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429 N State Street Big Rapids Twp, MI 49307
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Key Details
Sold Price $245,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 65022002071
Sold Date 06/13/22
Bedrooms 2
Originating Board Greater Regional Alliance of REALTORS
Year Built 1920
Annual Tax Amount $10,124
Lot Size 0.370 Acres
Acres 0.37
Lot Dimensions 102 x 159
Property Description
Welcome to this unique opportunity of owing two investment properties in one! Two family home (red 1-1/2 story) and a restaurant business on the same property. Restaurant building is currently leased as a sandwich shop offering dining, take out, or delivery. (under lease until 2024 with buyout options available) Two family rental home offers upstairs unit with 1 BR/1 BA/Kitchen and downstairs offers 3 BR/1BA/Kitchen. Current lease expires 10/1/2022. Very good rental history and occupancy rate with both units. Many updates to both units including, roof, siding, windows, electrical, water heaters, rain gutters, front porch addition, furnace(restaurant), insulation, appliances (apt.) and more! 12x18 storage garage included. Tenant pays water/sewer, mowing, snowplowing, and garb
Location
State MI
County Mecosta
Area Big Rapids Twp
Zoning Commercial
Direction US-131 to Big Rapids Exit (15 Mile Rd.) East to N. State Rd. (at Ferris State University entrance) North on N. State St. (about 1.5 miles) to property. (at the corner of N. State St. & W. Bellevue St.)
Interior
Interior Features Other, Cable Available
Heating Forced Air
Heat Source Natural Gas
Exterior
Garage Spaces 14.0
Pool No
Roof Type Composition
Road Frontage Paved, Pub. Sidewalk
Building
Foundation Michigan Basement
Sewer Public Sewer (Sewer-Sanitary), Storm Drain
Water Public (Municipal)
Structure Type Block/Concrete/Masonry,Vinyl
Schools
School District Big Rapids
Others
Pets Allowed Yes
Tax ID 541710437011
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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