W Michigan Ave

    Parma, MI 49249
    • $259,900
    • STATUS: Active
    • ON SITE: 200 days
    • MLS #: 55201804367
    UPDATED: 16 min ago
    $259,900
    • 0
      BEDS
    • 1.37
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,000
      SQFT
    • $65
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1974
    County:
    Area:
    Lot Size Dimensions:
    150X400

    School Ratings & Info

    School District:

    Description

    EXCELLENT INVESTMENT OPPORTUNITY - Well maintained, fully rented, 7 Unit Apartment Complex in Parma & Western School District. A unique investment opportunity with all units leased & gross rents totaling over $3,000 per month. Cedar Lane Apartments consists of two well maintained apartment buildings & carport structure on 1.3 acres. 12631 W. Michigan is located in the back & is a Bi-Level design with 2 apts up & 2 down. 12633 W. Michigan has 2 one bedroom apts down & 1 large 2BR apt up. Most of the units have long term tenants. Owner pays for trash removal, water softener rental, electricity for the common areas, & maintenance. Tenants pay their own utilities. Net income does not include management fees or maintenance. All leases run from Jan-June 2019. Minimum of 24-48 hour notice required for all showings; not all units may be available to view at the same time. Measurements are estimated. This incredible, turn key investment property won't last long - call today!

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    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: 2019-06-17T10:59:22.737.
    www.homesearchannarbor.com/homes/89713108

    W Michigan Ave Parma, MI 49249

    • Price: $259,900
    • Status: Active
    • Updated: 16 min ago
    • MLS #: 55201804367
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.37
    Acres
    4,000
    SQFT
    $65
    $/SQFT
    1974
    Built
    Neighborhood:
    None
    County:
    Jackson
    Area:
    Parma Twp
    School District:
    WESTERN
    Property Description
    EXCELLENT INVESTMENT OPPORTUNITY - Well maintained, fully rented, 7 Unit Apartment Complex in Parma & Western School District. A unique investment opportunity with all units leased & gross rents totaling over $3,000 per month. Cedar Lane Apartments consists of two well maintained apartment buildings & carport structure on 1.3 acres. 12631 W. Michigan is located in the back & is a Bi-Level design with 2 apts up & 2 down. 12633 W. Michigan has 2 one bedroom apts down & 1 large 2BR apt up. Most of the units have long term tenants. Owner pays for trash removal, water softener rental, electricity for the common areas, & maintenance. Tenants pay their own utilities. Net income does not include management fees or maintenance. All leases run from Jan-June 2019. Minimum of 24-48 hour notice required for all showings; not all units may be available to view at the same time. Measurements are estimated. This incredible, turn key investment property won't last long - call today!
    Exterior Features

    Architecture Level 2 Story Architecture Style Upper/Lower Apartment Construction Materials BrickWood Garage YN No Lot Size Dimensions 150X400 Multifamily Parking Other Road Frontage Feet 150 Road Frontage Type Paved Waterfront YN No

    Interior Features

    Basement YN No Baths Total 0.00 Heating BaseboardForced AirSeparate Meters Heating Fuel ElectricNatural Gas Sq Ft Combined 4000 Sq Ft Source Estimated Unit One Bed Number Of 0 Unit Three Bed Number Of 0 Unit Two Bed Number Of 0

    Property Features

    Assessment No Exclusions YN No Gross Scheduled Income 39120.00 Homestead YN Yes Land Contract YN No Listing Financing CashConventional Net Operating Income 31922.00 Operating Expense 7198.00 Postal City Parma Rent Includes Garbage PickupOther Sewer Septic-Existing Short Sale No Tax Amount Summer 732.9000 Tax Amount Winter 3141.8400 Total Tax 3874.7400 Transaction Type Sale Unparsed Address 12631 - 12633 W MICHIGAN AVE Water Source Well-Existing

    IDX provided courtesy of Realcomp II Ltd., via Key Realty One and Jackson Area AOR MLS, ©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: 2019-06-17T10:59:22.737.
     
    The Toth Team - Keller Williams Ann Arbor Market Center
    2144 S State St
    Ann Arbor MI, 48104