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1500 Ottawa Beach Road Holland, MI 49424
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Key Details
Sold Price $5,050,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 82,800 sqft
Price per Sqft $60
Subdivision Mi
MLS Listing ID 70152261
Sold Date 10/15/20
Year Built 1990
Annual Tax Amount $24,862
Tax Year 2020
Lot Size 6.150 Acres
Acres 6.15
Lot Dimensions IRR
Property Description
North Park Place Apartments at 1500 Ottawa Beach Road offers a well maintained apartment complex to buyers looking to add a consistent, cash flowing property to a real estate portfolio. Investors will find that the garden-style apartments consist of seven (7) buildings with a total of 59 units; 3 one-bed, one-bath units of 740 square feet, 16 units with 2 bedrooms 1 bath of 962 square feet, 28 units with 2 bedroom 2 bath of 1,032 square feet and the remaining 12 units are 3 bedroom 1.5 bath at 1,082 square feet. The property, which is 96% occupied and leased at 98.2%, was renovated in 2018 and updated in 2020, and current ownership has maintained annual upgrades to the facility.
Location
State MI
County Ottawa
Area Park Twp (70010)
Rooms
Basement Egress/Daylight Windows
Interior
Heating Forced Air, Hot Water
Exterior
Exterior Feature Brick, Vinyl Siding
Parking Features Additional Garage(s)
Building
Water Public Water
Structure Type Brick,Vinyl Siding
Schools
School District West Ottawa Public School District
Others
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional
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Bought with Five Star Real Estate (Grandv)