Sold for $3,000,000
$3,000,000
48770 Shelby Rd, Utica, MI 48317
35beds
21,965sqft
Multi Family
Built in 1974
-- sqft lot
$2,776,500 Zestimate®
$137/sqft
$1,433 Estimated rent
Home value
$2,776,500
$2.19M - $3.47M
$1,433/mo
Zestimate® history
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Owner options
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What's special
This is a 28-unit apartment complex on 2.8 acres at a very desirable location, with 3 brick ranch-style buildings. The property consists of 1 three-bedroom, 5 two-bedroom, and 22 one-bedroom units, approximately 955 sq ft, 905 sq ft, and 730 sq ft in area, respectively. A laundry and storage facility are available in the center of each apartment building. The tenants are responsible for their own utilities and routine maintenance. All rents include water. Each unit has an individual entrance. 20 units have their own porch with a dividing privacy wall, providing space for a BBQ grill, chairs, and tables for outside enjoyment. All units have just one floor with no steps to climb. 20 units have their own parking pads next to the back door. Due to the long and wide green space between buildings, there is a feeling of openness and a calm, peaceful setting. The property is in very good condition, with every unit updated or renovated in the last two years. The property is fully occupied, with a waiting list of potential tenants. The growing senior citizen population is creating more and more demand for the amenities provided by this property, creating a steady potential for increased rents. Please do not approach tenants with questions. Contact the listing agent for the video with a virtual tour of the property and additional information.
Zillow last checked: 8 hours ago
Listing updated: August 31, 2025 at 01:45pm
Listed by:
Mark Tlok 248-678-8899,
Hartford Real Estate of Michigan
Bought with:
Unidentified Agent
Unidentified Office
Source: Realcomp II,MLS#: 20230044117
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 35
- Bathrooms: 29
- Full bathrooms: 29
Heating
- Baseboard, Electric, Forced Air, Natural Gas
Cooling
- Central Air, Wall Units
Appliances
- Laundry: Laundry Room
Features
- High Speed Internet
- Has basement: No
- Has fireplace: No
Interior area
- Total interior livable area: 21,965 sqft
- Finished area above ground: 21,965
Property
Parking
- Total spaces: 58
- Parking features: Assigned, Parking Lot, Parking Pad
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Patio
- Exterior features: Private Entrance
- Pool features: None
Lot
- Size: 2.80 Acres
- Dimensions: 336 x 362
Details
- Additional structures: Other, Sheds
- Parcel number: 0728126003
- Zoning description: MultiFamily
- Special conditions: Short Sale No,Standard
- Other equipment: Satellite Dish
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Slab
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1974
- Major remodel year: 2021
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Cable Available, Underground Utilities
Community & neighborhood
Location
- Region: Utica
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 10/20/2023 | Sold | $3,000,000-7.7%$137/sqft |
Source: | ||
| 7/28/2023 | Pending sale | $3,250,000$148/sqft |
Source: | ||
| 6/9/2023 | Listed for sale | $3,250,000$148/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Neighborhood: 48317
Nearby schools
GreatSchools rating
- 7/10Wiley Elementary SchoolGrades: PK-6Distance: 1 mi
- 5/10Eppler Junior High SchoolGrades: 7-9Distance: 1.8 mi
- 9/10Utica High SchoolGrades: 10-12Distance: 0.9 mi
Get a cash offer in 3 minutes
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Estimated market value$2,776,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,776,500
