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119 E CASS Albion, MI 49224
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Key Details
Sold Price $440,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 40178896
Sold Date 09/01/21
Year Built 1900
Annual Tax Amount $1,395
Tax Year 20
Lot Size 0.610 Acres
Acres 0.61
Lot Dimensions 325x175
Property Sub-Type Multi-Family
Property Description
Located within walking distance to Albion College, this 19 unit property is available for its next investor. The property features 14 residential units, 5 commercial units, on-site coin operated laundry, management office, and maintenance workshop.. Property has CCTV coverage of exterior. Financials from 2020 demonstrate an estimated 11.8% CAP rate with room for growth. Property is along the river and has a park setting across the street. Location is walking distance to dining, entertainment, shopping, school, and more.
Location
State MI
County Calhoun
Area Albion (13021)
Interior
Heating Space Heater
Exterior
Exterior Feature Vinyl Siding, Wood
Building
Lot Description Sidewalks
Foundation Slab
Water Public Water
Structure Type Vinyl Siding,Wood
Schools
School District Marshall Public Schools
Others
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with Beiswanger and Risner RE Group