$177,000
$219,000
19.2%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
1.08 Acres Lot
SOLD DATE : 01/27/2023
Key Details
Sold Price $177,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 66022048764
Sold Date 01/27/23
Bedrooms 3
Originating Board Greater Kalamazoo Association of REALTORS®
Year Built 1978
Annual Tax Amount $3,447
Lot Size 1.080 Acres
Acres 1.08
Lot Dimensions 180x263
Property Description
Excellent opportunity for immediate cash flow with this well maintained 3 unit building that has an extensive rental history. Prime location only 10 minutes to Vicksburg and Schoolcraft, 15 minutes to Portage, and 15 minutes to Three Rivers. All 3 units are identical floor plans at 880 sqft 2 bedroom, 1 bath, kitchen and living area. Major updates inlcude new roof in 2020, newer water heaters in 2 units, and newer appliances in 2 units. Gross rent is $20,420/Year, and Net income is approximately $13,747/Year. Financial statement attached and lease agreements will be provided upon request. 2 lease agreements through May of 2023, and 1 lease agreement through November of 2023.
Location
State MI
County Kalamazoo
Area Schoolcraft Twp
Direction US-131 to VW Ave E (Lyons St). Building is on the East side of the shared drive and faces the road.
Interior
Interior Features Cable Available
Heating Baseboard
Heat Source Electric
Exterior
Garage Spaces 6.0
Pool No
Roof Type Composition
Road Frontage Paved
Building
Foundation Crawl
Sewer Septic Tank (Existing)
Water Well (Existing)
Structure Type Brick,Wood
Schools
School District Vickburg
Others
Pets Allowed Yes
Tax ID 1415430040
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
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