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375 N LIBERTY Street Belleville, MI 48111 9807
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Key Details
Sold Price $950,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,754 sqft
Price per Sqft $140
Subdivision Mi
MLS Listing ID 60166516
Sold Date 12/23/22
Style 2 Story
Full Baths 8
Year Built 1964
Annual Tax Amount $17,235
Lot Size 0.350 Acres
Acres 0.35
Lot Dimensions 80x140
Property Description
Location, Location, Location!!! Great opportunity to upgrade your investment portfolio. Fully occupied 8 units (four 2 bedrooms, four 1 bedroom) in Downtown Belleville. 6 out of 8 units are fully remodeled, new water heater (2019), new boiler (2020). 6 units feature private balconies and 2 feature porches. Updated plumbing and electrical. Laundry facility and additional storage space available in premises. About $150 income per month from laundry facility. Tenants paying for electrical, water, gas, trash, lawn cutting and snow removal (1 bed pays 11%, 2 beds pay 14% of the costs). Close to Ann Arbor and Metro Airport. Steps away to restaurants, shopping center, Belleville Lake, the new District Library, and Lower Huron Metro Park. Land contract available for 15 years with 50% down and 2% interest rate on the balance. No showings before accepting an offer. Please include proof of funds or pre-approval with your offer.
Location
State MI
County Wayne
Area Belleville (82112)
Zoning Multi-Family
Interior
Interior Features Cable/Internet Avail.
Heating Baseboard, Hot Water
Cooling Ceiling Fan(s), Wall/Window A/C
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 2 Story
Foundation Crawl
Water Public Water
Structure Type Brick
Schools
School District Van Buren Isd
Others
Ownership Private
Energy Description Natural Gas
Acceptable Financing Land Contract
Listing Terms Land Contract
Financing Cash,Conventional
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Bought with LPS