$490,000
$559,000
12.3%For more information regarding the value of a property, please contact us for a free consultation.
700 SqFt
SOLD DATE : 10/12/2023
Key Details
Sold Price $490,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 700 sqft
Price per Sqft $700
Subdivision None
MLS Listing ID 78080008916
Sold Date 10/12/23
Originating Board Aspire North REALTORS®
Year Built 1990
Lot Size 1.400 Acres
Acres 1.4
Lot Dimensions 204 x 292
Property Description
If you are looking for a recently remodeled & upscale investment property â€" welcome to The Gray House. 4 individual apartments, all recently redone & updated, making each unit its own charming, cozy nest. Sitting on 1.4 acres of prime Bellaire real estate, there is room for additional buildings or a myriad of other uses. Unit 4, is a 3 bedroom/2 bath 1600 sq ft, beautifully appointed & furnished unit, on 2 levels, which can serve as either a rental or your own home. A pristine creek runs through the back of the property for added Up North feel. The Gray House is within easy walking distance to downtown Bellaire, with all the quaint and charming eateries, shops & watering holes. Currently all units are on a 1-year lease, with annual income in excess of $50,000. Once these leases are up (staggered throughout the year), this would make a fantastic Short Term Rental property allowing you to greatly expand your rental opportunity. Showings can be scheduled on Tuesdays, Thursdays & Saturdays from 1-5, to accommodate the tenants currently residing there. Apartment details are in the Associated Docs. Excellent opportunity in Bellaire that does not become available often!
Location
State MI
County Antrim
Area Kearney Twp
Zoning Residential
Interior
Hot Water Natural Gas
Heating Forced Air, Hot Water
Fireplace no
Heat Source Natural Gas
Exterior
Pool No
Waterfront no
Waterfront Description Creek
Garage no
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Level or Stories 2 Story
Schools
School District Bellaire
Others
Pets Allowed Yes
Tax ID 054103000201
Ownership Private Owned
Acceptable Financing Cash, Trade/Exchange
Listing Terms Cash, Trade/Exchange
Financing Cash,Trade/Exchange
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