For Sale - 121 N WOODBRIDGE Street, Saginaw, MI 48602

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Scott Hutchison

scott@web-homes.net +1(616) 291-0440

$ 2,500,000

Est. payment | -/mo

40 Baths

0.75 Acres Lot

Save

$ 2,500,000

Est. payment | -/mo

Save

40 Baths

0.75 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Municipality Saginaw

Subdivision Saginaw

MLS Listing ID 20250011601

Originating Board Realcomp

Year Built 1966

Annual Tax Amount $22,248

Lot Size 0.750 Acres

Acres 0.75

Lot Dimensions 300.00 x 108.80

Property Description

This sale includes multiple properties 40 units in total. 121 N Woodbridge, 24 unit multifamily apartment building (8-2BR units, 16-1 BR units), 2129 Weiss St quadplex (4-2 BR Units), and 2215 Weiss St three quadplex buildings (12-2BR units). Only 2.5% vacancy maintained over the last several years leading up to fall 2024. One unit in the quadplex (2129 Weiss) had a kitchen fire in the spring of 2024. Owner is negotiable on the repairs as it is currently under rehab, it has passed electrical inspections. Current rents are well below market rents! Excluding the current vacancy loss & excess fire damage repairs in 2024, this property is being offered a 7.3% Cap. Woodbridge units have water included with rent, electric is sub metered. Weiss quadplex units have water and heat included with rent, electric is sub metered. No showings without an accepted LOI & Proof of Funds.

Location

State MI

County Saginaw

Zoning Multi-Family

Direction At the corner of Woodbridge & Court next to the Quick Mart convenience store.

Interior

Heating Radiant

Exterior

View Y/N No

Building

Sewer Public

Water Public

Structure Type Brick

Others

Tax ID 20019000000

Acceptable Financing Cash, Contract

Listing Terms Cash, Contract

Listed by Real Broker LLC

“Part of my Job as Your Real Estate Expert is to protect you from the incompetency that runs rampet in our industry”

+1(616) 291-0440

scott@web-homes.net

8 N. Bridge Street Suite 104B, Rockford, MI, 49341, United States

121 N WOODBRIDGE Street Saginaw, MI 48602