$371,500
$359,990
3.2%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
1 Acres Lot
SOLD DATE : 10/31/2023
Key Details
Sold Price $371,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 65023031847
Sold Date 10/31/23
Bedrooms 3
Originating Board Greater Regional Alliance of REALTORS®
Year Built 1881
Annual Tax Amount $4,304
Lot Size 1.000 Acres
Acres 1.0
Lot Dimensions 165x245
Property Description
nÅó Prime Investment Opportunity in Alto, MI Welcome to 6257 Bancroft, where an exceptional 3-unit rental property awaits astute investors searching for a strategic addition to their portfolio. This property presents an impeccable blend of stability, convenience, and profit potential. With a proven tenant history and an impressive annual rent income of $38,220, this investment gem guarantees both immediate cash flow and enduring value appreciation.Property Overview:Discover the advantages of this property, which comprises three effortlessly manageable units. Comprising two 2-bedroom units and one 3-bedroom unit, this layout caters to a variety of tenant preferences. The prime location directly across from Alto Elementary School and easy access to I-96 add to the properdesirability.
Features and Benefits:
Strategic Unit Configuration: The property boasts two 2-bedroom units and a spacious 3-bedroom unit, optimizing flexibility and attracting a diverse range of tenants.
Convenient Location: Situated right across the street from Alto Elementary School and offering quick access to I-96, the property's location is tailored for tenant convenience and long-term demand.
Professional Management: With a dedicated property manager overseeing operations, you can trust that this investment is expertly maintained, ensuring hassle-free ownership.
Solid Tenant History: A track record of exceptional tenant satisfaction is supported by established leases in place, enhancing the property's reliability and income stability.
Investor's Dream: Whether you're a seasoned real estate investor or embarking on your investment journey, this property provides a golden opportunity to tap into a robust rental market and secure consistent rental income.
Location
State MI
County Kent
Area Bowne Twp
Zoning Residential
Direction Whitneyville S to 60th, E to Bancroft, S to Unit.
Interior
Interior Features Cable Available
Heating Hot Water
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 10.0
Pool No
Waterfront no
Roof Type Composition
Road Frontage Paved
Garage no
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Well (Existing)
Structure Type Wood
Schools
School District Lowell
Others
Pets Allowed Yes
Tax ID 412404176010
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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