Parma, MI 49269,12631 - 12633 W MICHIGAN AVE

$230,000

$259,900

11.5%
Est.Price: ?

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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

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

GET MORE INFORMATION

JEFF HIGGINS

Managing Partner | License ID: 6506046014

+1(248) 233-6165

280 North Old Woodward Avenue, Suite 100, Birmingham, MI, 48009, United States

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