51259-51261 Morowske Drive

    Shelby Twp, MI 48316
    • $199,900
    • STATUS: Active
    • ON SITE: 31 days
    • MLS #: 219022522
    UPDATED: 26 min ago
    $199,900
    • 0
      BEDS
    • N/A
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 1,360
      SQFT
    • $147
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:
    Area:
    Zoning: Multi-Family
    Lot Size Dimensions: 100X132

    School Ratings & Info

    School District:

    Description

    Awesome opportunity to own a great Shelby Duplex. totally renovated in 2013 each unit is 1 bedroom 1 bath and grosses $1700/month. 9% CAP RATE AT LIST PRICE. Tenants pay all utilities. Landlord only pays annual property taxes and insurance (Approx. $2600/yr) Currently tenant occupied. One unit will be vacant as of April 1st which should be leased quickly. A 20x30 garage was built in 2018 for the landlords personal use. This can be offered to the tenants for an additional monthly rent or kept for personal use. Minimum 24 hour notice to show both units. Please do not approach tenants.

    Monthly Payment Calculator

    Copyright 2019 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Toth Team - Keller Williams Ann Arbor Market Center are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2019-04-19T21:56:33.657.
    www.homesearchannarbor.com/homes/92820545

    51259-51261 Morowske Drive Shelby Twp, MI 48316

    • Price: $199,900
    • Status: Active
    • Updated: 26 min ago
    • MLS #: 219022522
    0
    Beds
    2
    Baths
    0
    ½ Baths
    N/A
    Acres
    1,360
    SQFT
    $147
    $/SQFT
    1957
    Built
    Neighborhood:
    CHARLES GARDENS
    County:
    Macomb
    Area:
    Shelby Twp
    School District:
    UTICA
    Property Description
    Awesome opportunity to own a great Shelby Duplex. totally renovated in 2013 each unit is 1 bedroom 1 bath and grosses $1700/month. 9% CAP RATE AT LIST PRICE. Tenants pay all utilities. Landlord only pays annual property taxes and insurance (Approx. $2600/yr) Currently tenant occupied. One unit will be vacant as of April 1st which should be leased quickly. A 20x30 garage was built in 2018 for the landlords personal use. This can be offered to the tenants for an additional monthly rent or kept for personal use. Minimum 24 hour notice to show both units. Please do not approach tenants.
    Exterior Features

    Architecture Level 1 Story Architecture Style Duplex Construction Materials Aluminum Foundation Details Slab Foundation Materials Poured Lot Size Dimensions 100X132 Pool YN No Porch Type Patio Road Frontage Feet 100 Road Frontage Type Paved Roof Material Asphalt Waterfront YN No

    Interior Features

    Basement YN No Baths Total 2.00 Heating Forced Air Heating Fuel Natural Gas Room Count 0 Sq Ft Combined 1360 Sq Ft Source Public Unit Efficiency Number Of 0 Unit One Bed Number Of 2 Unit Three Bed Number Of 0 Unit Two Bed Number Of 0 Water Heater Fuel Natural Gas

    Property Features

    Encroachment YN No Exclusions YN No Gross Scheduled Income 20400.00 Income Projection Actual Inventory List YN No Land Contract YN No Listing Financing CashConventional Monthly Rental Income 1700 Net Operating Income 17600.00 Number Of Units Leased 2 Ownership Status Private OwnedShort Sale - No Percent Homestead Exempt YN No Postal City Shelby Twp Protection Period 180 Restrictions YN No Settlement Township Sewer Septic-Existing Short Sale No Tax Amount Summer 1175.0000 Tax Amount Winter 992.0000 Title Private - Owned Total Tax 2167.0000 Transaction Type Sale Unparsed Address 51259-51261 MOROWSKE DR Water Source Municipal Water Year Remodeled 2013 Zoning Multi-Family

    IDX provided courtesy of Realcomp II Ltd., via Move Realty Llc and Realcomp, ©2019 Realcomp II Ltd. Shareholders.
    Copyright 2019 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Toth Team - Keller Williams Ann Arbor Market Center are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2019-04-19T21:56:33.657.
     
    The Toth Team - Keller Williams Ann Arbor Market Center
    2144 S State St
    Ann Arbor MI, 48104