1 parcel/10 single family rental units-Fruitport Schools

Multi-Family for Sale
Catylist Listing ID: 30593380
Number of Units: 10 Units
Building Size (RSF): 5,670 SF
Gross Building Area: See Agent
Gross Land Area: 4.83 Acres
Sale Price: $550,000
Unit Price: $55,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/26/2020

Overview / Comments

This beautiful wood lot in Fruitport Schools provides the perfect multi-family investment opportunity. 1 parcel, 10 units. 7 are currently occupied and leased. 5 of the units have been completely updated and the 6th is in process. The current total gross revenue is $53256 and will be over $62k when the 6th remodeled unit is complete.
Situated on 4.83 acres there is also further development opportunity.

Additional Details

Nearest MSA: Muskegon
County: Muskegon
Taxing Authority: Fruitport Township
Tax ID/APN: 15102100000400
Zoning: RES
Total Number of Buildings: 10
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,274 51,784 100,380
Median Age: 37.38 35.43 36.6
Households: 1,010 18,500 37,973

Contact

Photograph of Listing Agent

Richard Seese

Greenridge Realty (Lowell) Not a member of CARWM
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