400 W Main Street

    Otisville Vlg, MI 48463
    • $124,900
    • STATUS: Active
    • ON SITE: 224 days
    • ID#: 219066435
    UPDATED: 14 min ago
    $124,900
    • 0
      BEDS
    • 2.07
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,300
      SQFT
    • $38
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1876
    County:
    Zoning:
    Multi-Family
    Lot Size Dimensions:
    305.50X166.30

    School Ratings & Info

    School District:

    Description

    Good Bones! opportunity to become an owner of a 4-plex. This property is located 22 miles straight N. of Ortonville in this cozy town of Otisville. There are currently 4 furnaces one for each unit. All the utilities are functional with city and sewer water. All we need is a little bit of TLC to bring the building back to its former grandeur. About 4 main months worth of work is needed to revitalize this diamond in the rough. Rent 5 years ago was $2000/mo for all 4 units. Submit your offer immediately to capitalize on this once in a life time opportunity.

    Monthly Payment Calculator



    © 2020 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2020-02-18T08:56:25.283.
    www.nexushomesearch.com/homes/96636275

    400 W Main Street Otisville Vlg, MI 48463

    • Price: $124,900
    • Status: Active
    • Updated: 14 min ago
    • ID#: 219066435
    0
    Beds
    4
    Baths
    0
    ½ Baths
    2.07
    Acres
    3,300
    SQFT
    $38
    $/SQFT
    1876
    Built
    Neighborhood:
    Otisville Vlg
    County:
    Genesee
    Area:
    Otisville Vlg
    School District:
    LAKEVILLE
    Property Description
    Good Bones! opportunity to become an owner of a 4-plex. This property is located 22 miles straight N. of Ortonville in this cozy town of Otisville. There are currently 4 furnaces one for each unit. All the utilities are functional with city and sewer water. All we need is a little bit of TLC to bring the building back to its former grandeur. About 4 main months worth of work is needed to revitalize this diamond in the rough. Rent 5 years ago was $2000/mo for all 4 units. Submit your offer immediately to capitalize on this once in a life time opportunity.
    Exterior Features

    Architecture Level 2 Story Architecture Style Common Entry BuildingUpper/Lower Apartment Construction Materials VinylWood Foundation Details Basement Foundation Materials Block Lot Size Dimensions 305.50X166.30 Pool YN No Porch Type Porch - Covered Road Frontage Type Paved Roof Material Asphalt Waterfront YN No

    Interior Features

    Basement Type Unfinished Basement YN Yes Baths Total 4.00 Cooling Ceiling Fan(S) Heating BaseboardForced Air Heating Fuel Natural Gas Room Count 0 Sq Ft Combined 3300 Sq Ft Source Prd Sq Ft Total Basement 800 Unit Efficiency Number Of 0 Unit One Bed Number Of 3 Unit Three Bed Number Of 0 Unit Two Bed Number Of 1 Water Heater Fuel Natural Gas

    Property Features

    Assessment 200 Deposit Amount 50000.00 Encroachment YN No Gross Scheduled Income 24000.00 Income Projection Projected Land Contract YN Yes Land Interest Rate 7 Land Payment 1000 Land Terms 36 Legal Rental Certified YN Yes Listing Financing CashConventionalLand Contract Monthly Rental Income 2000 Net Operating Income 2000.00 Number Of Units Leased 0 Ownership Status Private OwnedShort Sale - No Percent Homestead Exempt YN No Postal City Otisville Protection Period 180 Restrictions YN No Settlement Village Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 564.0000 Tax Amount Winter 1914.0000 Title Private - Owned Total Tax 2478.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 400 W MAIN ST Water Source Municipal Water Zoning Multi-Family

    IDX provided courtesy of Realcomp II Ltd., via Exp Realty Llc and Realcomp, ©2020 Realcomp II Ltd. Shareholders.


    © 2020 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2020-02-18T08:56:25.283.
     
    RE/MAX Nexus
    255 E. Brown St - Suite 205
    Birmingham MI, 48009