4195 N Weber RD Pending Save Request In-Person Tour Request Virtual Tour
Fruitland Twp,MI 49461
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Pending
Purchase Type For Sale
Square Footage 3,660 sqft
Price per Sqft $122
MLS Listing ID 65025002289
Year Built 1979
Property Sub-Type MultiFamily
Property Description
This rare opportunity for 6 good rental units under one much-improved 1970s building, is one to jump on! With 3 two bed units, and 3 one bed units, roof and siding new in 2020, all new exterior decking, stairs and sliders added by the current owner, the exterior is in great shape. Current owner has remodeled and updated 4 out of 6 units and brought rents up in all units. Two 2-bed units with longstanding tenants remain to be remodeled to maximize the potential of this great investment opportunity and bring up those rents to market value and a potential for a 9 % cap rate. Unit 6 has a small bonus room, that could be an office. 7th unit could be created from storage area. New drain field was put in Dec 2024. Coin-operated shared laundry brings in extra income.This property is only 3.9 miles from Duck Lake state park and commuting distance from large manufacturing plants Howmet Aerospace and Hilite. Reeths Puffer school district.
Location
State MI
County Muskegon
Area Area61061Fruitlandtwp
Interior
Heating Baseboard, Electric, ForcedAir, NaturalGas
Laundry CommonArea, InBasement, LaundryRoom
Exterior
Parking Features Asphalt,Paved
Utilities Available ElectricityConnected, NaturalGasConnected
View Y/N No
Roof Type Composition
Building
Lot Description CornerLot,Level
Foundation MichiganBasement
Sewer SepticTank
Water Well
Schools
School District Reethspuffer
Others
Acceptable Financing Cash, Other
Listing Terms Cash, Other