Historic Mixed-Use Building with Penthouses and Rental Units in Saint Joseph County, MI

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Financial Details

Asking Price:
$480,000
Cash Flow / SDE:
$4,800
Valuation Multiple:
100.0x
Location:
Saint Joseph County, MI, US
Source:
Date:
May 26, 2025

Key Highlights

- Mixed-use property with penthouses, apartments, and commercial spaces.
- High occupancy rates and expansion potential in the basement.
- Seller financing available with 50% down.

Description

This is a mixed-use property featuring two penthouses, four 2-bedroom apartments, and four commercial rental spaces. The property has a history of high occupancy rates and potential for expansion, particularly in the basement area. Seller financing may be available with a minimum of 50% down. The owner is selling due to retirement.

Industry Information

Industry Description:
Retail
Classification:
Retail

Listing Details

Listing ID:
26351dfa-2e7f-4b66-8210-dd8d0d0b9a16
Deal Status:
For Sale
Date Posted:
May 26, 2025
Last Updated:
May 26, 2025
Currency:
USD

Features & Tags

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