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$ 799,000
Est. payment | /mo
8,006 SqFt
$ 799,000
Est. payment | /mo
8,006 SqFt
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 8,006 sqft
Price per Sqft $99
Subdivision Mi
MLS Listing ID 50195472
Annual Tax Amount $12,394
Tax Year 2025
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions Irregular
Property Sub-Type Commercial/Industrial
Property Description
OWN THE BLOCK ON ASHMAN! An exceptional investment opportunity in Midland, Michigan! This high-performing, mixed-use complex features a diverse and stable income stream across 14 residential units, 4 commercial spaces and an additional detached single family house all situated on a strategically located parcel in the heart of the City near downtown, schools, and shopping. The entire portfolio has professional property management in place with several of the units recently upgraded by current ownership in 2025 (see 2025 YTD P&L for details). The portfolio is at or near full occupancy with a 2026 pro forma net operating income projected at over $70,000+ and an estimated 8.76% cap rate. Also potentially available is 906 Ashman adjacent to the building. Buyer may tour any vacant units prior to offer acceptance and may then tour the entire building during due diligence.
Location
State MI
County Midland
Area Midland (56020)
Zoning Commercial
Exterior
Parking Features 11-20 Spaces
Building
Water Public Water
Others
Ownership Private
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Modern Realty