350 Church St $1,200,000

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    350 Church St Olivet, MI 49076

    • 24,400 sq.ft.
    • Commercial Sale
    MLS# 30318028 | ACTIVE

    $1,200,000

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    Days On Market: 200 24 Views
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    Property Details

    Creekside Apartments are located in Olivet Michigan on the grounds of the former Olivet High School. The property was converted to apartments in 1995, at which time new plumbing, electrical and windows were installed. Many of the wood build in cabinets from the high school were reused in the new apartments, resulting in unique room layouts, and floor plans from unit to unit.Each unit is separately metered for electric and feature electric baseboard heat and window air conditioners. There are two buildings, both with laundry facilities. The 37th apartment unit is occupied by the resident manager which also has a maintenance garage adjacent to the apartment. The property features a robust unit mix with 13 one bedroom, 19 two bedroom and 5 three bedroom units, giving the property flexibility to compete in multiple price points. Rents have had consistent growth over the past three years and currently sits mid market in pricing. The complex sits adjacent to the campus of Olivet College. The

    • General Features
      • easements Utilities
      • Gross Building Size 24400
      • Rental Space Available 24400
      • Property subtypes Low-Rise/Garden
      • Sale terms Cash to Seller
      • Use types Investment
    • Building Features
      • building name Creekside Apartments
      • Building status Existing
      • building stories 3
      • Roof type Flat
      • total buildings 2
    • Property Features
      • land size max 3.1
      • land size min 3.1
      • land size unit ACRE

    Contact

    Matthew Wisniewski

    Commercial Advisor / Managing Broker

    RE/MAX Commercial Group

    Direct: 517-321-2800 x118

    Neighborhood

    49076 (Olivet) Demographics

    34Median Age
    79Population Density (per sq. mile)
    26%College Educated
    $53,929Estimated Median Income
    1,066Estimated Total Home Owners
    338Estimated Total Renters
    76% / 24%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    4,433Total Population

    Market Last 30 Days

    $75,000 Median Sales Price
    1 Homes Sold
    3 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,200,000
        8/25/2018 4:30:25 AM Price Reduced Source New Value: $1,200,000 -4%
        8/2/2018 4:31:00 AM New in Database Source New Value: $1,250,000

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