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414-420 LAKE NEPESSING Road Elba Twp, MI 48446
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Key Details
Sold Price $400,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,480 sqft
Price per Sqft $114
MLS Listing ID 2210101063
Sold Date 03/22/22
Originating Board Realcomp II Ltd
Year Built 1978
Annual Tax Amount $6,170
Lot Size 0.860 Acres
Acres 0.86
Lot Dimensions 120 X 310 X 118 X 310
Property Description
A Fantastic opportunity and investment, with great cash flow & location. A Fully leased, Brick office building located right off the I-69 Business corridor. Building completely updated in 2020-2021, w/ new roof, resurfaced parking lots, remodeled interiors with new lighting fixtures, bathrooms, flooring, paint, etc. The mechanical systems for each of the units have new water heaters, furnaces & air conditioners serviced & updated as needed with programable thermostats.
Has Gross rents of $61,200 a year, a money maker from the get-go. Don’t wait on this great investment.
Location
State MI
County Lapeer
Area Elba Twp
Zoning Office
Direction I-69 to Lake Nepessing Exit, North to property on the West side.
Interior
Hot Water Electric
Heating Forced Air, Packaged Heat/Cool
Heat Source Natural Gas
Exterior
Pool No
Utilities Available Utility Smart Meter, 220V Available
Roof Type Rubber,White Roof
Road Frontage Class B
Building
Foundation Basement
Sewer Septic Tank (Existing)
Water Well (Existing)
Level or Stories 1 Story
Structure Type Brick
Schools
School District Lapeer
Others
Tax ID 00801100710
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Rebuilt Year 2020
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with Unidentified Office
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