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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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9295 Cedar Creek Ct , Swartz Creek, MI 48473
$2,600,000
Est. Payment: $5,777.78/mo
0 Bed
45 Bath
0 Sqft
Status: Active | Days on site: 23
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House Description

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 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.

Highlights

Listed by Ahsan Tarar , 313-888-0315 Tarar Homes , 313-888-0315.

Property Type

Multi-Family

Lot/Acreage
1.5

HOA Fee

Year Built

2010

County

Genesee

Neighborhood

Swartz Creek City

School District

Swartz Creek

Listing ID

20261068063

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:45
  • Full Bathrooms:
Air Cond:Central Air
Fireplaces:
Water:Public

Exterior Features

Principal Interest
$5,778
Taxes
$4,983
HOA
$0

Home Price

$2,600,000

Loan Details

30 yrs
%

Down Payment

20%
$520,000
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Monthly Price:
$5,777.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,777.78 $4,982.50 $0.00 $10,760.28
Yearly $69,333.33 $59,790.00 $0.00 $129,123.33
Total $2,080,000.00 $1,793,700.00 $0.00 $3,873,700.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Swartz Creek, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.