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: 2/28/2018

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


Photograph of Listing Agent

Ron Kirk

RE/MAX Commercial Brokers
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