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Key Details
Sold Price $236,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,229 sqft
Price per Sqft $192
Subdivision Mi
MLS Listing ID 80051381
Sold Date 12/27/24
Style Quad-Level
Year Built 1930
Annual Tax Amount $2,536
Lot Size 0.490 Acres
Acres 0.49
Lot Dimensions 118x182
Property Description
This 4-Plex has a solid 20-year rental history and based on the current rents, produces almost $35,000 of gross annual income. This building was originally a church but in 2004 the ENTIRE property was remodeled. There are two 3 bedroom with 2 bathroom units that are two stories and feature things like second floor laundry and walk-in closets. The third unit is also two-story and has 2 bedrooms and 1 bathroom and the fourth is 2 bedroom and 1 bathroom that features one level living. All units have their own laundry, furnace, central air unit, water heater, septic, and utility meter. Tenants are currently month to month and pay their own utility costs. There is plenty of on-site parking and many other features that make this property a turnkey investment with enormous upside!
Location
State MI
County Gratiot
Area Sumner Twp (29014)
Zoning Residential
Rooms
Basement Block, Stone
Interior
Interior Features Walk-In Closet
Heating Forced Air
Cooling Central A/C
Building
Story Quad-Level
Foundation Crawl
Water Private Well
Schools
School District Alma Public Schools
Others
Ownership Private
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with NON-MLS MEMBER OFFICE