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5230 Pointe Dr East China, MI 48054
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Key Details
Sold Price $700,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,734 sqft
Price per Sqft $122
Subdivision Mi
MLS Listing ID 21483178
Sold Date 09/08/21
Style 2 Story
Full Baths 16
Year Built 1980
Annual Tax Amount $797
Lot Dimensions 100x200
Property Sub-Type Multi-Family
Property Description
East China Township Michigan 16 Unit Investment Property. Broken down as 2 - 2 story 8 unit buildings. EACH well maintained building inc 2 attached buildings with 8 units total. 4 units up,4 units down. Each has 1 bedroom, 1 bath, laundry closet, 2 storage closets, Living room, kitchen with stove and refrigerator. Total 16 units. Each unit has its own individual tax parcel ID. So this could be converted to condos at some point and sold. The Sale includes 5230 Pointe Dr, Units A,B,C,D; 5232 Pointe Dr, Units A,B,C,D; and 5236 Pointe Dr, Units A,B,C,D; 5238 Pointe Dr, Units A,B,C,D. Tenants are month to month. Some have been there for years are paying $450 mo; recent tenants are paying $500 mo. Tenants pay security, their own water and electric. Owner pays common hall electric. snow removal, lawn cutting, exterior maintenance. Mail boxes are on premises, ample parking. Upper units have balconies, lower units have patios. Can be purchased for $900,000 if closed within 30 days.
Location
State MI
County St. Clair
Area East China Twp (74016)
Zoning Multi-Family
Rooms
Basement Poured
Interior
Heating Baseboard, Electric Heat
Cooling Wall/Window A/C
Exterior
Exterior Feature Brick, Vinyl Siding
Building
Story 2 Story
Foundation Slab
Water Public Water
Structure Type Brick,Vinyl Siding
Schools
School District East China School District
Others
Ownership Private
Energy Description Electric
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional
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