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896 N Huron Linwood, MI 48634
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Key Details
Sold Price $123,500
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $38
Subdivision Mi
MLS Listing ID 50078820
Sold Date 09/06/22
Style 1 Story
Bedrooms 8
Full Baths 5
Annual Tax Amount $1,554
Tax Year 2021
Lot Size 7.850 Acres
Acres 7.85
Lot Dimensions Irreg
Property Description
Unique and rare opportunity! 5 Individual rentals on 1 property. Each rental has its own storage shed. There are two 2 bedrooms,one 3 bedroom, two 1 bedroom rentals. Long term tenants, rents are low due to owner feeling they've been good long term tenants. Property was previously a trailer park with 50 sites, but now overgrown, future trailer parks or RV/campgrounds are not allowed. Located not far from Saginaw Bay. Wooded to rear of property. Tenants pay own gas & electric, owner pays water-which was $132 last quarter-not been higher than $200 per quarter, has septic. Square feet is a combination of units and only approximate. Lot size is irregular, survey on file. 3 BR Unit rents $450/month, $350 security deposit, been there approx 3 years. 2 BR small home $400/mo, $375 security deposit, been there since 2003. 2 BR trailer $400/mo, $300 security deposit, been there since 2003. 1 BR trailer rents for $450/month. 1 BR rents for $350/month. Rents are low and should be adjusted to market rates, but Seller has appreciated long term tenants. Seller pay $26.01/quarterly fee for sewer line on Huron Road, but has chosen not to connect. Would be required to connect if septic system were to fail in future, the assessment was paid in full in 2019. Per zoning official of Fraser Township, no new structures or trailers can be brought in and will need to be deed restriction, current rentals/trailer can be maintained, just no new ones allowed.
Location
State MI
County Bay
Area Fraser Twp (09004)
Interior
Heating Wall Heat, Forced Air
Fireplace No
Exterior
Exterior Feature Aluminum, Wood
Garage Detached Garage
Waterfront No
Building
Story 1 Story
Foundation Slab
Water Public Water
Structure Type Aluminum,Wood
Schools
School District Pinconning Area Schools
Others
Ownership Private
Energy Description Natural Gas
Acceptable Financing Land Contract
Listing Terms Land Contract
Financing Cash,Conventional,Land Contract
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