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Key Details
Sold Price $325,000
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Municipality Otsego City
MLS Listing ID 22047457
Sold Date 11/23/22
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1900
Annual Tax Amount $7,805
Tax Year 2022
Lot Size 0.310 Acres
Acres 0.31
Lot Dimensions 80 X 165
Property Description
**OPEN HOUSE SATURDAY NOV. 12TH FROM NOON- 2PM**
Great Investment Opportunity in the charming city of Otsego! This 6 unit property sits on a corner lot, is within walking distance to the downtown area, and close to the highway.
The main building has 5 large units, 4- 2 bed, 1 bath units and 1-1 bed, 1 bath unit. The 6th unit (209 S. Fair Street) is a separate building with 1 bedroom and 1 bath.
Seller installed a laundry room in 2020. You can change the washer & dryer to coin operated and have another source of income. 3 units have long term tenants. Roof new in 2020 and new exterior stairs in 2022.
This is an awesome opportunity to add to your portfolio before the end of the year!
Location
State MI
County Allegan
Area Greater Kalamazoo - K
Direction From US-131 & M-89; W on M-89; S on Fair St to Home on the Corner.
Rooms
Basement Partial
Interior
Heating Hot Water, Natural Gas
Fireplaces Number 2
Exterior
Waterfront No
View Y/N No
Roof Type Composition
Street Surface Paved
Total Parking Spaces 8
Building
Lot Description Corner Lot
Sewer Public Sewer
Structure Type Vinyl Siding
New Construction No
Schools
School District Otsego
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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United Country Midwest Lifestyle Properties
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