Description
PACKAGE OF (4) LEASED INVESTMENT PROPERTIES NOW REDUCED!! $845,000 7.5% CAP RATE! FOR SALE: (4) LEASED MULTIFAM/COMMERCIAL INVESTMENT PROPERTIES! CALL BROKER FOR ALL THE DETAILS AND FOR THE MARKETING BROCHURE. PLEASE DO NOT APPROACH TENANTS! There are (4) addresses for this package sale. All properties to be sold together- no separate sales! 314 Eastman- Zoning Office Service (office on street level- apartment upper level, 507 W. Buttles (RES Duplex but currently used as a single fam residence- Zoning Office Service), 501 W. Buttles (RES Duplex but currently used as single fam residence- Zoning Office Service), 421 W. Buttles (RES Duplex- used as Single fam home- Zoning Office Service). All are currently leased! Keep the revenue of the leases while you wait for redevelopment opportunities in Downtown Midland- Great location!! Highly visible Investment as you travel down M-20 (BUTTLES) to the downtown area where the Dow Diamond is located, East End, several offices, retail and multiple restaurants, including the ZINC CAFE and the H Hotel, upscale dining and accommodations which is just around the corner from this Investment. Note on the opposite end of the street where Buttles and Jerome meet there is a very popular gas station- see additional details for potential redevelopment of the downtown area. NOTE: Information provided herein to be verified as the listing consists of 4 properties and therefore some info won't be accurate because this listing is asking for 1 property details, not 4. INVESTORS: CAP RATE IS 7.5% Great location! Well maintained! All are leased now, they all have been consistently leased through the many, many years the owners have had the properties. Upside potentials, Call Trademark Commercial at 989-792-6400 for additional details..
Details
| MLS # | 50217428 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 88 |
| Listing Provided By | Trademark Commercial Group | Gretchen Witherspoon |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 7 Total |
| SQ Feet | 6,710 |
| Garage | 1 |
| Basement | Y |
| Story(s) | 1 |
| Zoning | Commercial,Mixed Use,Multi-Famil |
| Acreage | 0.46 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Heating | Natural Gas, Forced Air |
Exterior
| Construction Materials | Other, Vinyl Siding |
|---|---|
| Foundation Details | Basement |
Parking
| Garage Yes / No | Yes |
|---|---|
| Attached Garage Yes / No | No |
Other
| List Aor | Midland Board of REALTORS |
|---|
Taxes
| Property | 3000 |
|---|
Area Information
| State | MI |
|---|---|
| County | Midland |
| City | Midland |
| Zip Code | 48460 |
| Area | Midland (56020) |
| Community Name | Unk |
| Listing VS Median (in Unk) | |
Price: $845,000 low | high Med: $845,000 sqft: 6,710 low | high Med: 6,710 $ / sqft: $126 low | high Med: $126 On site: 88 low | high Med: 88 | |
Market Activity 48460
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Learn More About This Property
| State | MI |
|---|---|
| County | Midland |
| City | Midland |
| Zip Code | 48460 |
| Area | Midland (56020) |
| Community Name | Unk |
| Listing VS Median (in Unk) | |
Price: $845,000 low | high Med: $845,000 sqft: 6,710 low | high Med: 6,710 $ / sqft: $126 low | high Med: $126 On site: 88 low | high Med: 88 | |
