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Alex Lengemann

Alex Lengemann
RealtyVolution.com
Imlay City, MI 48444

810-664-1819
Contact Me

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Listing 5 out of 27
$180,000 Pending

362 E 1st Street
Imlay City, MI 48444

4 units | Multi Family Home
18731 sq ft - MLS# 219041632
Property Photo
1/16

Description

Wonderful investment property in convenient location, close to M-53 and I-69. These units are easy to rent, 3 two bedroom units and 1 three bedroom unit. Large shared backyard. New furnaces in 2016, newer roof. Unit #1 was redone in 2019, new carpet, paint. New siding on front in 2019. Each unit has its own parking spaces. Currently managed by a management company.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Pending
  • County/Area: Lapeer County
  • Zip Code: 48444
  • Year Built: 1960
  • Subdivision/Neighborhood: City Of Imlay City Ri Engles' Sub
  • School District: Imlay City
  • Sq.Ft.: 3,500 sq ft
  • Style: Quadruplex
  • Units: 4 units
  • Full Baths: 4
  • Basement: Unfinished
  • Lot Size: 18731 sq ft
  • Baths: 4
  • Zoning: Multi-Family
  • Architecture Level: 1 Story
  • Conforms To Zoning: Unknown
  • Construction Materials: Aluminum, Brick Siding, Vinyl
  • Cooling: Ceiling Fans 2+
  • Exterior Features: Outside Lighting
  • Foundation Details: Basement
  • Foundation Materials: Block
  • Frontage Feet: 94
  • Gross Scheduled Income: 26400.00
  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Income Projection: Projected
  • Interior Features: Cable Available, Carbon Monoxide Alarm(S), High Spd Internet Avail, Pets Allowed
  • Listing Financing: Cash, Conventional
  • Lot Dimensions: 94 x 200 x 80 x 199
  • Monthly Rental Income: 2200
  • Net Operating Income: 18000.00
  • Number Of Units Leased: 4
  • Originating MLS: Realcomp Ii Ltd
  • Ownership Status: Private Owned, Short Sale - No
  • Rent Includes: Garbage Pickup, Water/Sewer, Yard Maintenance
  • Road Frontage Type: Paved
  • Sewer: Sewer-Sanitary
  • Sqft Combined: 3500
  • Sqft Source: Est
  • Sqft Total Bsmt: 2000
  • Unit Count: 4
  • Unit Three Bed Number Of: 1
  • Unit Two Bed Number Of: 3
  • Water Heater Fuel: Electric
  • Water Source: Municipal Water
Courtesy of Wedgewood Realty Services



Alex Lengemann | 810-664-1819 | Contact Me
5705 Reynolds Rd - Imlay City, MI 48444
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