Marysville 36 Unit Multifamily Portfolio ASSUMABLE NONRECOURSE LOAN IN PLACE

For Sale

1255 Georgia Avenue, Marysville, MI 48040

This Marysville property for sale is located at 1255 Georgia Avenue. The current listed sale price for Marysville 36 Unit Multifamily Portfolio ASSUMABLE NONRECOURSE LOAN IN PLACE is $5,600,000.

Contacts

broker

Michael Scamardella

Lino Realty

Property Details

  • 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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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

Attachments

Getting around

  • 55/100

    Walk Score ®

  • 52/100

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Location

  • 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

  • Wally's Supermarket

    0.32 miles

  • Meijer

    0.38 miles

  • Dollar General Market

    1.35 miles

  • Kroger

    4.42 miles

  • Big Lots

    4.73 miles

  • Save-A-Lot

    4.76 miles

  • Vinckier Foods

    5.52 miles

  • St. Clair Mall

    6.03 miles

  • Neiman's Family Market

    6.45 miles

  • TJ Maxx

    8.17 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Michael Scamardella

Lino Realty