Five (5) Rental Units For Sale - Big Rapids

Multi-Family for Sale
Catylist Listing ID: 30163320
Number of Units: 5 Units
Building Size (RSF): 3,808 SF
Gross Building Area: See Agent
Gross Land Area: 0.63 Acres
Sale Price: $219,900
Unit Price: $43,980 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 12.28%
Last Updated: 9/22/2017

Overview / Comments

5 Unit Rental Properties being sold together as part of a portfolio. All units are currently occupied.

Additional Details

Nearest MSA: Big Rapids
County: Mecosta
Taxing Authority: Mecosta Township
Tax ID/APN: 09 043 086 000 - 09 043 082 000
Zoning: R-1
Percent Occupied: 100%
Property Located Between: S. State Street & 11 Mile
Highway Access: US Interstate 131
Airports: Cain Field
Site Description: Located next to Rogers Dam Pond, part of the Muskeegon River.
Total Number of Buildings: 5
Property Condition: Average
Number of Stories: 2
Zoning Description: Flood plain is unknown. This form requires a yes/no. Buyer to do their own investigation.
In Flood Plain?: Yes
Legal Description: 19778: A PARCEL OF LAND MECOSTA TOWNSHIP MECOSTA COUNTY MICHIGAND DESC AS SEC 11,SUPERVISORS MITCHELL'S PLAT OF DETLORS PINE GROVE, LOT #86. 19772: A PARCEL OF LAND MECOSTA TOWNSHIP MECOSTA COUNTY MICHIGAND DESC AS SEC 11 T14N R10W SUPERVISORS MITCHELLS PLAT OF DETLORS PINE GROVE LOTS 85. 19766: A PARCEL OF LAND MECOSTA TOWNSHIP MECOSTA COUNTY MICHIGAND DESC AS SEC 11 T14N R10W SUPERVISORS MITCHELLS PLAT OF DETLORS PINE GROVE LOT 84. 19754: A PARCEL OF LAND MECOSTA TOWNSHIP MECOSTA COUNTY MICHIGAND DESC AS SEC 11 T14N R10W SUPERVISORS MITCHELLS PLAT OF DETLORS PINE GROVE LOT 83. 19744: A PARCEL OF LAND MECOSTA TOWNSHIP MECOSTA COUNTY MICHIGAND DESC AS SEC 11 T14N R10W SUPERVISORS MITCHELLS PLAT OF DETLORS PINE GROVE LOTS 82.

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,835 11,961
Median Age: 40.62 29.95
Households: 1,151 3,488
© Copyright Commercial Alliance of REALTORS West Michigan. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.