Income Producing Property

Multi-Family for Sale
Catylist Listing ID: 30137795
Property Subtypes: Duplex/Fourplex
Number of Units: 1 Units
Building Size (RSF): 2,240 SF
Gross Building Area: See Agent
Sale Price: $205,500
Unit Price: $205,500 Per Unit
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/7/2017

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.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Livingston
Submarket/Township: Howell/Brighton Area
Tax ID/APN: 0515201019
Area Description: South of West Grand River / West of Cemetery Rd. Take I 96 to Exit 129. Head North to South Grand Ave. Home on Left.
Year Built: 1900
Construction/Siding: Vinyl Siding

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,149 8,006 15,855
Median Age: 35.47 35.12 37.1
Households: 1,630 2,991 5,905

Contact

Photograph of Listing Agent

Ron Kirk

RE/MAX Commercial Brokers
© Copyright Commercial Property Information Exchange (CPIX). All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.