Bought with Non Member Office • NON-MLS MEMBER OFFICE
$240,000
$299,900
20.0%For more information regarding the value of a property, please contact us for a free consultation.
3520 W Monroe Road Alma, MI 48801
4,000 SqFt
Key Details
Sold Price $240,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $60
Subdivision Mi
MLS Listing ID 1893756
Sold Date 01/21/22
Year Built 1970
Lot Size 1.840 Acres
Acres 1.84
Lot Dimensions 165 x 497.5
Property Description
GREAT OPPORTUNITY!!! THIS PROPERTY HAS A WELL PREFORMING DUPLEX AND 24 STORAGE UNITS ALL ON 1.88 ACRES. THE DUPLEX HAS LONG TERM TENANTS, EACH UNIT IS 2 BEDROOM, 1 BATH AND IS LEASED FOR $500 EA. THE UNITS ARE IN GOOD REPAIR AND TENANTS PAY FOR UTILITIES. THE STORAGE BUSINESS HAS 20- 10X20 UNITS THAT RENT FOR $65/MO AND 4- 10X10 UNITS THAT RENT FOR $40/MO. ALL UNITS ARE OCCUPIED AND HAVE A HISTORY OF ONLY A BRIEF VACANCY BEFORE A UNIT IS FILLED AGAIN. BOTH BUILDINGS HAVE METAL ROOFS AND VINYL SIDING FOR LOW MAINTENANCE. NEARLY $30K OF POTENTIAL GROSS ON THE PROPERTY EACH YEAR
Location
State MI
County Gratiot
Zoning Commercial
Rooms
Basement Crawl Space, Slab
Interior
Heating Forced Air
Cooling Forced Air
Exterior
Exterior Feature Vinyl
Roof Type Metal
Present Use Other,Mini-Storage
Road Frontage Public Maintained
Building
Sewer Private Septic
Water Private Well
Others
Tax ID 12 021 019 10
Ownership Private Owner
Acceptable Financing Conventional Mortgage, Commercial Loan, Cash
Listing Terms Conventional Mortgage, Commercial Loan, Cash
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