$255,000
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4760 N Lumberjack RD Riverdale, MI 48877
1,229 SqFt
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Sold
Purchase Type For Sale
Square Footage 1,229 sqft
Price per Sqft $192
Subdivision Sumner Township
MLS Listing ID 79080051381
Year Built 1930
Property Sub-Type MultiFamily
Property Description
This 4-Plex has a solid 20-year rental history and based on the current rents, produces almost $35,000 of gross annual income. This building was originally a church but in 2004 the ENTIRE property was remodeled. There are two 3 bedroom with 2 bathroom units that are two stories and feature things like second floor laundry and walk-in closets. The third unit is also two-story and has 2 bedrooms and 1 bathroom and the fourth is 2 bedroom and 1 bathroom that features one level living. All units have their own laundry, furnace, central air unit, water heater, septic, and utility meter. Tenants are currently month to month and pay their own utility costs. There is plenty of on-site parking and many other features that make this property a turnkey investment with enormous upside!
Location
State MI
County Gratiot
Area Area29051Sumnertwp
Interior
Heating ForcedAir, NaturalGas
Cooling CentralAir
Exterior
View Y/N No
Building
Foundation Block, CrawlSpace, Stone
Sewer SepticTank
Water Well
Schools
School District Alma
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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