2342 North Aurelius Road

Beds
18,200 Sq. Ft.
$96 / Sq. Ft.
18,200
Sq. Ft.
$96
per Sq. Ft.

Description

Sugar Pine Apartments is a stabilized, value-add 19 unit apartment building located in Holt, MI. The property consists of eighteen 1 bedroom apartments (800 square feet) one 3 bedroom unit (1,000 square feet) and 9 storage units. The property is 100% occupied grossing $17,295 per month. All 19 units are in one building - that was built in 1999. Each unit is equipped with a window air conditioning unit, along with baseboard heat. There are 28 parking spaces for the 19 units. The units are separately...Sugar Pine Apartments is a stabilized, value-add 19 unit apartment building located in Holt, MI. The property consists of eighteen 1 bedroom apartments (800 square feet) one 3 bedroom unit (1,000 square feet) and 9 storage units. The property is 100% occupied grossing $17,295 per month. All 19 units are in one building - that was built in 1999. Each unit is equipped with a window air conditioning unit, along with baseboard heat. There are 28 parking spaces for the 19 units. The units are separately metered for electric which the tenant puts in their name. The heat is supplied through baseboard heat. The landlord pays for water, sewer and trash. Most properties in the area bill back for these utilities, so there is opportunity to increase value through collecting RUBS. The current owner has invested over $100,000 into the building this year including patching, sealing and striping the parking lot, 3 unit renovations, and exterior / common area CAPEX.
  1. Listed by Brady Williams • Greater Development LLC
    P: (360)-989-5395 C: (360)-989-5395 brady@greaterdevelopment.net

Property Details for 2342 North Aurelius Road

Architectural Style
2 Story
Has Waterfront
No
Zoning Description
Multi-Family
LISTING CLOSED: 02/04/2025 12:00 AM

Property Details for 2342 North Aurelius Road

StatusClosed
MLS #60350562
Days on Market42
Taxes$21,912 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1999
Lot Size1.49 AC / 64,904 SF
CountyIngham County

Location

Listing Courtesy of Greater Development LLC

Sold By LPS

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Building Information for 2342 North Aurelius Road

Stories2Residences19Year Built1999Building Size-Lot Size1.49 AC / 64,904 SF

Payment Calculator

$10,721 per month

30 year fixed, 6.55% Interest

Principal and Interest

$8,895

Property Taxes

$1,826

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 2342 North Aurelius Road

Summary
Location and General Information
  • Cross Street: Aurelius
  • Directions: Holt
  • Latitude: 42.650255
  • Longitude: -84.522762
  • MLS Area Major: Delhi Twp (33004)
  • Township: Ingham Delhi Charter Twp
Taxes and HOA
  • Parcel Number: 33250514151003
  • Tax Annual Amount: $21,912.00
Property
Lot Information
  • Lot Size Acres: 1.49
  • Road Surface Type: Paved
Property and Assessments
  • Above Grade Finished Area: 18200.0
  • Building Area Total: 18200.0
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1999
Building Features
  • Construction Materials: Brick
  • Total Stories: 2
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Basement: Finished
  • Has Basement: Yes
  • Full Bathrooms: 19
  • Total Bathrooms: 19
  • Has Fireplace: No
  • Heating: Baseboard, Natural Gas
  • Has Heating: Yes
Multi Family
Multi Family Information
  • Number Of Units Total: 19
Income & Expenses
  • Net Operating Income: $19,537

Property History for 2342 North Aurelius Road

DateEvent & SourcePriceAppreciation
Feb 4, 2025

Sold

MiRealSource #60350562

$1,750,000
Dec 8, 2024

Contract Signed

MiRealSource #60350562

Oct 28, 2024

Listed (Active)

MiRealSource #60350562

$1,850,000
DateEvent & SourcePrice
02/04/2025

Sold

MiRealSource #60350562

$1,750,000
12/08/2024

Contract Signed

MiRealSource #60350562

10/28/2024

Listed (Active)

MiRealSource #60350562

$1,850,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 2342 North Aurelius Road

Taxable ValueLand$57,000Additions$493,800Total$550,800
Tax Record2025$38,586 ($3,215 / month)
Home Facts
Beds0Baths1Total Finished SqFt9,996 SqFtAbove Grade Finished SqFt9,996 SqFtStories1Lot Size64,904 SqFtStyleMiscellaneous ResidentialYear Built1999Year Renovated1999ZoningRM-1CountyINGHAMAPN33-25-05-14-151-003

Schools near 2342 North Aurelius Road

This home is within Holt Public Schools.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Elliott Elementary School
PublicK to 5

Hope Middle School
Public5 to 6

Holt Junior High School
Public7 to 8

Holt Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Greater Development LLC

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