State business / very successful business / great return on investment/signed 5 year lease. Almost 3 beautiful acres, open concept. Lots of storage, handicap excess-able. 2 full baths. Bedrooms all large. Over-sized garage with individual storage (Has required alarms). Please this is an adult group home, be kind and gentle. Pre-qualified buyers only.Will not be disappointed. GENERATE $21000 NET/YEAR, STEADY BUSINESS FOR 5 YEARS LEASE COULD BE EXTENDED ANOTHER 5.
Strike Price: $16,8MM More information upon request
Residential/ commercial investment, 4 Apartment 100% leased , Two of them 1 BR and Two 3 BR. and two retail store leased for total of $1950 Gross Lease. See my website for full info.
Buy one for $59,900 or all Immediate occupancy, month to month leases on all. Seller will look at all offers. Land contracts available.
Location Corner: SEProperty Description: Multi Family - 8 Units Fully rented, 8 unit, ranch style apartment building with brick exterior. Located blocks from downtown Mt. Clemens.
** 24 Multifamily / Condominium 100% occupied. Ranch . Built in 1979 New windows and gutters New paved parking Each unite has separate utilities and tax Id. Also ** 4 Retail Commercial Retail 75% occupied. ** 4 stores 1200 sq ft each 4800 sq ft
State business / very successful business / great return on investment 5 year lease. Almost 3 beautiful acres, open concept. Lots ofstorage, handicap excess-able. 2 full baths. Bedrooms all large. Over-sized garage with individual storage (Has required alarms). Please this is an adult group home, be kind and gentle. Will not be disappointed.!!!!
ATTENTION BIG FAMILLY/INVESTORS!!2 UNIT FAMILY in Lovingly restored Historic Flynn House right in the heart of the village of Warren. Completely updated with immaculate attention to every detail! 6 BED ROOMS AND 3 FULL BATH, 3CAR ATTACHED. COMPLETE HOUSE UPSTAIRS FOR THE INLAWS QUARTER WITH SEPARATE ENTERENCE. 2 OF EACH (KITCHEN, LAUNDAY, FURNCAE, WATE HEATER, AIRE CONDITION. super clean and dry basement with office workshop area. 3 car garage with plenty of parking. FOR INVESTORS with potential $25000 YEARLY INCOME WITH 15% ROI. YOU CAN LIVE IN ONE AND RENT THE OTHER!CONSIDER ALL OFFERS!
Fraser Manor is comprised of 18 large 700 ft.2 one-bedroom units that include private entrances, kitchen upgrades (numerous units), and tenant-paid, electric-forced air heating/cooling. The complex was built in 1969 and is located less than ½ mile from the intersection of Utica Rd. and Groesbeck Hwy. Over the course of the last few years the property has received significant capital improvements. Because the complex has seen recent replacement of many major building systems and components, a buyer will benefit tremendously, as cash flow will not be diminished due to replacement needs.
Utica Manor possesses a total of 28 units of which are all large two bedroom units. Currently the property is operating at 85% occupied. The rents for Utica Manor are well under market, giving a new purchaser room to raise rents in the future. In the past 24-month period the most recent capital improvement done to this property was the flat rubberized torch down roof at a cost of approximately $150,000. With that being said, the property has an NOI of $97,189 which equates to a cap rate of 8.18%, and an ROI around 10%. IPO has seen considerable improvement in pricing over the course of the last year and it is our professional opinion that prices will continue to trend upward into 2014 as the market corrects itself. As the market continues to improve, opportunities like Utica Manor will quickly evaporate, thus the economic reward will be significant for opportunistic investors with ample liquidity to acquire an asset such as Utica Manor in this once-in-a-lifetime Buyer' s market.