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134 W Allegan Street, Otsego, MI 49078
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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!
- Utilities
- Natural Gas Available
- Natural Gas Connected
- Electricity Connected
- Heating Information
- Natural Gas
- Forced Air
- Parking
- Paved
- Shared Driveway
- Cooling Information
- Central Air
- Water Features
- Public
Listing Courtesy: Bellabay Realty (Middleville) - 269-795-3305. Presented by: Jenna Corson
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Market statistics compiled from data from Southwest Michigan Regional Information Center.
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$480,000
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