$450,000
$499,900
10.0%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
7 Baths
8,000 SqFt
SOLD DATE : 09/30/2020
Key Details
Sold Price $450,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $56
Subdivision Summerfield Condo
MLS Listing ID 219124529
Sold Date 09/30/20
Style Other
Bedrooms 7
Full Baths 7
Originating Board Realcomp II Ltd
Year Built 2005
Annual Tax Amount $11,171
Lot Size 5.210 Acres
Acres 5.21
Lot Dimensions 81X986X568X988
Property Description
This 7 unit condo development is completely leased. Approved for 5 more buildings. Future building are ready for construction the utilities are in place. Driveway and parking lot are installed. Each unit is 925 sq. ft., including 2 bedroom, full bath Utility room (plumbed for washer and dryer), kitchen (with appliances) breakfast nook and living room. Master suite includes walk-in closet, plus a walk-in pantry off of kitchen Condo fee's are $100.00 per month per unit, $5,100.00 cash reserve available to new owners. Annual insurance is $5,644.00, Property taxes are $11,171.52, Management fee is $800.00 annually and Maintenance for the grounds is budgeted for $4,500.00 annually.
Location
State MI
County Genesee
Area Genesee Twp
Zoning Multi-Family
Direction I-69 to Belsay Road to Genesee Road
Interior
Interior Features Cable Available, Carbon Monoxide Alarm(s), High Spd Internet Avail
Hot Water Natural Gas
Heating Forced Air
Cooling Central Air, Separate Meter
Fireplace no
Heat Source Natural Gas
Exterior
Exterior Feature Fenced
Garage Spaces 20.0
Waterfront no
Roof Type Composition
Porch Deck, Patio
Road Frontage Paved
Garage no
Building
Foundation Slab
Sewer Sewer-Sanitary
Water Municipal Water
Architectural Style Other
Level or Stories 2 Story
Structure Type Brick Siding,Vinyl
Schools
School District Kearsley
Others
Pets Allowed No
Tax ID 1123651200
Ownership Private Owned,Short Sale - No
Acceptable Financing Cash, Conventional, Warranty Deed
Listing Terms Cash, Conventional, Warranty Deed
Financing Cash,Conventional,Warranty Deed
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