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620 Seaver Street - Updated apartment complex conveniently located near Ithaca schools. Remodel updates include new appliances, kitchen cabinets, wall furnaces, shutters and windows in two-thirds of the apartments. Located on the property are 3 buildings each accommodating 4 individual apartments; 12 units in all each with 2 bedrooms, 1 bath, living room, kitchen, and dining room. The apartments have long-term tenants and are very seldom empty. The 12 units gross an annual income of $57,600 per year with a current rental amount of $400.00 per month. Truly a great place to invest in. Please reference MLS: 1795763 for other investment options included with this property.

Listing information

  • MLS® ID: 1795736
  • Status: Active
  • New Construction: No
  • Lot Area: 1.00
  • County: Gratiot
  • Style: Commercial
  • Stories: 0
  • Foreclosure: No
  • Lot Size: 113.5 X 379.5
  • Year Built: 1960
  • Parking Type Description: Surface / Paved 0 cars
  • Total Square Footage: 1,440 ($239.58 per sq. foot)
  • Estimated Annual Taxes: $6,789

Features

Business Incl Yes
CONSTRUCTION Frame
Deeded Waterfront No
DOCUMENTS ON FILE Other
ECO Features No
EXTERIOR FEATURES Vinyl
Extras Other
FOUNDATION Shared Storage
HEATING/COOLING SOURCE Natural Gas
HEATING/COOLING TYPE Wall
Inventory Incl Yes
LICENSES None
LOCATION Other
Other Business Name - Bloss Rentals Llc, Development Name - None, Lease Price per SQ FT - 0, Summer Taxes - 3531.23, Winter Taxes - 3257.32, Year Remodeled - 2014, Year: Summer - 2012, Year: Winter - 2012
PARKING Parking Lot
POSSESSION Subject to Tenants Rights
PRESENT USE Other
Real Estate Incl Yes
ROAD Blacktop, Public Maintained
ROOF Asphalt
SEWER Municipal
TERMS Cash, Conventional Mortgage
UNIVS DESIGN/BARRIER FREE None
Vacant Land No
WATER Municipal Water
ZONING Commercial, Multi-Family
Listing Courtesy of Larry Mott of New Horizons Realty 302 N State Alma Mi 48801