$799,000

902 E Ashman Street, Midland, MI 48642

  • 8,006 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon0.34acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $100/sqft
  • Property List Date Icon Listed 5 days ago

Property Description

OWN THE BLOCK ON ASHMAN! An exceptional investment opportunity in Midland, Michigan! This high-performing, mixed-use complex features a diverse and stable income stream across 14 residential units, 4 commercial spaces and an additional detached single family house all situated on a strategically located parcel in the heart of the City near downtown, schools, and shopping. The entire portfolio has professional property management in place with several of the units recently upgraded by current ownership in 2025 (see 2025 YTD P&L for details). The portfolio is at or near full occupancy with a 2026 pro forma net operating income projected at over $70,000+ and an estimated 8.76% cap rate. Also potentially available is 906 Ashman adjacent to the building. Buyer may tour any vacant units prior to offer acceptance and may then tour the entire building during due diligence.

Listing Status:
Active
Listing Office:
Modern Realty : 9894869770
Listing Agent:
Logan Richetti : 9042947883
MLS ID:
61050195472
  • Parking: Other
  • Originating MLS: Saginaw Board of REALTORS
  • School District: Midland
  • County: Midland
  • Zoning: BEG 40 FT E & 33 FT S OF N 1/4 POST OF SEC 15. TH S 250 FTE 59 FTN 250 FTW 59 FT TO BEG. Split on 08/01/2025 with 14-15-10-156 into 14-15-10-15814-15-10-16014-15-10-162;141510152
  • Water: Public
  • Sewer: Public sewer
  • Source: Saginaw Board of REALTORS

This listing courtesy of Logan Richetti, Modern Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Plymouth Elementary School

1105 E Sugnet Rd, Midland, MI, 48642

Grades KG-5

0.54 miles away

N

Northeast Middle School

1305 E Sugnet Rd, Midland, MI, 48642

Grades 6-8

0.50 miles away

M

Midland High School

1301 Eastlawn Dr, Midland, MI, 48642

Grades 9-12

0.45 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.