5236 Pointe Dr #5238 Pointe Drive, 5230 Pointe Drive, 5232 Point
East China, MI 48054

$1,000,000

Description

East China Township Michigan 16 Unit Investment Property. Broken down as 2 - 2 story 8 unit buildings. EACH well maintained building inc 2 attached buildings with 8 units total. 4 units up,4 units down. Each has 1 bedroom, 1 bath, laundry closet, 2 storage closets, Living room, kitchen with stove and refrigerator. Total 16 units. Each unit has its own individual tax parcel ID. So this could be converted to condos at some point and sold. The Sale includes 5230 Pointe Dr, Units A,B,C,D; 5232 Pointe Dr, Units A,B,C,D; and 5236 Pointe Dr, Units A,B,C,D; 5238 Pointe Dr, Units A,B,C,D. Tenants are month to month. Some have been there for years are paying $450 mo; recent tenants are paying $500 mo. Tenants pay security, their own water and electric. Owner pays common hall electric. snow removal, lawn cutting, exterior maintenance. Mail boxes are on premises, ample parking. Upper units have balconies, lower units have patios. Can be purchased for $900,000 if closed within 30 days.

Details

MLS#31354456
Sub-TypeResale
StatusActive
Year1980
Days On Site232

Features

SQ Feet500
Units16
Building(s)1

Market Activity 48054

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Area Information

StateMI
CityEast China
Zip Code48054
AreaEast China Twp (74016)
Listing VS Median (in 48054)
Price:
$1,000,000
low | high
Med:
$176,825
100% of Average
SqFt:
500
low | high
Med:
1,536
100% of Average
$ / SqFt:
$2,000
low | high
Med:
$116
100% of Average
On Site:
232
low | high
Med:
44
100% of Average
Listing Updated: 04/25/2019
MLS Number: 31354456
Listing Provided By:
Wynne Achatz  of  Real Estate One Westrick-M
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