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.
All properties have long term tenants. All leased below market rate. Fully updated. DO NOT APPROACH TENANTS. aid one year of professional property management including: tenant placement rent collections evictions repair crews Emergency repairs 800 number
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.
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!
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.
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.
Buy one for $59,900 or all Immediate occupancy, month to month leases on all. Seller will look at all offers. Land contracts available.
State business / very successful business / great return on investment 5 year lease. Almost 3 beautiful acres, open concept. Lots of storages, 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.!!!The term of the lease for 5 years commenced on July 1, 2014. After the expiration date, tenant has the option to 2 additional five years periods (10 years) at the same terms. !WE CONSIDER ALL REASONABLE OFFERS!
As for the property itself, Margo Manor is comprised of two ranch style buildings with 24 spacious two bedroom apartments. The property is outfitted with a tenant-paid, gas forced air heating system and the units are separately metered for electricity. The property was built in 1978; however, in early 2005 the previous owner replaced gutters and windows at the property. The commercial space has 4-1200 square foot units at the front of the property. Margo Manor is currently 100% occupied and management has indicated that they expect to increase rents by the end of the year as a result of an aggressive leasing campaign. Currently the street rents being charged are $500; however, it is IPO' s professional opinion that if a purchaser were to implement a unit upgrade program they would realize substantial gains through rental rate increases.