$263,000
$329,900
20.3%For more information regarding the value of a property, please contact us for a free consultation.
1.5 Acres Lot
SOLD DATE : 02/29/2016
Key Details
Sold Price $263,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 5002306851
Sold Date 02/29/16
Originating Board East Central Association of REALTORS®
Year Built 1967
Lot Size 1.500 Acres
Lot Dimensions 65340
Property Description
Investment opportunity! 8 units on 1.5 acres in Linden Schools. 4/1 bedroom units and 4/2 bedroom units. Two of each unit, in each building. With Kitchen appliances and 7 currently leased. Units set up for stackable washer/dryer, but not included. 28x32 Garage/barn on property for storage or possible extra income as seasonal storage (rental for boats etc.) Each Building with a basement for extra storage. There may also be potential room to expand here. Rents vary but average $550/1 bedroom and $625/2 bedroom. Tenants pay electric and gas, currently landlord pays city water/sewer, but units are separately metered, so that could change. Needs some TLC and that is why the price is so low.
Location
State MI
County Genesee
Area Linden
Zoning Commercial
Exterior
Road Frontage Paved
Building
Sewer Sewer-Sanitary
Water Other/None
Schools
School District Linden
Others
Tax ID 6117300008
SqFt Source Estimated
Financing Cash,Net Lease
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