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$255,000
Est. payment /mo
0.49 Acres Lot
UPDATED:
11/23/2024 12:25 AM
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Municipality Sumner Twp
Subdivision Sumner Twp
MLS Listing ID 80051381
HOA Y/N true
Originating Board MiRealSource
Year Built 1930
Lot Size 0.490 Acres
Acres 0.49
Lot Dimensions 118x182
Property Description
This 4-Plex has a solid 20-year rental history and based on the current rents, produces almost $35,000 of gross annual income. This building was originally a church but in 2004 the ENTIRE property was remodeled. There are two 3 bedroom with 2 bathroom units that are two stories and feature things like second floor laundry and walk-in closets. The third unit is also two-story and has 2 bedrooms and 1 bathroom and the fourth is 2 bedroom and 1 bathroom that features one level living. All units have their own laundry, furnace, central air unit, water heater, septic, and utility meter. Tenants are currently month to month and pay their own utility costs. There is plenty of on-site parking and many other features that make this property a turnkey investment with enormous upside!
Location
State MI
County Gratiot
Rooms
Basement Crawl Space
Interior
Heating Forced Air
Cooling Central Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Structure Type Block,Stone
Others
Acceptable Financing Cash
Listing Terms Cash
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Listed by CENTURY 21 LEE-MAC REALTY
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Joey Atkins
Owner / Managing Broker | License ID: RB17000834
Owner / Managing Broker License ID: RB17000834