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4760 N Lumberjack Road

Riverdale, MI 48877
  • $255,000
  • STATUS: Active
  • ON SITE: 29 Days
  • MLS #: 1927925
Price Reduced
$255,000
  • 0
    BEDS
  • 0.49
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,185
    SQFT
  • $61
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1930
County:
Area:

School Ratings & Info

School District:

Description

This 4-Plex has a solid 20-year rental history and based on the current rents, produces almost $35,000 of gross annual income. This building was originally a church but in 2004 the ENTIRE property was remodeled. There are two 3 bedroom with 2 bathroom units that are two stories and feature things like second floor laundry and walk-in closets. The third unit is also two-story and has 2 bedrooms and 1 bathroom and the fourth is 2 bedroom and 1 bathroom that features one level living. All units have their own laundry, furnace, central air unit, water heater, septic, and utility meter. Tenants are currently month to month and pay their own utility costs. There is plenty of on-site parking and many other features that make this property a turnkey investment with enormous upside!

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2024 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2024-11-05T23:52:10.09.
www.housestraversecity.com/homes/156438067
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4760 N Lumberjack Road Riverdale, MI 48877

  • Price: $255,000
  • Status: Active
  • On Site: 29 Days
  • MLS #: 1927925
0
Beds
0
Baths
0
½ Baths
0.49
Acres
4,185
SQFT
$61
$/SQFT
1930
Built
Neighborhood:
Sumner Township
County:
Gratiot
Area:
Gratiot
School District:
Alma Public Schools
Property Description
This 4-Plex has a solid 20-year rental history and based on the current rents, produces almost $35,000 of gross annual income. This building was originally a church but in 2004 the ENTIRE property was remodeled. There are two 3 bedroom with 2 bathroom units that are two stories and feature things like second floor laundry and walk-in closets. The third unit is also two-story and has 2 bedrooms and 1 bathroom and the fourth is 2 bedroom and 1 bathroom that features one level living. All units have their own laundry, furnace, central air unit, water heater, septic, and utility meter. Tenants are currently month to month and pay their own utility costs. There is plenty of on-site parking and many other features that make this property a turnkey investment with enormous upside!
Exterior Features

Additional Buildings None Construction Frame Exterior Features None Exterior Finish Vinyl Siding Lot Dimensions 118x182 Primary Garage None Road Public MaintainedBlacktop Roof Metal Water Features None

Interior Features

Appliances Equipment Water Filtration SystemElectric water Heater Apx Sqft A 1229 Apx Sqft B 1229 Apx Sqft C 764 Bath A 2 Bath B 2 Bath C 1 Bath D 1 Bdrm A 3 Bdrm B 3 Bdrm C 2 Bdrm D 2 Fireplace And Stoves None Foundation Crawl SpaceBlockStone Heating Cooling Type Forced AirCentral Air Interior Features Walk-In ClosetsLaundry Hook-up Sqft D 963

Property Features

Deeded Waterfront No Development Amenities None Documents On File Sellers DisclosureAgency DisclosureLBP DisclosureLeases Heating Cooling Sources Natural Gas Included In Lease Trash RemovalPets Allowed Lease Terms Month-to-Month Listing Agreement Type Exclusive Right to Sell Mineral Rights Unknown Monthly Income Amount A 785 Monthly Income Amount B 785 Monthly Income Amount C 685 Monthly Income Amount D 633 Possession Subject to Tenants RightMonth to Month Tenant Property Type 4 - Plex Section Number 7 Sewer Private Septic Style Quad Summer Taxes 325.98 Taxable Value 52233 Terms Conventional MortgageCash Total Taxes 2536.95 Township Sumner Tv Service Internet Avail Cable TVCable Internet Type Of Ownership Private Owner Univs Design Barrier Free None Water Private Well Winter Taxes 1910.97 Year Remodeled 2004 Zoning Use Restrictions Residential

Listing information © 2024 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of CENTURY 21 LEE-MAC REALTY: 989-463-6085.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2024 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2024-11-05T23:52:10.09.
 
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