$400,000
$415,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
414-420 LAKE NEPESSING Road Elba Twp, MI 48446
3,480 SqFt
Key Details
Sold Price $400,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,480 sqft
Price per Sqft $114
MLS Listing ID 2210101063
Year Built 1978
Annual Tax Amount $6,170
Lot Size 0.860 Acres
Property Description
A Fantastic opportunity and investment, with great cash flow & location. A Fully leased, Brick office building located right off the I-69 Business corridor. Building completely updated in 2020-2021, w/ new roof, resurfaced parking lots, remodeled interiors with new lighting fixtures, bathrooms, flooring, paint, etc. The mechanical systems for each of the units have new water heaters, furnaces & air conditioners serviced & updated as needed with programable thermostats.
Has Gross rents of $61,200 a year, a money maker from the get-go. Don't wait on this great investment.
Location
State MI
County Lapeer
Area Elba Twp
Zoning Office
Interior
Hot Water Electric
Heating Forced Air, Packaged Heat/Cool
Exterior
Utilities Available Utility Smart Meter, 220V Available
Roof Type Rubber,White Roof
Building
Foundation Basement
Sewer Septic Tank (Existing)
Water Well (Existing)
Structure Type Brick
Schools
School District Lapeer
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Full Service
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Bought with Unidentified Office