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3890 L.15 Lane Escanaba, MI 49829
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Key Details
Sold Price $530,500
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 6,608 sqft
Price per Sqft $80
Subdivision Mi
MLS Listing ID 50164993
Sold Date 01/20/25
Annual Tax Amount $6,077
Tax Year 2023
Lot Size 0.740 Acres
Acres 0.74
Lot Dimensions 261X300x118x136
Property Sub-Type Commercial/Industrial
Property Description
Located in Ford River Township, this fully rented 10-unit apartment complex offers a prime investment opportunity. The property features two parking structures, with each tenant assigned a parking stall. Eight of the units are two-bedroom apartments with tenant-paid electric, while two one-bedroom units are located at the basement level, offering walkouts to a concrete patio. Heating includes electric forced air for eight units and gas hot water (heat included) for the remaining two. Each unit is equipped with its own hot water heater, electrical panel, and secure basement storage. Additional amenities include a coin-operated laundry in the basement for tenant convenience and a 24x28 garage for owner storage and maintenance equipment. This property is well-maintained with several remodeled apartments.
Location
State MI
County Delta
Area Ford River Twp (21012)
Zoning Commercial,Residential
Interior
Heating Boiler, Electric Heat, Zoned Heating
Exterior
Parking Features 11-20 Spaces
Roof Type Asphalt,Shingles
Building
Lot Description Cleared
Foundation Slab
Water Public Water
Structure Type Brick,Stucco
Others
Ownership Private
SqFt Source Assessors Data
Energy Description Electric,Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Commercial Loan
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Bought with KEY REALTY DELTA COUNTY LLC