Student Housing near Ferris State U 2 units - 1 of 4 property sale

Multi-Family for Sale
Catylist Listing ID: 30162993
Property Subtypes: Duplex/Fourplex, Student Housing
Number of Units: 2 Units
Building Size (RSF): 1,641 SF
Gross Building Area: See Agent
Gross Land Area: 0.17 Acres
Sale Price: $175,000
Unit Price: $87,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/21/2017

Overview / Comments

This property has two apartments and is walking distance to Ferris State University or Downtown Big Rapids. It is also within walking distance to Spectrum Hospital. Both Units have two bedrooms and one full bath and are currently leased until May 2018.

Additional Details

Nearest MSA: Big Rapids
County: Mecosta
Taxing Authority: City of Big Rapids
Tax ID/APN: 17-14-132-005
Zoning: R-P
Percent Occupied: 100%
Property Located Between: Locust and Linden - 3 blocks west of N State St/M-20/Business 131
Highway Access: 2 miles to US 131
Airports: Roben-Hood Airport
Site Description: Residential lot with 50 ft frontage and 150 ft depth.
Area Description: Residential and Professional District located between FSU and Downtown.
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1910
Year Renovated: 1990
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Parking Type: Structure
Parking Description: 418-sf detached Garage
Laundry: Shared
Heat Type: Steam
Heat Source: Baseboard
Fuel: Gas
Internet Access: Cable, DSL
Interior Description: Unit 1: Unit Description: Front; Bedrooms: 2; Bathrooms: 1 Unit 2: Unit Description: Rear; Bedrooms: 2; Bathrooms: 1
Zoning Description: R-P RESIDENTIAL-PROFESSIONAL DISTRICT See City of Big Rapids Zoning ordinance.
Lot Frontage: 50
Lot Depth: 150
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 000319 S STEWART AVENUE: WARREN AND BRONSON'S SUBDIVISION OF SOUTH HALF OF WARREN AND IVES' PLAT (ORIGINAL PLAT) RESERVATION -- BLK B, LOT 5.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,669 14,167 17,456
Median Age: 23.23 27.19 29.67
Households: 1,926 4,652 6,006
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