134 W Allegan Street new Save Request In-Person Tour Request Virtual Tour
Otsego,MI 49078
Key Details
Property Type Commercial
Sub Type Business And Real Estate
Listing Status Active
Purchase Type For Sale
Square Footage 6,670 sqft
Price per Sqft $71
MLS Listing ID 65025022992
Year Built 1914
Annual Tax Amount $9,036
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 59X73
Property Sub-Type Business And Real Estate
Source Greater Regional Alliance of REALTORS®
Property Description
Looking for a Great Investment Opportunity with a 9% Cap Rate or Return on Investment, Passing Environmental & Open Book Rent Roll for tenants & Expenses? Look no farther! The sellers did all the work for you!The Building has new flat roof on both buildings, New commercial doors, new updated commercial space that rents 5 separate units as office space to individuals, 3 apartments with long term tenants, & additional commercial space that holds a 3 year lease.There is room to grow! This property brings in over $5,000/month3 small offices each $465 month2 larger offices each $500 monthApt 1 Brings in $1,000/monthApt 2 Brings in $950/monthApt A Brings in $1,250/monthTaxes are $9,000 yrOwners pay for Water & Trash Only.No Yard Maintenance. No Snow Removal. Public Parking!
Location
State MI
County Allegan
Area Otsego
Zoning Commercial
Direction Take Plainwell Exit off 131 to Otsego. Building is on the Right.
Interior
Heating Forced Air,Central Air
Heat Source Natural Gas
Exterior
Utilities Available Carbon Monoxide Alarm(s),Smoke Alarm
Roof Type Rubber
Building
Foundation Basement,Partial Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Block,Brick,Metal Siding,Other
Schools
School District Otsego
Others
Tax ID 5410001000
Acceptable Financing Cash,Conventional
Rebuilt Year 2022
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Unknown/Data Share Listings