$220,000
$240,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
0.31 Acres Lot
SOLD DATE : 02/18/2022
Key Details
Sold Price $220,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 71022002525
Sold Date 02/18/22
Bedrooms 6
Originating Board West Michigan Lakeshore Association of REALTORS
Year Built 1979
Annual Tax Amount $3,900
Lot Size 0.310 Acres
Acres 0.31
Lot Dimensions 80x167
Property Description
This 6-unit property is fully occupied with long-term tenants and has space for a 7th unit. The property has historically very low turnover. Current gross rent is $3100 with room to increase rents to at least $4000/monthly. This property has room to add a seventh rental unit to the basement or add two additional bedrooms to unit #3. Owner pays heating for 3 units and one electric bill. A new roof was installed two years ago, recently replaced siding and decks. Laundry room generates $1500+ annually in change. Seller is a licensed agent in the State of Michigan. Reeths Puffer Schools.
Location
State MI
County Muskegon
Area Fruitland Twp
Direction Whitehall Rd West On Duck Lake
Rooms
Basement Walkout Access
Interior
Heating Baseboard, Forced Air
Fireplace no
Heat Source Electric, Natural Gas
Exterior
Garage Spaces 10.0
Waterfront no
Roof Type Composition,Rubber
Road Frontage Paved
Garage no
Building
Sewer Septic-Existing
Water Well-Existing
Structure Type Vinyl
Schools
School District Reeths Puffer
Others
Pets Allowed Yes
Tax ID 06122400000600
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
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Bought with Greenridge Realty (EGR)
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