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Sold
  • $371,500

    6257 Bancroft Ave SE, Alto, MI 49302

    7beds
    3baths
    2,900sqft
    2 to 4 Units
    Built in 1881
    -- sqft lot
    $420,700 Zestimate®
    $128/sqft
    $1,578 Estimated rent

    Home value

    $420,700

    $395,000 - $450,000

    $1,578/mo

    Zestimate® history
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    $2,338/mo

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    What's special

    🏢 Prime Investment Opportunity in Alto, MI Welcome to 6257 Bancroft, where an exceptional 3-unit rental property awaits astute investors searching for a strategic addition to their portfolio. This property presents an impeccable blend of stability, convenience, and profit potential. With a proven tenant history and an impressive annual rent income of $38,220, this investment gem guarantees both immediate cash flow and enduring value appreciation. Property Overview: Discover the advantages of this property, which comprises three effortlessly manageable units. Comprising two 2-bedroom units and one 3-bedroom unit, this layout caters to a variety of tenant preferences. The prime location directly across from Alto Elementary School and easy access to I-96 add to the proper desirability. Features and Benefits:  Strategic Unit Configuration: The property boasts two 2-bedroom units and a spacious 3-bedroom unit, optimizing flexibility and attracting a diverse range of tenants.  Convenient Location: Situated right across the street from Alto Elementary School and offering quick access to I-96, the property's location is tailored for tenant convenience and long-term demand.  Professional Management: With a dedicated property manager overseeing operations, you can trust that this investment is expertly maintained, ensuring hassle-free ownership.  Solid Tenant History: A track record of exceptional tenant satisfaction is supported by established leases in place, enhancing the property's reliability and income stability.  Investor's Dream: Whether you're a seasoned real estate investor or embarking on your investment journey, this property provides a golden opportunity to tap into a robust rental market and secure consistent rental income.

    Zillow last checked:

    Listing updated:

    Listed by:

    Joshua M McCracken 616-250-7635,

    Greenridge Realty (Lowell)

    Bought with:

    James VanOtteren, 6501378767

    Five Star Real Estate (M6)

    Source: MichRIC,MLS#: 23031847MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 3
    Heating
    • Hot Water
    Cooling
    • None
    Features
    • Basement: Full
    Interior area
    • Total interior livable area: 2,900 sqft

    Property

    Parking
    • Total spaces: 10
    Lot
    • Size: 1 Acres
    • Dimensions: 165 x 245
    • Features: Wooded
    Details
    • Parcel number: 412404176010
    • Zoning description: Residential

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 2 to 4 Units
    Materials
    • Wood Siding
    • Roof: Composition
    Condition
    • New construction: No
    • Year built: 1881

    Utilities & green energy

    • Water: Well
    • Utilities for property: Natural Gas Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

    Community & HOA

    Location
    • Region: Alto

    Financial & listing details

    • Price per square foot: $128/sqft
    • Tax assessed value: $85,489
    • Annual tax amount: $4,304
    • Date on market: 8/28/2023
    • Listing terms: Cash,Conventional
    • Tenant pays: Electricity, Gas
    • Electric utility on property: Yes
    • Road surface type: Paved

    Price history

    DateEventPrice
    10/31/2023Sold$371,500+3.2%$128/sqft
    Source: MichRIC #23031847 Report a problem
    10/16/2023Pending sale$359,990$124/sqft
    Source: MichRIC #23031847 Report a problem
    10/3/2023Price change$359,990-4%$124/sqft
    Source: MichRIC #23031847 Report a problem
    8/28/2023Listed for sale$375,000+102.7%$129/sqft
    Source: MichRIC #23031847 Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    10/21/2017Listing removed$185,000$64/sqft
    Source: Owner Report a problem
    8/13/2017Listed for sale$185,000+18.6%$64/sqft
    Source: Owner Report a problem
    9/30/2014Sold$156,000+26.2%$54/sqft
    Source: Public Record Report a problem
    11/29/2006Sold$123,600$43/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,908 $183,700 +13.7%
    2024-- $161,600 +44%
    2021$3,330 $112,200 +8.2%
    2020$3,330 +2.1%$103,700 +0.4%
    2019$3,260 $103,300 +25.1%
    2018-- $82,600 +6.2%
    2017-- $77,800 +2.8%
    2016-- $75,700
    2015-- $75,700 +13.8%
    2013-- $66,500 +6.7%
    2011-- $62,300 -24.5%
    2010-- $82,500 +33.1%
    2009-- $62,000 -2.2%
    2007-- $63,400 -16.9%
    2006-- $76,300 +11.9%
    2005-- $68,164 +3.3%
    2004-- $65,987 +6.2%
    2002-- $62,123 +3.2%
    2001-- $60,197
    Find assessor info on the county website

    Neighborhood: 49302

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $420,700
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $420,700