Owosso, MI | 24-Unit Multifamily Conversion | Off-Market

Highlights:

• Off-market, assignable multifamily conversion opportunity
• Four-story vertical building in downtown Owosso, MI
• Planned 24-unit multifamily redevelopment
• Additional on-site storage income potential
• Clean, assignable PSA position
• Executive Summary available upon CA/NDA
• Grant-assist guidance available for qualified buyers
• Experienced developers/operators only

Description:

Off-Market Multifamily Conversion Opportunity | Owosso, MI
Assignable position on a four-story commercial building located at 501 S. Shiawassee St, Owosso, MI, positioned for conversion into a 24-unit multifamily redevelopment with additional on-site storage income.
This is a clean, assignable contract offered at $350,000, suitable for experienced multifamily developers or operators seeking a value-add or redevelopment opportunity in a downtown Michigan market.
Project Overview:
Existing 4-story structure (~18,000 SF)
Planned conversion to 24 residential units
Basement area suitable for storage unit income
Elevator-ready redevelopment concept
Vertical, urban asset (not garden-style)
Value Proposition:
Off-market opportunity
Assignable PSA
Executive Summary available upon CA/NDA
Grant-assist guidance available for qualified buyers (no guarantees implied)
Buyer Requirements:
$10,000 earnest money from end buyer
Non-refundable upon assignment
Proof of funds required
Experienced buyers only
Next Steps:
Confidential Executive Summary released after CA/NDA.
Serious inquiries only.

Documents: