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24965 Murray Harrison Twp, MI 48045
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Key Details
Sold Price $885,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,598 sqft
Price per Sqft $553
Subdivision Mi
MLS Listing ID 50019049
Sold Date 09/08/20
Style 2 Story
Bedrooms 14
Full Baths 7
Half Baths 7
Year Built 1994
Annual Tax Amount $21,718
Tax Year 2019
Lot Size 0.300 Acres
Acres 0.3
Lot Dimensions 236x165
Property Description
This well maintained 7 unit residential rental property is an excellent investment opportunity in Harrison Township. All 7 units are occupied by tenants who have all been renters for more than their initial 1 year lease, with 3 tenants being more than 5 years. Gross annual rents on current leases is 95,700. Operating expenses 30,303, net operating income 65,397 3 duplexes,1 single stand alone family home. 7 units total. Each unit has 2 bedrooms and 1.5 baths and a 1 car garage. The complex has been set up as a condo but no association has been set up. Owner will only sell as a package! Near 100% occupancy. Very little, if any turn over.Per public record sq footages range from 1445 to 1598 per unit. Separate meters for each unit. Tenant pays all utilities, owner cuts the lawn. Very spacious units great location across from the lake.Inspection and preview of each unit only available after acceptable offer has been submitted. Information deemed reliable but not Guaranteed
Location
State MI
County Macomb
Area Harrison Twp (50015)
Zoning Residential
Rooms
Dining Room Breakfast Nook/Room, Eat-In Kitchen
Kitchen Breakfast Nook/Room, Eat-In Kitchen
Interior
Heating Floor Furnace
Cooling Central A/C
Fireplace No
Exterior
Garage Attached Garage
Garage Spaces 7.0
Waterfront No
Building
Story 2 Story
Foundation Slab
Water Public Water
Schools
School District L'Anse Creuse Public Schools
Others
Ownership LLC
SqFt Source Assessors Data
Energy Description Natural Gas
Acceptable Financing Land Contract
Listing Terms Land Contract
Financing Cash,Conventional,Land Contract
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