$195,000
$200,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
3 Baths
3,080 SqFt
SOLD DATE : 07/01/2022
Key Details
Sold Price $195,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,080 sqft
Price per Sqft $63
MLS Listing ID 2220012906
Sold Date 07/01/22
Style Triplex
Bedrooms 3
Full Baths 3
Originating Board Realcomp II Ltd
Annual Tax Amount $3,007
Lot Size 0.770 Acres
Acres 0.77
Lot Dimensions 151.00X222.00
Property Description
Rental demand is UP! What a fantastic opportunity to invest in a proven winner! This tri-plex has a great track record for an impressive ROI, is fully leased & has lots of updates already done! Gross Rents are over $30,000 a year! Less than 4% vacancy rate in last 7 years w/ long term tenants. Main furnace, Hot water heater & AC are new. Regular maintenance is done and updates incl flooring, paint, baths & appliances as needed. Collecting rents is hassle free as all tenants use electronic deposit. Tons of parking for tenants, guests & over 3/4 acre lawn! Owners have kept meticulous records of profits, expenses & maintenance. The apartments are each unique & Charming. Unit A is a favorite w/ 2 beds, Tall ceilings, Diningroom, private porch & Laundry access in Basement. Unit B is 3 bed w/ 2 private entries, balcony & cute snackbar. Unit C only shares 1 wall, has ground floor entry, huge upstairs bedroom & private porch. Owners gets calls from former tenants asking to get back in!
Location
State MI
County Genesee
Area Vienna Twp
Zoning Multi-Family
Direction On corner of McComb and Tuscola between Saginaw and Clio Rds
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling Ceiling Fan(s), Central Air, Window Unit(s)
Fireplace no
Heat Source Natural Gas
Exterior
Pool No
Waterfront no
Porch Balcony, Porch - Covered, Porch
Road Frontage Gravel, Paved
Garage no
Building
Foundation Crawl, Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Well (Existing)
Architectural Style Triplex
Level or Stories 2 Story
Structure Type Aluminum
Schools
School District Clio
Others
Pets Allowed Yes
Tax ID 1814100071
Ownership Short Sale - No,Private Owned
Assessment Amount $410
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with K W Peterson & Associates