Jim Willis - Coldwell Banker Weir Manuel
5230 Pointe Dr #5232 Pointe Drive
East China, MI 48054

$1,200,000

Description

East China Township Michigan 16 Unit Investment Property. The 16 units R broken down as 2 - 2 story 8 unit buildings. Each well maintained building includes 2 attached buildings with 8 units total. There R 4 units up,4 units down. all 16 units have 1 bedroom, 1 bath, a laundry closet, 2 storage closets, Living room, kitchen with stove and refrigerator. All units make up the 16 units. Each included in sale has an individual tax parcel ID. 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. rear of parcel. Currently all tenants are month to month. Some tenants have been there for years are paying $450.00 mo; recent tenants are paying $500.00 month. Tenants pay security, their own water and electric. Owner pays common hall electric. snow removal, lawn cutting and exterior maintenance. The mail boxes are on premises, ample parking. Upper units have balconies, lower units have patios.

Details

MLS#31354453
Sub-TypeResale
StatusActive
Year1980
Days On Site69

Features

SQ Feet500
Units16
Building(s)1

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Area Information

StateMI
CityEast China
Zip Code48054
AreaEast China Twp (74016)
Listing VS Median (in 48054)
Price:
$1,200,000
low | high
Med:
$225,000
100% of Average
SqFt:
500
low | high
Med:
1,540
100% of Average
$ / SqFt:
$2,400
low | high
Med:
$146
100% of Average
On Site:
69
low | high
Med:
60
100% of Average
Listing Updated: 11/13/2018
MLS Number: 31354453
Listing Provided By:
Wynne Achatz  of  Real Estate One Westrick-M
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