$230,000
$259,900
11.5%For more information regarding the value of a property, please contact us for a free consultation.
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
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