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$1,600,000

Added 2 months ago

1710 E G Ave, Parchment, MI

Real Estate

For Sale

Listed price in listed location currency (USD).
$1,600,000

Added 2 months ago

00-32
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $12,534
Days Active 49
Lot Size 
Approx. Age 1973
MLS® Number 25013117

Property Address: 1710 E G Ave, Parchment, Michigan

Average square foot calculated using Size range provided by listing agent.

Description

Rare 16 unit multi-family property offering a fantastic investment opportunity. Current gross rents of around $15, 000 a month. Market rents are around $18, 000 a month, so some room for value add. There are 11 units with 2 bedroom and 1 bath and 5 units with 1 bedroom, 1 bath. This property has an assumable mortgage at an interest rate well below current market rates providing a great cash flow opportunity. The majority of the units have interiors that have been recently renovated. The property is conveniently located near Parchment High School and Elementary School along with numerous manufacturing companies and easy access to Gull Road. Don't miss out!
MLS® Number25013117
Laundry Level
Central VacNo
FireplaceNo
Acreage0.86
Exterior
GarageNo
Approx. Age1973
BasementFull
Driveway
Garage Spaces
HeatBaseboard, Hot Water
A/CWall Unit(s)
Heating Fuel

Extras

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