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134 W Allegan Street, Otsego, MI 49078

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Listing Type
Commercial/Industrial
Listing Status
active
23
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$480,000

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Home Details for 134 W Allegan Street
Price
$480,000
Type
Commercial/Industrial
Total Bathrooms
6
Full Bathrooms
6
Year Build
1914
Lot Size
0.1
County
Allegan
Tax
$9,036.91
MLS®️ Listing#
25022992
On exitrealty.com
176 days
Property Description
Looking for a Great Investment Opportunity with a 9% Cap Rate or Return on Investment, Passing Environmental & Open Book Rent Roll for tenants & Expenses? Look no farther! The sellers did all the work for you! The Building has new flat roof on both buildings, New commercial doors, new updated commercial space that rents 5 separate units as office space to individuals, 3 apartments with long term tenants, & additional commercial space that holds a 3 year lease.There is room to grow! This property brings in over $5,000/month 3 small offices each $465 month 2 larger offices each $500 month Apt 1 Brings in $1,000/month Apt 2 Brings in $950/month Apt A Brings in $1,250/month Taxes are $9,000 yr Owners pay for Water & Trash Only. No Yard Maintenance. No Snow Removal. Public Parking!
Property Features
Listing Courtesy: Bellabay Realty (Middleville) - 269-795-3305. Presented by: Jenna Corson
mls_iconThe properties on this web site come in part from the Broker Reciprocity Program of the Member MLS’s of the Southwestern Michigan Regional Information Center. Information Deemed Reliable But Not Guaranteed. © 2025 Southwestern Michigan Regional Information Center, LLC. All rights reserved.
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Market statistics compiled from data from Southwest Michigan Regional Information Center.
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EXIT REALTY 1ST
2755 W. Michigan Ave, Jackson , MI 49202
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$480,000

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EXIT REALTY 1ST
2755 W. Michigan Ave, Jackson , MI 49202
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