16 unit multi-family property offering a fantastic investment opportunity. 14 of 16 units currently rented at less than market rents so there is room for value add. Owner is willing to do seller financing and the current mortgage is assumable with a 6.11% interest rate. There are 11 units with 2 bedroom and 1 bath and 5 units with 1 bedroom, 1 bath. The majority of the units have interiors that have been recently renovated. The property is conveniently located near Parchment High School and Elementary School along with numerous manufacturing companies and easy access to Gull Road. Don't miss out!
27 days
|
440
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30
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Zillow last checked:
Listing updated:
Listed by:
Connor Anderson616-648-6353,
ReSIDE Grand Rapids616-419-9637
Source: MichRIC,MLS#: 26032526
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
Heating
Baseboard, Hot Water
Cooling
Wall Unit(s)
Features
Basement: Full
Interior area
Total interior livable area: 1,032 sqft
Property
Parking
Total spaces: 32
Lot
Size: 0.86 Acres
Features: Level
Details
Parcel number: 0602201040
Zoning description: R-MUL
Construction
Type & style
Home type: MultiFamily
Property subtype: 5+ Units
Materials
Vinyl Siding
Roof: Composition
Condition
New construction: No
Year built: 1973
Utilities & green energy
Sewer: Public Sewer
Water: Private
Utilities for property: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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