Marysville 36 Unit Multifamily Portfolio ASSUMABLE NONRECOURSE LOAN IN PLACE

1255 Georgia Avenue, Marysville, MI 48040

  • For Sale $5,600,000
  • Property Type Multi-Family
  • Property Size 38,700 SF
  • Units 36
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Date Updated Oct 29, 2024
Marysville, MI, is a thriving community located along the scenic St. Clair River, offering a high quality of life with excellent schools, recreational amenities, and a robust local economy. The city boasts a strategic location with easy access to major transportation routes, making it attractive for both residents and businesses. With a growing demand for housing driven by economic development and a strong sense of community, Marysville presents a rare and compelling opportunity for investing in this 36-unit apartment real estate portfolio.Introducing the prime investment opportunity at 1255 Georgia Avenue, Marysville, MI. This expansive 38,700 SF portfolio boasts 36 units and is currently operating at maximum capacity with 100% occupancy. Assumable Nonrecourse financing in place Situated in the sought-after Marysville area, this property presents an alluring prospect for multifamily and single-family rental portfolio investors. With a strong performance history and a thriving tenant community, this well-maintained property offers a compelling blend of stability and growth potential.

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Attachments

Highlights

  • - Assumable loan terms at 4.11% until November 2031 (see term sheet)
  • - 38,700 total SF
  • - 36 units
  • - Prime location in Marysville
  • - 100% occupancy rate (with waiting list)
  • - Consistently high rental demand
  • - Well-maintained property
  • - Strong rental income history
  • - Opportunity for portfolio expansion
  • - Proximity to amenities and conveniences

Contacts

broker

Michael Scamardella

Lino Realty

Location

Getting Around

  • Walk Score ®

    55/100 Somewhat Walkable

  • Bike Score ®

    52/100 Bikeable
Powered by Walk Score ®
  • City Marysville, MI
  • Zip Code 48040
  • Market Detroit

Points of Interest

  • Port Huron

    4.12 miles

  • Speedway

    0.03 miles

  • BP

    0.15 miles

  • Meijer

    0.23 miles

  • Marathon

    0.48 miles

  • Mobil

    0.82 miles

  • Admiral

    1.40 miles

  • Sunoco

    3.52 miles

  • Tesla Supercharger

    6.77 miles

  • Marysville Park and Ride

    0.65 miles

  • Car Parking

    5.35 miles

  • Saint Clair High School

    6.29 miles

  • Woodsong County Park

    7.72 miles

  • Fred W. Moore Park and Ride

    9.56 miles

  • Super 8 Marysville/Port Huron

    0.91 miles

  • Baymont by Wyndham Port Huron

    2.87 miles

  • El Rancho Motel

    4.75 miles

  • Elmcourt Motel

    4.78 miles

  • Hampton Inn Port Huron

    5.71 miles

  • Fairfield Inn Port Huron

    5.73 miles

  • Quality Inn & Suites Port Huron

    5.73 miles

  • Holiday Inn Express & Suites Port Huron

    5.83 miles

  • St. Clair Inn

    5.87 miles

  • Best Western Port Huron Bluewater Bridge

    5.94 miles

  • Jimmy John's

    0.06 miles

  • Arby's

    0.10 miles

  • Big Boy

    0.19 miles

  • Taco Bell

    0.22 miles

  • Daliano's

    0.25 miles

  • Burger King

    0.27 miles

  • Hungry Howie's

    0.35 miles

  • China Lite

    0.36 miles

  • Little Caesars

    0.37 miles

  • McDonald's

    0.50 miles

  • Washington Elementary School

    0.51 miles

  • Regional Educational Service Agency

    0.65 miles

  • Gardens Elementary School

    0.70 miles

  • Marysville High School

    0.79 miles

  • Marysville Middle School

    0.85 miles

  • Resa East Campus

    0.94 miles

  • Morton Elementary School

    1.25 miles

  • Virtual Learning Academyof Saint Clair County

    2.80 miles

  • Literacy Academy at Cleveland Elementary School

    2.94 miles

  • Grant School

    3.73 miles

  • Woodland Developmental Center

    0.62 miles

  • Early Childhood Center

    6.54 miles

Frequently Asked Questions

How much does Marysville 36 Unit Multifamily Portfolio ASSUMABLE NONRECOURSE LOAN IN PLACE cost?

The space currently listed for sale at Marysville 36 Unit Multifamily Portfolio ASSUMABLE NONRECOURSE LOAN IN PLACE asks for $5,600,000.

What is the total square footage of Marysville 36 Unit Multifamily Portfolio ASSUMABLE NONRECOURSE LOAN IN PLACE?

Marysville 36 Unit Multifamily Portfolio ASSUMABLE NONRECOURSE LOAN IN PLACE totals 38,700 square feet.

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Contact Listing Broker

broker

Michael Scamardella

Lino Realty