611 S 24th Street
Saginaw, MI, 48601 $ 650,000
Bedrooms3 Baths1.0 Sq 936 Monthly Estimate*
$ 3,893
for $650,000 with 3 bedrooms and 1 full bath. This 936 square foot home was built in 1955 on a lot size of 0.23.
Section 8 Portfolio Sale This portfolio includes 10 properties, all of which are rented to Section 8 tenants except for one. The portfolio is being sold at a 16% cap rate, with a current monthly rental income of $9,128, collected on the first of every month. One property, located at 1823 Stanley St., is still under renovation. Upon completion, the rental income will increase to $10,128. All properties have signed leases and HAP contracts with MSHDA or Saginaw Housing. Additionally, all properties have been renovated to meet HUD rental guidelines. Please contact the agent for more information, including rent roll, P&L, leases, and HAP contracts. Note that the properties are not being sold individually; this is a portfolio sale of 10 houses. 1814 Schaefer St., Saginaw, MI 48602 1928 Lincoln Ave., Saginaw, MI 48601 3104 Roberts St., Saginaw, MI 48601 905 Pleasant St., Saginaw, MI 48602 3220 Roberts St., Saginaw, MI 48601 1516 King St., Saginaw, MI 48602 1521 Fenton St., Saginaw, MI 48601 611 S 24th St., Saginaw, MI 48601 15 Milan Ct., Saginaw, MI 48601 1823 Stanley St., Saginaw, MI 48602 (under renovation)
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FeaturesGeneralHeating Floor Furnace
Possession At Close
Garage Attached Garage
Water Public Water
Status Active Active
Full Baths 1
Half Baths 0
Bathrooms 1
Year Built 1955
Subdivision BLUERIDGE MI
Style Ranch
County Saginaw
Class RESIDENTIAL
Type Single Family
Percent Ownership LLC
Municipality Saginaw
New Construction Y/N No
Structure Style 1 Story
Area Saginaw (73039)
Primary City Saginaw
City Saginaw
School District Saginaw City School District
Financial Terms Cash Conventional
Legal Description N 24 FT OF LOT 408 LOT 409 LOT 410 EXC N 32 FT BLUERIDGE SEC 20 T12N R5E
DOM 31
Postal Code 48601
Price Per Sq Ft Total AG 694.44
Coming Soon Section 8 Portfolio Sale This portfolio includes 10 properties all of which are rented to Section 8 tenants except for one. The portfolio is being sold at a 16% cap rate
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ExteriorExterior Vinyl Siding
Frontage 50
Lot Size Area 0.23
Pool (Y/N) No
Lot Dimensions 10019
Waterfront Y/N No
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InteriorBeds 3
Fireplace? No
Total Rooms 5
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* Excluded FeaturesList ByJavonny VegaListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $3,893
- Monthly Property Taxes
- $87
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Saginaw, MI
Average List Price $200,187
Percent of Sale Price 69%
About Saginaw, MI 47,234 Population
-24% Since 2002
$ 29,308 Median Income
35.05 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
1505398 Elementary School
1505399 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
8/19/2024 | $650,000 | | Listed Price |