$205,000
$215,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
7,405 Sqft Lot
SOLD DATE : 10/15/2021
Key Details
Sold Price $205,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 69021103104
Sold Date 10/15/21
Bedrooms 4
Originating Board Southwestern Michigan Association of REALTORS
Year Built 1900
Annual Tax Amount $7,343
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 43x81
Property Description
Great investment opportunity in downtown Bangor. Property includes four fully occupied residential units and coin laundry, grossing $2135 a month and a restaurant, grossing $850 a month. Tenant has triple net lease and pays half of the taxes. The commercial space holding the restaurant has the potential to be divided creating six units. The exterior of the building has been updated with metal siding. New rubber roof two years old. Walking in coolers were rebuilt two years ago.
Location
State MI
County Van Buren
Area Bangor
Direction M-43 to Bangor. Building is on the Corner of Railroad St. and Monroe St. Next to the railroad tracks
Interior
Interior Features Laundry Facility, Cable Available
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Garage Spaces 5.0
Roof Type Rubber
Road Frontage Paved
Garage no
Building
Foundation Michigan Basement
Sewer Sewer-Sanitary
Water Municipal Water
Structure Type Brick,Other
Schools
School District Bangor
Others
Pets Allowed Yes
Tax ID 805460300100
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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