MI > Midland
Midland, MI 48642,902 E Ashman Street
Midland, MI 48642,902 E Ashman Street
Midland, MI 48642,902 E Ashman Street
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$995,000
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8,006 SqFt
Active

902 E Ashman Street Midland, MI 48642

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Estrella Morales Mendez

Estrella Morales Mendez

+1(248) 736-1612

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 8,006 sqft

Price per Sqft $124

MLS Listing ID 61050181665

Annual Tax Amount $15,516

Lot Size 0.630 Acres

Acres 0.63

Lot Dimensions Irregular

Source Saginaw Board of REALTORS®

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 two additional detached single family homes 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 many of the units recently renovated and near full occupancy. The current pro forma net operating income exceeds $91,000+ per year which represents a purchase price cap rate of approx 9.16%. The seller is willing to hold a second position mortgage for the right buyer. This property presents a rarely available income-producing asset in Midland. Buyer may tour any vacant units prior to offer acceptance, and may then tour the entire building during a due diligence period.

Location

State MI

County Midland

Area Midland

Zoning Commercial,Residential

Exterior

Road Frontage Paved

Building

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Additional Building Other

Schools

School District Midland

Others

Tax ID 2ParcelsSoldAs1

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Full Service

Realcomp MLS
©2025 Realcomp II Ltd. Shareholders
Listed by Logan Richetti of Modern Realty
agent
Estrella Morales Mendez

Realtor | License ID: 6501422740

+1(248) 736-1612 | estrellamoralesmendez@epique.me

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902 E Ashman Street