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31245 KRAUTER ST Garden City, MI 48135
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Key Details
Sold Price $1,078,000
Property Type Commercial
Sub Type Apartments
Listing Status Sold
Purchase Type For Sale
Square Footage 2,015 sqft
Price per Sqft $534
Subdivision Birch-Lawn Sub
MLS Listing ID 219060244
Sold Date 06/21/19
Bedrooms 22
Originating Board Realcomp II Ltd
Year Built 1968
Annual Tax Amount $23,540
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!! TURN KEY MUST SEE!
Location
State MI
County Wayne
Area Garden City
Zoning Multi-Family
Direction corner of ford rd and merriman
Interior
Heating Baseboard
Heat Source Natural Gas
Exterior
Road Frontage Paved
Building
Foundation Slab
Sewer Sewer-Sanitary
Water Municipal Water
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 APPROX
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Full Service
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Bought with Century 21 Curran & Oberski