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504(06, 31, 32, 80, 81, 93) Bay Run Chesterfield Twp, MI 48047
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Key Details
Sold Price $768,000
Property Type Multi-Family
Sub Type Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,120 sqft
Price per Sqft $685
Subdivision 23 East Townhouses
MLS Listing ID 2220011539
Sold Date 04/11/22
Style Townhouse
Bedrooms 6
Full Baths 6
Half Baths 6
Originating Board Realcomp II Ltd
Year Built 1991
Annual Tax Amount $9,148
Lot Dimensions 10X10X10X10
Property Description
Awesome investment opportunity! 6 condo units in 23 east condo complex. 7.9% CAP RATE. Gross annual rental income $86,400. 4 units are rented at $1150/mo with room to increase. 2 units are rented at $1300/mo. Annual taxes for all units is $9,157.28. Annual HOA is $13,680. Many tenants have been in place for 3+ years. 4 tenants in a month-to-month contract. Other 2 tenants in a 1 year contract. All units are premium corner or woods facing units.
Location
State MI
County Macomb
Area Chesterfield Twp
Zoning Residential
Direction 23 mile south onto Donner Rd left into 23 east condo complex
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central Air
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 1.0
Roof Type Asphalt
Road Frontage Paved
Garage no
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Community
Architectural Style Townhouse
Level or Stories 2 Story
Structure Type Brick,Vinyl
Schools
School District Lanse Creuse
Others
Pets Allowed Yes
Ownership Broker/Agent Owned,Short Sale - No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with Max Broock, REALTORS®-Birmingham