Garden City, MI 48135,31245 KRAUTER ST
$838,000
$1,100,000
23.8%
Est.Price: ?

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22 BD
20,480 SqFt

31245 KRAUTER ST Garden City, MI 48135

Est. payment /mo
SOLD DATE : 05/25/2016

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Key Details

Sold Price $838,000

Property Type Commercial

Sub Type Apartments

Listing Status Sold

Purchase Type For Sale

Square Footage 20,480 sqft

Price per Sqft $40

Subdivision Birch-Lawn Sub

MLS Listing ID 215122800

Sold Date 05/25/16

Bedrooms 22

Originating Board Realcomp II Ltd

Year Built 1968

Annual Tax Amount $20,645

Lot Size 0.900 Acres

Acres 0.9

Lot Dimensions 200.00X142.00

Property Description

ABSOLUTELY STELLAR INVESTMENT!! YOU CANNOT BEAT IT ON THE CORNER OF FORD AND MERRIMAN IN GARDEN CITY, THIS FULLY OCCUPIED, 23 UNIT APARTMENT BUILDING IS MAINTENANCE FREE!! PURCHASE AND START PROFITING, $111,990 PER YEAR NET CONSISTENTLY AFTER ALL EXPENSES PAID!! PROPERTY HAS BEEN EXTREMELY WELL MAINTAINED BY OWNER WITH A BRAND NEW ROOF REPLACED IN 2014, FULLY REPAVED PARKING LOT (2011), NEW FENCE (2012), ALL NEW HALLWAY WINDOWS (2012), ALL EXTERIOR DOORS (2003), NEW INTERCOM SYSTEM (2005), ALL BALCONIES AND RAILS (2007), ALL WINDOWS AND PATIO DOORS THROUGHOUT ENTIRE COMPLEX (1998), 48 CAR CARPORT IN PARKING LOT.. AND 80% OF UNITS HAVE HAD UPDATED KITCHENS, UPDATED TILE, AND UPDATED INTERIOR FLOORING! IT DOES NOT GET MUCH BETTER THAN THIS A 100% OCCUPIED BUILDING VERY WELL TAKEN CARE OF BY SAME OWNER FOR ALMOST 30 YEARS WITH HUNDREDS OF THOUSANDS WORTH OF UPGRADES!! ALL LEASES, RENT ROLLS, P & L STATEMENTS IMMEDIATELY AVAILABLE FOR QUALIFIED BUYERS. TURN KEY MUST SEE!

Location

State MI

County Wayne

Area Garden City

Zoning Residential

Direction NORTH OF FORD EAST OF MERRIMAN

Interior

Hot Water Natural Gas

Heating Baseboard

Heat Source Natural Gas

Exterior

Road Frontage Paved, Pub. Sidewalk

Building

Foundation Basement

Sewer Sewer at Street, Sewer-Sanitary

Water Municipal Water, Water at Street

Level or Stories 3 Story

Structure Type Brick

Schools

School District Garden City

Others

Tax ID 35006010014000

Ownership Private Owned,Short Sale - No

SqFt Source PRD

Assessment Amount $36

Acceptable Financing Cash, Conventional

Rebuilt Year 2014

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Full Service

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Realcomp MLS
Listed by Robert Kabbani of RE/MAX Leading Edge

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Carrie Thompson

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