$54,500
$60,000
9.2%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
0.25 Acres Lot
SOLD DATE : 11/04/2024
Key Details
Sold Price $54,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 71024052188
Sold Date 11/04/24
Bedrooms 2
Originating Board West Michigan Lakeshore Association of REALTORS®
Year Built 1960
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 83x132
Property Description
This duplex is a fantastic opportunity for investors looking to implement the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat). Featuring split utilities, each unit operates independently, separate gas and electric meters making it perfect for generating rental income. With good bones, this property has great potential but needs work to reach its full value.For those interested in flexible financing, the seller is open to a land contract with $25,000 down, 10% interest, and $350 per month payments.
Location
State MI
County Newaygo
Area Newaygo
Direction US-31 N, M-120 N, W 80th St and M-82 E to E Water St in Newaygo turn left at the 1st cross street onto E Water St
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Waterfront no
Garage no
Building
Foundation Michigan Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Other
Schools
School District Newaygo
Others
Pets Allowed Yes
Tax ID 1919105011
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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