3752 sqft | 3 baths | #58050147586
Description
Welcome to this fantastic investment opportunity in a prime location! This 2-story 3 unit building features two spacious apartments upstairs, each 938 sqft with 2 bedrooms and 1 bath. The lower level is 1876 sqft currently being used as living quarters but can be reverted back to business use as store, retail, office and more, offering endless possibilities for additional income streams. Each unit provides a private entrance. Located in an area with high traffic counts and high visibility. This property is perfect for entrepreneurs looking to establish a business in a prime community. The apartments provide a steady rental income, making this property a lucrative investment for any savvy investor. CAP RATE 8% or more (current rent is well below area average). Land contract available. We will consider all reasonable offers. Huge lot would allow plenty of space for expansion. Tennant pays all utilities.
Interior Details
- HeatingForced Air, Separate Meters
- CoolingCentral Air
Beds & Baths
- Total Baths3.00
- Bathrooms3
- Full Baths3
Property Details
- Exterior FeaturesFenced
Measurements
- Square Feet3752
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1942
Community and Neighborhood Details
- School DistrictNew Haven
- RegionRay Twp
- CountyMacomb
Financial Details
- Original List Price$445,000
Other
- MLS #58050147586
Location
Legal
Notice: This listing provided courtesy of Realcomp IDX (REALCOMP). The information contained in this listings has not been verified by us or the MLS and should be verified by the parties interested.
Listing Courtesy
Listing Agent: John Bolos (#58000000699135)
Listing Office: Century 21 AAA North-Macomb (#58000000001595)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
