$440,000
$425,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
0.61 Acres Lot
SOLD DATE : 09/01/2021
Key Details
Sold Price $440,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 55021095221
Sold Date 09/01/21
Bedrooms 2
Originating Board Jackson Area Association of REALTORS
Year Built 1900
Annual Tax Amount $1,395
Lot Size 0.610 Acres
Acres 0.61
Lot Dimensions 325x175
Property Description
Located within walking distance to Albion College, this 19 unit property is available for its next investor. The property features 14 residential units, 5 commercial units, on-site coin operated laundry, management office, and maintenance workshop.. Property has CCTV coverage of exterior. Financials from 2020 demonstrate an estimated 11.8% CAP rate with room for growth. Property is along the river and has a park setting across the street. Location is walking distance to dining, entertainment, shopping, school, and more.
Location
State MI
County Calhoun
Area Albion
Direction BTW N Superior and N Monroe along river
Body of Water None
Interior
Heating Space Heater
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 40.0
Waterfront Description River Front,Lake/River Priv
Road Frontage Paved, Pub. Sidewalk
Garage no
Building
Foundation Slab
Sewer Sewer-Sanitary
Water Municipal Water
Structure Type Vinyl,Wood
Schools
School District Marshall/Albion
Others
Pets Allowed Yes
Tax ID 5100067000
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with Beiswanger and Risner RE Group