$123,500
$129,900
4.9%For more information regarding the value of a property, please contact us for a free consultation.
1942 68th Street Ganges Twp, MI 49408
4 Beds
2.31 Acres Lot
Key Details
Sold Price $123,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 71018041705
Sold Date 09/14/18
Bedrooms 4
Originating Board West Michigan Lakeshore Association of REALTORS
Year Built 1930
Annual Tax Amount $2,727
Lot Size 2.310 Acres
Acres 2.31
Lot Dimensions 280 x 340
Property Description
INVESTOR FIXER UPPER. Priced to sell as-is and ready for a $50,000 - $85,000 renovation project. All rents are potential numbers after the renovation is complete. Four units, (possibly 5) plus a full-sized barn for storage or parking. All previous (discounted) leases recently terminated and lower income tenants have moved on. Potential revenue for 4 units rented monthly equals approximately $26,000 per year. Potential revenue for 4 units rented seasonally equals approximately $37,000 per year. See attached spreadsheet. There is a fifth unit, but buyer needs to decide whether to restore, turn into storage, maybe a clubhouse, or demo. Additional revenues may be possible if new owner rents out barn space. Incredible investment opportunity for the right buyer!
Location
State MI
County Allegan
Area Ganges Twp
Direction M-89 to Blue Star Highway/68th St. S to address.
Interior
Heating Forced Air, Radiant
Fireplace no
Heat Source LP Gas/Propane
Exterior
Garage Spaces 6.0
Roof Type Composition,Other
Road Frontage Paved
Garage no
Building
Foundation Crawl, Slab, Michigan Basement
Sewer Septic-Existing
Water Well-Existing
Structure Type Aluminum,Wood
Schools
School District Fennville
Others
Pets Allowed Yes
Tax ID 0701700511
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Read Less
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
©2024 Realcomp II Ltd. Shareholders
Bought with RE/MAX Lakeshore