ROCK SOLID, ONE-OF-A-KIND INVESTMENT OPPORTUNITY!! 13 RESIDENTIAL UNITS, 2 COMMERCIAL UNITS, LOCATED IN THE HEART OF GENESEE. $17,000 IN ELECTRICAL UPDATING. MANY INTERIOR AND EXTERIOR IMPROVEMENTS, LONG TERM TENANTS, GREAT POTENTIAL FOR GROWTH. UNUSED COMMERCIAL SPACE HAS THE POTENTIAL FOR $2500-$3000 IN RENTS. $8000/MONTHLY INCOME POTENTIAL. CALL FOR MORE DETAILS.
Off market
Street View
Price Unknown
7280 N Genesee Rd, Genesee, MI 48437
--beds
20baths
10,400sqft
MultiFamily
Built in 1950
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 20
Heating
- Other, Gas
Features
- Basement: Unfinished, Basement
Interior area
- Total interior livable area: 10,400 sqft
- Finished area below ground: 2000
Property
Parking
- Total spaces: 28
Features
- Exterior features: Wood, Brick
Lot
- Size: 1.48 Acres
Details
- Zoning description: Multi-Family
- Special conditions: Sale
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
Materials
- Roof: Asphalt
Condition
- Year built: 1950
Utilities & green energy
- Gas: Natural Gas
- Sewer: Sewer-Sanitary
- Water: Well-Existing
Community & neighborhood
Location
- Region: Genesee
HOA & financial
Other financial information
- Total actual rent: 7925
Other
Other facts
- RoadSurfaceType: Paved
- ZoningDescription: Multi-Family
- Heating: Other, Natural Gas
- Basement: Unfinished, Basement
- HeatingYN: true
- NumberOfUnitsTotal: 15
- ConstructionMaterials: Wood Siding, Brick
- CurrentFinancing: Conventional, Cash, Warranty Deed
- FoundationDetails: Block
- Exclusions: No Exclusions
- Gas: Natural Gas
- ParkingFeatures: Unassigned, Other, Paved
- ArchitecturalStyle: Other
- Appliances: Electric Water Heater
- BelowGradeFinishedArea: 2000
- NumberOfUnitsLeased: 12
- SpecialListingConditions: Sale
- WaterSource: Well-Existing
- Sewer: Sewer-Sanitary
- GrossScheduledIncome: 95100.00
- TotalActualRent: 7925
- MlsStatus: Accepting Backup Offers
- NetOperatingIncome: 63795.00
- Road surface type: Paved