Bowne Twp, MI 49302,6257 Bancroft Avenue SE

$359,990

Est. payment /mo
Est.Price: ?

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6257 Bancroft Avenue SE Bowne Twp, MI 49302

3 Beds

1 Acres Lot

SOLD DATE : 10/31/2023

Key Details

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 65023031847

Bedrooms 3

Year Built 1881

Annual Tax Amount $4,304

Lot Size 1.000 Acres

Property Description

nÅó Prime Investment Opportunity in Alto, MI Welcome to 6257 Bancroft, where an exceptional 3-unit rental property awaits astute investors searching for a strategic addition to their portfolio. This property presents an impeccable blend of stability, convenience, and profit potential. With a proven tenant history and an impressive annual rent income of $38,220, this investment gem guarantees both immediate cash flow and enduring value appreciation.Property Overview:Discover the advantages of this property, which comprises three effortlessly manageable units. Comprising two 2-bedroom units and one 3-bedroom unit, this layout caters to a variety of tenant preferences. The prime location directly across from Alto Elementary School and easy access to I-96 add to the properdesirability.
Features and Benefits:
Strategic Unit Configuration: The property boasts two 2-bedroom units and a spacious 3-bedroom unit, optimizing flexibility and attracting a diverse range of tenants.
Convenient Location: Situated right across the street from Alto Elementary School and offering quick access to I-96, the property's location is tailored for tenant convenience and long-term demand.
Professional Management: With a dedicated property manager overseeing operations, you can trust that this investment is expertly maintained, ensuring hassle-free ownership.
Solid Tenant History: A track record of exceptional tenant satisfaction is supported by established leases in place, enhancing the property's reliability and income stability.
Investor's Dream: Whether you're a seasoned real estate investor or embarking on your investment journey, this property provides a golden opportunity to tap into a robust rental market and secure consistent rental income.

Location

State MI

County Kent

Area Bowne Twp

Zoning Residential

Interior

Heating Hot Water

Exterior

Garage Spaces 10.0

Roof Type Composition

Building

Sewer Public Sewer (Sewer-Sanitary)

Water Well (Existing)

Structure Type Wood

Schools

School District Lowell

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Realcomp MLS
Listed by Joshua M McCracken of Greenridge Realty (Lowell)
Bought with Five Star Real Estate (M6)
Charles Laird

Charles Laird

Broker Associate | License ID: 6502364516

+1(248) 431-0544

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