$325,000
$349,900
7.1%For more information regarding the value of a property, please contact us for a free consultation.
0.4 Acres Lot
SOLD DATE : 07/01/2022
Key Details
Sold Price $325,000
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Municipality Lawton Vllg
MLS Listing ID 22005886
Sold Date 07/01/22
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1940
Annual Tax Amount $6,624
Tax Year 2021
Lot Size 0.400 Acres
Acres 0.4
Lot Dimensions 132x134
Property Description
ATTENTION INVESTORS. Great income producing opportunity in Lawton. Long term tenants with month to month leases in place. 3 Buildings house 5 rental units. Original Victorian home has been split into two generously sized 2 story units; one measures 1062 sq. ft. with 2 BR 1 BA, the other is 1705 sq. ft. with 2 BR 2 BA. There is a full basement, each tenant has their own private storage space. The second Bldg. is a two story 3 BR 1 1/2 BA 1176 sq. ft. home and the 3rd Bldg. is a duplex each with 2 BR and 1 BA one has 744, sq. ft. and the other 864 sq. ft. Located on a quiet corner lot, SOLID RENTAL HISTORY. Buildings have been lovingly maintained by owner. Tenant in Unit 303 Apt 2 owns the washer and dryer and they are not included in the sale.
Location
State MI
County Van Buren
Area Greater Kalamazoo - K
Direction From M-40 Downtown Lawton go East on E. 4th Street, turn right on S. Franklin. Home is on corner of S. Franklin and Washington St.
Rooms
Basement Michigan Basement
Interior
Heating Forced Air, Natural Gas
Fireplaces Number 3
Exterior
Garage Driveway, Gravel
Waterfront No
View Y/N No
Roof Type Composition
Street Surface Paved
Total Parking Spaces 10
Building
Lot Description Corner Lot
Sewer Public Sewer
Structure Type Vinyl Siding
New Construction No
Schools
School District Lawton
Others
Tax ID 80-45-100-080-00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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