230 Corning StFarwell, MI 48622
For Sale
$833,775
16-Unit Apartment Complex, High Potential
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 94
Highlights
- 16-unit multifamily property located at 230 N Corning St, Farwell, MI.
- Two two-story buildings on a 0.992-acre lot (APN: 041-209-005-01).
- Fourteen 2-bedroom and two 1-bedroom units; four units currently vacant.
- Current NOI $44,988; projected pro-forma NOI $76,565.
- Asking price $833,775 ($52,111 per unit); current cap rate 5.40%; pro-forma cap rate 9.18%.
- On-site coin laundry.
Property Details for 230 Corning St
- Property type
- Multifamily properties, Apartment buildings
- Class
- C
- Buildings
- 2
- Stories
- 2
- Lot Size (sq. ft)
- 43,212 SF
- Units
- 16
Location Insight
- City
- Farwell
- County
- Clare
- State
- Michigan
- Latitude
- 43.837885364585
- Longitude
- -84.869972344815
230 Corning St, Farwell, Michigan
Nearby Similar for Sale
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