Six unit investment property with full occupancy already in place. Four two-bedroom units, and two one-bedroom units with large parking lot and property behind. All units have deck or patios for outdoor use with all utilities separate. Landlord pays for sewer and water. Great ROI and Cap rate. 48 hour notice to show for certain units.
Six unit investment property with full occupancy already in place. Four two-bedroom units, and two one-bedroom units with large parking lot and property behind. All units have deck or patios for outdoor use with all utilities separate. Landlord pays for sewer and water. Great ROI and Cap rate. 48 hour notice to show for certain units.
REALCOMP #2210018924
May 27, 2021
Pending
—
May 27, 2021
Sold
$432,500
$96/sq ft
Apr 12, 2021
Contingent
—
Mar 22, 2021
Listed
$450,000
$100/sq ft
Greater Lansing AoR #20594350
Apr 2, 2015
Sold
$251,000
$56/sq ft
Apr 2, 2015
Sold
$251,000
$56/sq ft
Jan 22, 2015
Listing Removed
—
Dec 15, 2014
Listed
$256,000
$57/sq ft
Dec 15, 2014
Listed
$256,000
$57/sq ft
REALCOMP #214127790
Apr 2, 2015
Sold
$251,000
$56/sq ft
Dec 15, 2014
Listed
$256,000
$57/sq ft
MiRealSource-MiMLS #20590518
Oct 20, 2011
Listing Removed
—
May 21, 2010
Listed
$525,000
$116/sq ft
MiRealSource-MiMLS #31006730
Oct 21, 2011
Listing Removed
—
May 21, 2010
Listed
$525,000
$116/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
—
Baths
—
Stories
—
Lot width
220 ft.
Lot depth
660 ft.
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Lapeer County
APN
—
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Apr 9, 2023.
Property details
Interior
Interior Features
Interior Features: Dsl Available
Bathroom Information
# of Bathrooms (Full): 6
# of Baths/Lavatories (Total): 6
Laundry/Basement Information
Basement Type: Poured
Mult-Unit Information
# of Units (Total): 6
Net Operating Income: $35,100
Net Operating Income: 35100
Unit 1 Information
Rent Rate: $625
Unit 2 Information
Rent Rate: $625
Unit 3 Information
Rent Rate: $730
Unit 4 Information
Rent Rate: $730
Unit 5 Information
Rent Rate: 750
Unit 6 Information
Rent Rate: $750
Exterior
Exterior Features
Exterior Construction: Vinyl Siding
Exterior Features: Deck, Patio, Exterior Balcony
Foundation Type: Slab
Property Information
Property Type: Multi-Family
Structure Style: 2 Story
Styles: Bungalow
Year Built: 1979
Lot Information
Zoning: Multi-Family
Land Information
Acreage: 3.36
Roads: Paved Street
Frontage: 220
Financial
Tax/Assessments Information
Taxable Value: $131,266
Total Tax Amount: $8,413
Summer Tax Amount: $7,382
Winter Tax Amount: $1,031
Lease/Rent Information
Has Lease
Lease Information: Water Included
Utilities
Utility Information
Water: Public Water
Cooling System: Ceiling Fan(S)
Fuel Type: Natural Gas
Heating System: Forced Air
Sewer Septic: Public Sanitary
Location
Homeowners Association Information
Community Amenities: Laundry Facility, Private Entry
School Information
School District: Imlay City Community Schools
School District: Imlay City Community Schools
Address Information
Street Designation: Road
Location Details
Directions: South of Imlay City Rd/ Old M and West of N. Van Dyke
Municipality Type: City
Municipality: Imlay City
Mail City: Imlay City
Municipality: Imlay City
Area (Municipality): Imlay (44027)
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Lapeer County
APN: —
Home facts updated by county records on Apr 9, 2023
Other
Listing Information
Originating MLS: RealComp
Around this home
Schools
Weston Elementary School
Public PreK-2 • Assigned • 0.7mi
Imlay City Middle School
Public 6-8 • Assigned • 0.7mi
7/10
Imlay City High School
Public 9-12 • Assigned • 1.1mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Imlay City, MI • 48444 1030
Average low and high temperatures (°F)
27
14
33
17
50
29
60
38
67
45
80
57
85
62
81
57
77
53
67
43
50
35
36
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.2 hours in
June and 2.3 hours in December, placing it below the
U.S. average for solar exposure.