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3520 W Monroe Road Pine River Twp, MI 48801
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Key Details
Sold Price $240,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $60
Subdivision Pine River
MLS Listing ID 79001329441
Sold Date 01/21/22
Originating Board Central Michigan Association of REALTORS®
Year Built 1970
Annual Tax Amount $1,554
Lot Size 1.840 Acres
Acres 1.84
Lot Dimensions 165 x 497.5
Property Description
GREAT OPPORTUNITY!!! THIS PROPERTY HAS A WELL PREFORMING DUPLEX AND 24 STORAGE UNITS ALL ON 1.88 ACRES. THE DUPLEX HAS LONG TERM TENANTS, EACH UNIT IS 2 BEDROOM, 1 BATH AND IS LEASED FOR $500 EA. THE UNITS ARE IN GOOD REPAIR AND TENANTS PAY FOR UTILITIES. THE STORAGE BUSINESS HAS 20- 10X20 UNITS THAT RENT FOR $65/MO AND 4- 10X10 UNITS THAT RENT FOR $40/MO. ALL UNITS ARE OCCUPIED AND HAVE A HISTORY OF ONLY A BRIEF VACANCY BEFORE A UNIT IS FILLED AGAIN. BOTH BUILDINGS HAVE METAL ROOFS AND VINYL SIDING FOR LOW MAINTENANCE. NEARLY $30K OF POTENTIAL GROSS ON THE PROPERTY EACH YEAR
Location
State MI
County Gratiot
Area Pine River Twp
Zoning Commercial
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Pool No
Roof Type Metal
Building
Foundation Crawl, Slab
Sewer Septic Tank (Existing)
Water Well (Existing)
Structure Type Frame,Vinyl
Schools
School District Alma
Others
Tax ID 1202101910
Ownership Private Owned
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
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