4-Plex apartment building fully occupied.Building was acquired in 2018. The current owner completely remodeled this former church building into 4 separate units, each a 3 bedroom 1 bath. Each unit is all electric with central HVAC heat pump, range, built-in microwave/filter hood, refrigerator, dishwasher, washer and dryer. Each kitchen has an island/bar with a great room style open living plan, utility closet, 3 nice sized bedrooms and large bathroom with tub/shower units with custom tile surround. Mostly vinyl plank flooring, the 2 main floor apartments have carpet in the bedrooms while the 2 basement apartments are all vinyl plank. 3 of the units have a covered porch/patio. Small yard on South side of building. Current rental income: $3,075/month, rents: $775, $850, $775, $675 with deposits on file and various lease ending dates. 3 units are currently month to month as they have been in over a year each, unit 3 lease good through 12/31/25 then becomes month to month. Tenants pay their own utilities, landlord provides trash ($62/month) and mowing.Electric plumbing and drain lines all updated prior to initial occupancy. Metal roof had been recently installed prior to current ownership. Gutters and downspouts, 13x18 storage room retained for management storage. Parking lot has 12 spaces.
Hoa: No
Baths Each Unit: 1
Roofing Material: Metal
Year Built: 1,975
Construction: Concrete Block
Transaction Type: Sale
Type of Tenancy: Monthly
Flood Insurance: Not Required
Bedroom Units Price: Over $400
Yearly Net Oper Inc: Over $25,000
Parking: Paved Area
Appliances: Oven/Range, Dishwasher, Dryer, Washer, Refrigerator, Microwave
Township: 27
Acres: 0.52
Lot Dimensions: 143x157.5
Section: 30
Inside City Limits: Yes
Deposits: Deposit Required
Foreclosure: No
View: No
Buildings: One Building, Two Stories
Streets: Asphalt
Zoning: Multi-Family
County: Howell
Property Type: B
View: City
Will Sell: Cash,1031 Exchange
Possession: At Closing
Sqft: 5,616
Sqft Finshd Unfnshd: 5000 or more
Bedroom Units Sqft: 1, 001 - 1, 500 SqFt
Tax Year: 2,024
Num Three Bedroom Units: 4.00
Num Units: 4
Unit Features: Washer/Dryer Hookup
Water: City Water
Heating: Heat Pump, Central
Cooling: Central, Ceiling Fans, Heat Pump
Sewer: City Sewer
Utilities: City, Separate Meters, Water, Sewer, High Speed Internet Access, Electricity
Lake River: None
Waterfront View: None
Courtesy of listing office Monark Realty
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