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1108 W Main Street Owosso, MI 48867
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Key Details
Sold Price $110,000
Property Type Multi-Family
Sub Type Farmhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,841 sqft
Price per Sqft $59
Subdivision None
MLS Listing ID 61050075429
Sold Date 06/23/22
Style Farmhouse
Full Baths 3
Originating Board Saginaw Board of REALTORS
Year Built 1945
Annual Tax Amount $1,892
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 66 x 120
Property Description
This 3-unit rental property is a fantastic investment opportunity. Monthly rental income is $1300. Tenants pay their own heat and electric. Landlord pays water and trash which average around $100 per month combined. Rate of return on this property just over 10% annually. The rent on one unit is rented below normal rate but that tenant handles property maintenance. Tenants are on a month-to-month contract. The owner has 3 other Owosso rental properties for sale.
Location
State MI
County Shiawassee
Area Owosso
Zoning Residential
Interior
Interior Features Other
Hot Water Natural Gas
Heating Forced Air, Separate Meters
Cooling Ceiling Fan(s)
Heat Source Natural Gas
Exterior
Pool No
Porch Porch
Road Frontage Paved
Building
Foundation Basement, Michigan Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Farmhouse
Level or Stories 2 Story
Structure Type Vinyl
Schools
School District Owosso
Others
Pets Allowed Yes
Tax ID 05066001700300
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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