$195,000
$200,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
12506 TUSCOLA Road Vienna Twp, MI 48420
3 Beds
3 Baths
3,080 SqFt
Key Details
Sold Price $195,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,080 sqft
Price per Sqft $63
MLS Listing ID 2220012906
Style Triplex
Bedrooms 3
Full Baths 3
Annual Tax Amount $3,007
Lot Size 0.770 Acres
Property Description
Rental demand is UP! What a fantastic opportunity to invest in a proven winner! This tri-plex has a great track record for an impressive ROI, is fully leased & has lots of updates already done! Gross Rents are over $30,000 a year! Less than 4% vacancy rate in last 7 years w/ long term tenants. Main furnace, Hot water heater & AC are new. Regular maintenance is done and updates incl flooring, paint, baths & appliances as needed. Collecting rents is hassle free as all tenants use electronic deposit. Tons of parking for tenants, guests & over 3/4 acre lawn! Owners have kept meticulous records of profits, expenses & maintenance. The apartments are each unique & Charming. Unit A is a favorite w/ 2 beds, Tall ceilings, Diningroom, private porch & Laundry access in Basement. Unit B is 3 bed w/ 2 private entries, balcony & cute snackbar. Unit C only shares 1 wall, has ground floor entry, huge upstairs bedroom & private porch. Owners gets calls from former tenants asking to get back in!
Location
State MI
County Genesee
Area Vienna Twp
Zoning Multi-Family
Interior
Heating Forced Air
Cooling Ceiling Fan(s), Central Air, Window Unit(s)
Building
Foundation Crawl, Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Well (Existing)
Structure Type Aluminum
Schools
School District Clio
Others
Assessment Amount $410
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with K W Peterson & Associates