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MLS 322030
506 N Center Avenue Gaylord, MI 49735  

Four unit apartment building currently under renovation. Priced to be sold in an as-is condition, but seller is continuing the work to complete the renovation. Unit #4 is complete and occupied at $800 per month. Unit #3 is also complete and rented for $680. Rent projections for the other two units once complete are $750 and $700 per month. Gas and electric are all metered separately. New siding was just installed. Additional insulation was added in the attic and basement to increase efficiency and meet/exceed current building code.If the property does not sell before the project is completed and units are occupied owner will adjust the list price.
Price 149,900 Units: 4 Exterior:  Vinyl
Basement: Michigan Type: Fourplex School:
Business/Income: Income Property Construction: Frame Lot Size: 99x132

Exterior Features:
Electric Range
Interior Features:
Bilco Door

Listing Provided Courtesy of:
Smith Realty GROUP
1349 S. Otsego Ave, Ste. 9, Gaylord, MI 49735

Copyright 2013 Water Wonderland Board of Realtors (WWBR)
Listing provided by Water Wonderland Board of Realtors (WWBR), database last updated Thursday August 06, 2020
Water Wonderland Board of Realtors
Direct Link:  http://www.wwlx.net/2013/LakeShoreRealty/multifamily/index.php?view=322030