Do Real Estate on the Go!
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- Description
- Property Details
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Do Real Estate on the Go!
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$1,700,000
-- Bed
-- Bath
12,480sqft
503 N Riverview Dr, Parchment, MI 49004
$1,700,000
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Multi Family
Built in 1950
$-- HOA
32,670 sqft lot
$136/sq.ft
Description
Exceptional 24-unit apartment complex featuring 23 spacious 1-bedroom units and 1 2-bedroom unit across four solid brick, 3-story buildings (6 units per building). Located in a prime rental market with excellent occupancy history and long-term tenant stability. Property includes 25 total parking spaces (carport and lot parking) and two well-maintained coin laundry rooms for added convenience and revenue.Total monthly revenue is currently near $20,000.Many units have been tastefully updated, and there's strong potential for value-add by converting up to 19 units into 2-bedrooms. Tenants pay electric and cooking gas, while owner covers heat, water/sewer, trash, and lawn/plo...
Continue Reading- Houzeo last checked: 14 Minutes ago
- Listing updated: December 3, 2025 at 5:07 pm
- Listing Provided by: Adam Atwood (269) 377-4589 DRE #6506047769 | Five Star Real Estate (269) 377-4589
- Source: MiRealSource MLS-MI | MLS#: 70486203
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1950
HOA Fees
-
Finished Area
12,480 sqft
Lot Size
32,670 sqft lot
Basement Area
- sqft
MLS Name
MiRealSource MLS
MLS Number
70486203
MLS Status
Active
Days on Market
121
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