Parma Vlg, MI 49269,12631 - 12 W MICHIGAN AVE
$230,000
$259,900
11.5%
Est.Price: ?

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7 BD
1.37 Acres Lot

12631 - 12 W MICHIGAN AVE Parma Vlg, MI 49269

Est. payment /mo
SOLD DATE : 07/31/2019

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Key Details

Sold Price $230,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 55021035254

Sold Date 07/31/19

Bedrooms 7

Originating Board Jackson Area Association of REALTORS

Year Built 1974

Annual Tax Amount $3,874

Lot Size 1.370 Acres

Acres 1.37

Lot Dimensions 150x400

Property Description

EXCELLENT INVESTMENT OPPORTUNITY - Well maintained, fully rented, 7 Unit Apartment Complex in Parma & Western School District. A unique investment opportunity with all units leased & gross rents totaling over $3,000 per month. Cedar Lane Apartments consists of two well maintained apartment buildings & carport structure on 1.3 acres. 12631 W. Michigan is located in the back & is a Bi-Level design with 2 apts up & 2 down. 12633 W. Michigan has 2 one bedroom apts down & 1 large 2BR apt up. Most of the units have long term tenants. Owner pays for trash removal, water softener rental, electricity for the common areas, & maintenance. Tenants pay their own utilities. Net income does not include management fees or maintenance. All leases run from Jan-June 2019. Minimum of 24-48 hour notice required for all showings; not all units may be available to view at the same time. Measurements are estimated. This incredible, turn key investment property won't last long - call today!

Location

State MI

County Jackson

Area Parma Vlg

Direction I-94 to Michigan Ave Exit 128; North of Exit

Interior

Heating Forced Air

Fireplace no

Heat Source Electric, Natural Gas

Exterior

Waterfront no

Road Frontage Paved

Garage no

Building

Foundation Slab

Sewer Septic-Existing

Water Well-Existing

Structure Type Brick,Wood

Schools

School District Western

Others

Pets Allowed Yes

Tax ID 000062632600405

SqFt Source Estimated

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Realcomp MLS
Listed by SHARON A HARRIS of Key Realty One
Bought with ERA Reardon Realty-Summit

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Dylan Tanaka

Broker Associate | License ID: 6506046373

+1(248) 609-3030

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