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.
Business/Income: Income Property
Lot Size: 99x132
Dryer Refrigerator Washer GasRange/Oven Electric Range
Listing Provided Courtesy of:
Smith Realty GROUP 1349 S. Otsego Ave, Ste. 9, Gaylord, MI 49735