sanitary
Stories
  • 2
Living Area
  • 26,007 sqft
Location
   
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Disclaimer: Copyright 2023 MiRealSource, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 7/20/23 10:38