MI
Midland
Midland City
48642
902 E Ashman Street
902 E Ashman Street, Midland City, MI 48642
Share Listing
Listing Type
Commercial/Industrial
Listing Status
Active
36
$799,000

Home Details for 902 E Ashman Street

Price
$799,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Lot size acres
0.34
County
Midland
Garage
Days on site
7
MLS Listing#
61050195472
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.

Property Features
  • Cooling Information
    • None
  • Heating Information
    • None
  • Water Features
    • Public
  • Parking
    • Other
Listing Courtesy: Modern Realty - 989-486-9770
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Neighborhood Market Statistics
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Median Listing Price
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Median Square Feet
Market statistics compiled from data from Michigan Regional Information Center.
EXIT REALTY GROUP
489 W Nepessing Street, Lapeer, MI 48446
Office
810 245 2600
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