$325,000
$349,900
7.1%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
0.4 Acres Lot
SOLD DATE : 07/01/2022
Key Details
Sold Price $325,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 69022005886
Sold Date 07/01/22
Bedrooms 5
Originating Board Southwestern Michigan Association of REALTORS
Year Built 1940
Annual Tax Amount $6,624
Lot Size 0.400 Acres
Acres 0.4
Lot Dimensions 132x134
Property Description
ATTENTION INVESTORS. Great income producing opportunity in Lawton. Long term tenants with month to month leases in place. 3 Buildings house 5 rental units. Original Victorian home has been split into two generously sized 2 story units; one measures 1062 sq. ft. with 2 BR 1 BA, the other is 1705 sq. ft. with 2 BR 2 BA. There is a full basement, each tenant has their own private storage space. The second Bldg. is a two story 3 BR 1 1/2 BA 1176 sq. ft. home and the 3rd Bldg. is a duplex each with 2 BR and 1 BA one has 744, sq. ft. and the other 864 sq. ft. Located on a quiet corner lot, SOLID RENTAL HISTORY. Buildings have been lovingly maintained by owner.Tenant in Unit 303 Apt 2 owns the washer and dryer and they are not included in the sale.
Location
State MI
County Van Buren
Area Lawton Vlg
Direction From M-40 Downtown Lawton go East on E. 4th Street, turn right on S. Franklin. Home is on corner of S. Franklin and Washington St.
Interior
Interior Features Cable Available
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 10.0
Waterfront no
Roof Type Composition
Road Frontage Paved
Garage no
Building
Foundation Michigan Basement
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street
Water Water at Street, Public (Municipal)
Structure Type Vinyl
Schools
School District Lawton
Others
Pets Allowed Yes
Tax ID 804510008000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with Gale Realty, LLC
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280 North Old Woodward Avenue, Suite 100, Birmingham, MI, 48009, United States