$240,000
$259,250
7.4%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
1,693 SqFt
SOLD DATE : 06/10/2024
Key Details
Sold Price $240,000
Property Type Single Family Home
Sub Type Ranch
Listing Status Sold
Purchase Type For Sale
Square Footage 1,693 sqft
Price per Sqft $141
Subdivision Crosswinds North
MLS Listing ID 58050128903
Sold Date 06/10/24
Style Ranch
Bedrooms 3
Full Baths 2
HOA Y/N yes
Originating Board MiRealSource
Year Built 2001
Annual Tax Amount $3,525
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions 100 X 188
Property Description
Phenomenal Investment Opportunity, long standing TENANT OCCUPIED until July of 2025. Asking 15% below Market Value and Seller is giving $15,000 at closing to compensate Cash Flow. Boasting a PRIME LOCATION located near numerous amenities in the Clayton Twp/Swartz Creek area. New Roof (2022) and New Deck (2023) Property is currently occupied by a longstanding tenant and the lease is valid until July of 2025. THIS IS AN "EQUITY" PLAY INVESTMENT, NOT CASH FLOW, ANTICIPATED RATE OF RETURN ON INVESTMENT OVER 2 YEARS ESTIMATED TO BE OVER 40% Analysis value range of $300,000-$325,000 Priced at $259,250, Approximately $45,750 instant equity
Location
State MI
County Genesee
Area Clayton Twp
Rooms
Basement Daylight
Kitchen Dishwasher, Disposal, Microwave, Oven, Range/Stove, Refrigerator
Interior
Interior Features Other, Egress Window(s), Jetted Tub
Hot Water Natural Gas
Heating Forced Air
Cooling Central Air
Fireplaces Type Gas
Fireplace yes
Appliance Dishwasher, Disposal, Microwave, Oven, Range/Stove, Refrigerator
Heat Source Natural Gas
Exterior
Garage Electricity, Door Opener, Attached
Garage Description 2 Car
Waterfront no
Porch Deck
Road Frontage Paved
Garage yes
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Ranch
Level or Stories 1 Story
Structure Type Brick,Vinyl
Schools
School District Swartz Creek
Others
Tax ID 0424584014
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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