Bowne Twp, MI 49302,6257 Bancroft Avenue SE

$371,500

$359,990

3.2%
Est.Price: ?

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Est. payment /mo

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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Realcomp MLS
Listed by Greenridge Realty (Lowell)
Bought with Five Star Real Estate (M6)
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