Land contract terms to creditable buyer - 10% down, 7-8% interest, 3 to 5 year balloon. Well maintained 7-unit, fully occupied property. Income producer! Seller willing to do 2nd mortgage to offset down payment. Many new improvements: recent boiler, 2 water heaters, water softener (plumbed into boiler), some vinyl siding and soffits, electrical updates, and some new low-E windows. New city water line into property from street. Fresh exterior paint, concrete parking lot, storage shed and 14-HP Lawn Boy tractor included. Very good rental history, rent paid by the week. $300 Security per unit. Chicago Rd (US 12). No sign on property.
Multi-familyProperty Type
1850Year Built
0.42 acresLot Size
13 spacesParking
Listed by 'A House-Sold Name' Bertolissi• Berkshire Hathaway HomeServices MI
Bought with 'A House-Sold Name' Bertolissi• Berkshire Hathaway HomeServices MI