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Key Details
Sold Price $449,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Ortonville Vlg
MLS Listing ID 20250019655
Year Built 1970
Annual Tax Amount $6,094
Lot Size 0.300 Acres
Property Description
Highest & best due by 4:00 p.m. 4/27/25. This is a fantastic opportunity to purchase a 4-unit complex in lovely Ortonville!Unit 2 has been completely renovated with new flooring, bathroom, doors, kitchen, and appliances. Unit 1 features updated bathrooms, luxury vinyl flooring, and new refrigerator and washer/dryer. Unit 4 also has undergone complete renovation including flooring, bathroom, doors, kitchen, and appliances. Unit 3 has a new washer & dryer and water heater.Electrical system have been fully replaced from the pole to the builidng, windows were upgraded to fiberglass in 2017 (12 across the front), the roof was replaced in 2022 with new shingles and some decking, and the well tank was updated in 2023. The property is in excellent condition. This produces good income and is in great shape. Once touring Unit 1 you've seen each units floorplan. This is a simple buy...for immediate income. 9% cap rate for cash on cash. Contact Patti for all the details. Pull disclosures also for a list...
Location
State MI
County Oakland
Area Oakland County - 70
Zoning Multi-Family
Interior
Heating Baseboard
Cooling Central Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Water Well
Structure Type Brick,Vinyl Siding
Schools
School District Brandon
Others
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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Nick Schweihofer
Team Leader, Broker | License ID: 6506047709
Team Leader, Broker License ID: 6506047709