$465,000
$495,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
4.3 Acres Lot
SOLD DATE : 04/16/2018
Key Details
Sold Price $465,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 66017053833
Sold Date 04/16/18
Bedrooms 12
Originating Board Greater Kalamazoo Association of REALTORS®
Year Built 1935
Annual Tax Amount $8,834
Lot Size 4.300 Acres
Acres 4.3
Lot Dimensions irregular
Property Description
Money making, multi-unit property east of South Haven, and near GingerMan Raceway. The seven buildings comprise of 13 rental units, along with 1 building which contains laundry facilities, office and maintenance shop. The over 4+ acre property could possibly be expanded, as there is approximately 3 additional acres with the lake frontage could possibly be purchased as a potential bonus opportunity. Unit 13, which is not listed in unit count, is the upper story of the house as you enter the property. That unit is 4 bedrooms, and 1290 sqft. This property is being offered at about a 7 cap.
Location
State MI
County Van Buren
Area Geneva Twp
Direction From South Haven East on Phoenix Rd, to 62nd St, south to property.
Interior
Interior Features Laundry Facility, Cable Available
Heating Baseboard, Forced Air
Heat Source Electric, LP Gas/Propane
Laundry 1
Exterior
Garage Spaces 18.0
Pool No
Waterfront 1
Roof Type Composition
Road Frontage Paved
Building
Foundation Crawl, Slab
Sewer Septic Tank (Existing)
Water Well (Existing)
Structure Type Block/Concrete/Masonry,Vinyl,Wood
Schools
School District South Haven
Others
Pets Allowed Yes
Tax ID 800901100310
Acceptable Financing Cash, Conventional, VA
Listing Terms Cash, Conventional, VA
Financing Cash,Conventional,VA
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Bought with ERA Reardon Realty
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