$553,000
$550,000
0.5%For more information regarding the value of a property, please contact us for a free consultation.
11,004 SqFt
SOLD DATE : 03/07/2025
Key Details
Sold Price $553,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,004 sqft
Price per Sqft $50
Subdivision Mi
MLS Listing ID 24048171
Sold Date 03/07/25
Year Built 1978
Annual Tax Amount $14,200
Tax Year 2024
Lot Size 1.300 Acres
Acres 1.3
Lot Dimensions 390x145
Property Sub-Type Multi-Family
Property Description
Located in popular Western School District, this 12 unit property is available for its new owner operator. Current CAP Rate approx. 11%. Growth potential to drive CAP Rate higher. Each building provides four units. Each unit provides living room, kitchen with appliances, two bedrooms, and one bathroom. Ample parking space for all tenants. 8 units updated in the last year. Large yard area for entertaining. Property offers easy access for eastbound and westbound commuters.
Location
State MI
County Jackson
Area Sandstone Twp (38014)
Zoning Commercial
Interior
Heating Baseboard, Forced Air
Exterior
Exterior Feature Vinyl Siding
Building
Foundation Slab
Water Public Water
Structure Type Vinyl Siding
Schools
School District Western School District
Others
Energy Description Electric,Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional,Exchange/Trade,Land Contract
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with BNR Real Estate Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "