Income Producing Property
|Catylist Listing ID:
|Number of Units:
|Building Size (RSF):
|Gross Building Area:
||$205,500 Per Unit
|Property Use Type:
||Cash to Seller
Overview / Comments
Hard to find large duplex in the heart of downtown Fowlerville. Nice corner lot with partially fenced yard with an oversize 2.5 car garage for the landlords use. Section 8 compliant, this duplex features one, 4 bedroom, 1.5 bath unit and one 3 bedroom , 1 bath unit. Net operating income = $22,265 annually = 10.12% cap rate. Long term tenants just renewed leases. 3 bedroom = $1,275 per month, 4 bedroom = $1,225 per month. Home features newer siding, windows, furnaces all within the last 15 years. Notice to show please, no lock box. 24 hour notice to show. Rent includes ; electric, trash pick up, heat, water / sewer.
||South of West Grand River / West of Cemetery Rd. Take I 96 to Exit 129. Head North to South Grand Ave. Home on Left.
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