548 Shattuck Road
Saginaw, 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 "“ 100% occupied with stable income. Warehouse 8,000 SF "“ 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.
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FeaturesGeneralSewer SharedSeptic
Heating ForcedAir NaturalGas SeparateMeters
Possession AtClose
Garage Spaces 10.0
Year Built 1972
Township Carrollton Township
Levels QuadLevel
Property Subtype MultiFamily
Tax Year 2023
County Saginaw
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name ELY PARA
Garage Y/N N
Full Baths 8
Status Active
City CarrolltonTownship_Saginaw
Disclosures NoEncroachment TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Carrollton
Number Of Units Total 8
MLS Area Area73081CarrolltonTwp
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 9755.39
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Ownership Type LLC
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
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ExteriorParking Features SixorMoreCarGarage Detached
Water Source Public
Foundation Details Basement
Spa N
Lot Dimensions 232x295
Lot Size Acres 1.47
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorBasement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 11840.0
Half Baths 8
Total Bedrooms 15
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type SquareFeet
Total Baths 16
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* 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 Saginaw, MI
Average List Price $121,186
Percent of Sale Price 83%
About Saginaw, MI 47,234 Population
-24% Since 2002
$ 29,308 Median Income
35.05 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
1538631 Elementary School
1538632 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 |