Fennville, MI 49408,303 W 1st Street

$235,000

Est. payment /mo

$259,999

9.6%
Est.Price: ?

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303 W 1st Street Fennville, MI 49408

8,712 Sqft Lot

SOLD DATE : 05/26/2023

Key Details

Sold Price $235,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 71022049480

Sold Date 05/26/23

Originating Board West Michigan Lakeshore Association of REALTORS®

Year Built 1890

Annual Tax Amount $2,887

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 66x132

Property Description

Price change! Back on the market at no fault of the seller. Huge multi family with tons of potential in the city of Fennville. Currently set up as a duplex, but easy to convert back to a 3 or 4 plex. Unique opportunity for the savvy investor. One side is currently occupied by the seller - no tenants, which makes this a prime opportunity for the next owner. Updated electrical. Recent appraisal came in at 260k for the half that is occupied - leaving a huge upside for someone willing to put in the work to get the other side habitable. Most recent contractor estimates came in around 80-100k, with an estimated appraisal value of 450-500k. This will take a cash buyer, or some unique financing. Hurry and snag this wine country multi family before its too late! BATVAI See supplemental remarks.Have you ever wanted to break into the rental game and own your own multi-family property but don't know where to start? Are you willing to put in the sweat equity? Check out this opportunity for a current duplex with the ability to update the front house and create a 4plex. Back duplex is currently habitable, the front duplex needs to be rehabbed. Maybe this is not your dream home, but it could certainly be the path to your future dream home. Live in one unit and rent out the second unit while remodeling the 3rd and 4th unit. I understand this opportunity may not be for everyone, but if you are interested in living "almost free" while building your future rental portfolio, then give me a call. I have several lending partners standing by that are willing to do the owner/occupied financing or the construction/rehab loan that this property requires. Sellers are motivated! Call or text me for the details.

Location

State MI

County Allegan

Area Fennville

Direction M89 East to Rose St North. East on W 1St

Interior

Interior Features Cable Available

Heating Forced Air, Hot Water

Cooling Central Air

Fireplace no

Heat Source Electric, Natural Gas

Exterior

Garage Spaces 8.0

Roof Type Composition

Road Frontage Pub. Sidewalk

Garage no

Building

Foundation Crawl, Michigan Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Vinyl

Schools

School District Fennville

Others

Pets Allowed Yes

Tax ID 5210001600

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Realcomp MLS
Listed by Nathan Green of Greenridge Realty Holland
Bought with Five Star Real Estate
agent

Craig Ward

Agent | License ID: 382487

+1(248) 217-1905

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