$885,000
$950,000
6.8%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
10.5 Baths
1,598 SqFt
SOLD DATE : 09/08/2020
Key Details
Sold Price $885,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,598 sqft
Price per Sqft $553
Subdivision Marilynns Meadows Condo
MLS Listing ID 58050019049
Sold Date 09/08/20
Bedrooms 2
Full Baths 7
Half Baths 7
Originating Board MiRealSource
Year Built 1994
Lot Size 0.300 Acres
Acres 0.3
Lot Dimensions 236x165
Property Description
This well maintained 7 unit residential rental property is an excellent investment opportunity in Harrison Township. All 7 units are occupied by tenants who have all been renters for more than their initial 1 year lease, with 3 tenants being more than 5 years. Gross annual rents on current leases is 95,700. Operating expenses 30,303, net operating income 65,397 3 duplexes,1 single stand alone family home. 7 units total. Each unit has 2 bedrooms and 1.5 baths and a 1 car garage. The complex has been set up as a condo but no association has been set up. Owner will only sell as a package! Near 100% occupancy. Very little, if any turn over.Per public record sq footages range from 1445 to 1598 per unit. Separate meters for each unit. Tenant pays all utilities, owner cuts the lawn. Very spacious units great location across from the lake.Inspection and preview of each unit only available after acceptable offer has been submitted. Information deemed reliable but not Guaranteed
Location
State MI
County Macomb
Area Harrison Twp
Zoning Residential
Interior
Heating Other
Cooling Central Air
Exterior
Pool No
Garage 1
Building
Foundation Slab
Sewer Sewer-Sanitary
Water Municipal Water
Level or Stories 2 Story
Schools
School District Lanse Creuse
Others
Pets Allowed Yes
Tax ID 1136412007
SqFt Source Assessors
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