Parma, MI 49269,12631 - 12633 W MICHIGAN AVE

$230,000

$259,900

11.5%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

4,000 SqFt


SOLD DATE : 07/31/2019

Key Details

Sold Price $230,000

Property Type Multi-Family

Sub Type Upper/Lower Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 4,000 sqft

Price per Sqft $57

Subdivision None

MLS Listing ID 55201804367

Sold Date 07/31/19

Style Upper/Lower Apartment

Originating Board Jackson Area Association of REALTORS®

Year Built 1974

Annual Tax Amount $3,874

Lot Size 1.370 Acres

Lot Dimensions 150x400

Property Description

EXCELLENT INVESTMENT OPPORTUNITY - Well maintained, fully rented, 7 Unit Apartment Complex in Parma & Western School District. A unique investment opportunity with all units leased & gross rents totaling over $3,000 per month. Cedar Lane Apartments consists of two well maintained apartment buildings & carport structure on 1.3 acres. 12631 W. Michigan is located in the back & is a Bi-Level design with 2 apts up & 2 down. 12633 W. Michigan has 2 one bedroom apts down & 1 large 2BR apt up. Most of the units have long term tenants. Owner pays for trash removal, water softener rental, electricity for the common areas, & maintenance. Tenants pay their own utilities. Net income does not include management fees or maintenance. All leases run from Jan-June 2019. Minimum of 24-48 hour notice required for all showings; not all units may be available to view at the same time. Measurements are estimated. This incredible, turn key investment property won't last long - call today!

Location

State MI

County Jackson

Area Parma Twp

Direction I-94 to Michigan Ave Exit 128; North of Exit

Multi-Unit Info

Total Units 6

Interior

Heating Baseboard, Forced Air, Separate Meters

Heat Source Electric, Natural Gas

Exterior

Road Frontage Paved

Building

Sewer Septic-Existing

Water Well-Existing

Level or Stories 2 Story

Structure Type Brick,Wood

Schools

School District Western

Others

Tax ID 000062632600405

SqFt Source Estimated

Financing Cash,Conventional

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Realcomp MLS
Listed by SHARON HARRIS of Key Realty One
Bought with ERA Reardon Realty-Summit
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(248) 790-9075

nicole@turfnsurfhomes.com

219 Hamilton, Birmingham, MI, 48009, United States

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.