$1,100,000
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31245 KRAUTER ST Garden City, MI 48135
22 Beds
20,480 SqFt
Key Details
Property Type Commercial
Sub Type Apartments
Listing Status Sold
Purchase Type For Sale
Square Footage 20,480 sqft
Price per Sqft $40
Subdivision Birch-Lawn Sub
MLS Listing ID 215122800
Bedrooms 22
Year Built 1968
Annual Tax Amount $20,645
Lot Size 0.900 Acres
Property Sub-Type Apartments
Property Description
ABSOLUTELY STELLAR INVESTMENT!! YOU CANNOT BEAT IT ON THE CORNER OF FORD AND MERRIMAN IN GARDEN CITY, THIS FULLY OCCUPIED, 23 UNIT APARTMENT BUILDING IS MAINTENANCE FREE!! PURCHASE AND START PROFITING, $111,990 PER YEAR NET CONSISTENTLY AFTER ALL EXPENSES PAID!! PROPERTY HAS BEEN EXTREMELY WELL MAINTAINED BY OWNER WITH A BRAND NEW ROOF REPLACED IN 2014, FULLY REPAVED PARKING LOT (2011), NEW FENCE (2012), ALL NEW HALLWAY WINDOWS (2012), ALL EXTERIOR DOORS (2003), NEW INTERCOM SYSTEM (2005), ALL BALCONIES AND RAILS (2007), ALL WINDOWS AND PATIO DOORS THROUGHOUT ENTIRE COMPLEX (1998), 48 CAR CARPORT IN PARKING LOT.. AND 80% OF UNITS HAVE HAD UPDATED KITCHENS, UPDATED TILE, AND UPDATED INTERIOR FLOORING! IT DOES NOT GET MUCH BETTER THAN THIS A 100% OCCUPIED BUILDING VERY WELL TAKEN CARE OF BY SAME OWNER FOR ALMOST 30 YEARS WITH HUNDREDS OF THOUSANDS WORTH OF UPGRADES!! ALL LEASES, RENT ROLLS, P & L STATEMENTS IMMEDIATELY AVAILABLE FOR QUALIFIED BUYERS. TURN KEY MUST SEE!
Location
State MI
County Wayne
Area Garden City
Zoning Residential
Interior
Hot Water Natural Gas
Heating Baseboard
Building
Foundation Basement
Sewer Sewer at Street, Sewer-Sanitary
Water Municipal Water, Water at Street
Structure Type Brick
Schools
School District Garden City
Others
Assessment Amount $36
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Full Service
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