548 Shattuck Road
Carrollton, MI, 48604 $ 724,900
Bedrooms15 Baths8.8 Sq 11,840 Monthly Estimate*
$ 4,463
for $724,900 with 15 bedrooms and 8 full baths, 8 half baths. This 11,840 square foot home was built in 1972 on a lot size of 1.47.
Fully stabilized mixed-use investment offering strong in-place cash flow, zero vacancy risk in core components, and immediate upside through commercial lease-up. NOI: $115,860 Gross Income: $154,560 Expenses: $38,700 Cap Rate: ~14.5% Residential 8 Units â 100% occupied with stable income. Warehouse 8,000 SF â 100% occupied. Below-market rents. Commercial Space 3,000+ SF vacant. Value-add lease-up opportunity. Permitted Uses: Retail store, convenience store, grocery store, restaurant, café, coffee shop, bakery, barbershop, hair salon, nail salon, spa, massage therapy, medical office, dental office, chiropractic clinic, physical therapy clinic, pharmacy, insurance office, real estate office, law office, accounting office, professional office, coworking space, daycare center, tutoring center, fitness studio, gym, yoga studio, martial arts, ETC. Additional Income Coin-operated washer & dryer generating approximately $200/month ($2,400/year). Upside Potential: Lease commercial space, increase warehouse rents, unit conversions. $40K+ additional income potential. High cash-flow asset with immediate income and strong upside. Priced for fast sale.
See more
FeaturesGeneralHeating Forced Air
Possession At Close
Garage Detached Garage
Water Public Water
Status Active Active
Full Baths 8
Half Baths 8
Bathrooms 16
Year Built 1972
Subdivision Ely Para MI
County Saginaw
Township Carrollton Township
Class MULTIFAMILY
Type Multi-Family
Ownership LLC
Municipality Carrollton Twp
Sale/Rent For Sale
Status Detail 0
Structure Style Quad-Level
Area Carrollton Twp (73008)
Primary City Saginaw
City Carrollton
School District Carrollton School District
Financial Terms Cash Conventional
Legal Description PART OF E1/2 OF E1/2 OF SW1/4 OF SEC 12 BEG AT A POINT ON S LINE OF SEC 12 656.34 FT W FROM S1/4 POST TH N 295 FT TH ELY PARA TO S SEC LINE 232.23 FT TO W LINE OF FORMER LILY ST TH S ALONG FORMER ST 6
DOM 733
Postal Code 48604
Price Per Sq Ft Total AG 61.22
Public Remarks Fully stabilized mixed-use investment offering strong in-place cash flow zero vacancy risk in core components and immediate upside through commercial lease-up. NOI: $115 860 Gross Income: $154
See more
InteriorBeds 15
Fireplace? No
Total Number of Units 8
Fuel Type Natural Gas
See more
ExteriorLot Size Area 1.47
Lot Dimensions 232x295
Waterfront Y/N No
See more
* Excluded FeaturesList ByPaul BurbackListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $4,463
- Monthly Property Taxes
- $813
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Carrollton, MI
Average List Price $724,900
Percent of Sale Price 0%
About Carrollton, MI 291 Population
-20% Since 2002
$ 29,287 Median Income
37.74 Median Age
5% Households with Children
Trends Information provided by ATTOM Data Solutions.
1571695 Elementary School
1572254 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/19/2025 | $724,900 | -4.61% | Price Down |
| 2/28/2025 | $759,900 | -3.80% | Price Down |
| 9/27/2024 | $789,900 | -5.39% | Price Down |
| 9/19/2024 | $834,900 | -5.65% | Price Down |
| 7/29/2024 | $884,900 | -1.67% | Price Down |
| 6/18/2024 | $899,900 | -5.17% | Price Down |
| 2/23/2024 | $949,000 | | Listed Price |