3231 RAY Road Pending Save Request In-Person Tour Request Virtual Tour
Fenton,MI 48430 9762
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 3,477 sqft
Price per Sqft $244
Subdivision Mi
MLS Listing ID 60023425
Style 1 1/2 Story
Full Baths 5
Year Built 1900
Annual Tax Amount $6,552
Lot Size 21.590 Acres
Acres 21.59
Lot Dimensions 435 x 1385 x 679 x 1133 x
Property Description
Five (5) unit apartment building on 21.59 acres with room for expansion. This property also has a 5,000 sq pole barn that has a concrete floor, electricity, spray foam insulation ($30,000), a bathroom, and an office. The pole barn is not rented and can provide extra income of approximately $2,500.00 per month. For additional income, there is also a billboard which currently receives $750.00 per month for one side and $4,500.00 per year for the other. In addition to that, this 21.59 acre property has approximately 1,385 feet of frontage on US-23, and approximately 20 acres for farming with income of approximately $900.00 per year. Some updates in the farmhouse include some new flooring, bathroom tile and paint. This is an excellent investment opportunity. CITY WATER IS COMING TO THOMPSON RD THIS SUMMER & TORREY RD NEXT SUMMER! DO NOT DISTURB THE TENANTS! ALL RESIDENTIAL UNITS ARE OCCUPIED! NO SHOWINGS WITHOUT AN ACCEPTED OFFER. All information is estimated and should be verified.
Location
State MI
County Genesee
Area Fenton Twp (25005)
Zoning Agricultural
Rooms
Basement Block
Interior
Heating Forced Air,Hot Water
Fireplace No
Exterior
Exterior Feature Other,Vinyl Siding
Building
Story 1 1/2 Story
Foundation Crawl
Water Private Well
Structure Type Other,Vinyl Siding
Schools
School District Lake Fenton Schools
Others
Ownership Private
Energy Description LP/Propane Gas
Financing Cash,Conventional