$139,000
$144,900
4.1%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
3 Baths
2,200 SqFt
SOLD DATE : 12/05/2018
Key Details
Sold Price $139,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $63
MLS Listing ID 218098073
Sold Date 12/05/18
Style Triplex
Bedrooms 3
Full Baths 3
Originating Board Realcomp II Ltd
Year Built 1926
Annual Tax Amount $2,738
Lot Dimensions 60 x 200 x 60 x 200
Property Description
Great investment opportunity in downtown Auburn Hills renaissance. Walk able to downtown with shoppes, restaurants and parks for the tenants. Close to freeways, Oakland University and tech center. Approximate 10% cap with projected rents based on past rents and 5% vacancy factored in. Two units currently vacant purposely for upgrades and showings, units easy to rent. Small 1 bedroom unit to right is rented and can only be seen with written offer. Please do not disturb tenant. Unit has some upgrades and separate tenant paid gas forced air heat. Seller is a licensed broker and property manager and can place tenants afterwards and manage for fee if needed. New roof and attic insulation recently to minimize energy usage. Basement storage and laundry area has been reserved for 2 bedroom unit. Property is zoned multi family with no rental registration or city inspections currently required.
Location
State MI
County Oakland
Area Auburn Hills
Zoning Multiple
Direction Take Opdyke north to East on Auburn Rd
Rooms
Basement Unfinished
Interior
Interior Features High Spd Internet Avail
Hot Water Natural Gas
Heating Forced Air
Cooling Ceiling Fan(s)
Heat Source Natural Gas
Exterior
Exterior Feature Awning/Overhang(s)
Garage Spaces 4.0
Pool No
Roof Type Asphalt
Road Frontage Paved
Building
Foundation Basement
Sewer Sewer at Street
Water Municipal Water
Architectural Style Triplex
Level or Stories 2 Story
Structure Type Vinyl
Schools
School District Avondale
Others
Pets Allowed Yes
Tax ID 1425351022
Ownership Private Owned,Short Sale - No
SqFt Source county
Acceptable Financing Cash, Conventional, Warranty Deed
Listing Terms Cash, Conventional, Warranty Deed
Financing Cash,Conventional,Warranty Deed
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