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$1,000,000 For Sale

5232 Pointe Dr
East China Twp, MI 48054

16 units | Multi Family Home - MLS# 218067211
Property Photo
1/13

Description

East China Township Michigan 16 Unit Investment Property. Broken down as 2 - 2 story 8 unit buildings. EACH well maintained building inc 2 attached buildings with 8 units total. 4 units up,4 units down. Each has 1 bedroom, 1 bath, laundry closet, 2 storage closets, Living room, kitchen with stove and refrigerator. Total 16 units. Each unit has its own individual tax parcel ID. So this could be converted to condos at some point and sold. The Sale includes 5230 Pointe Dr, Units A,B,C,D; 5232 Pointe Dr, Units A,B,C,D; and 5236 Pointe Dr, Units A,B,C,D; 5238 Pointe Dr, Units A,B,C,D. Tenants are month to month. Some have been there for years are paying $450 mo; recent tenants are paying $500 mo. Tenants pay security, their own water and electric. Owner pays common hall electric. snow removal, lawn cutting, exterior maintenance. Mail boxes are on premises, ample parking. Upper units have balconies, lower units have patios. Can be purchased for $900,000 if closed within 30 days.

Features

  • Architecture Level: 2 Story
  • Baths: 16
  • Conforms To Zoning: Unknown
  • Construction Materials: Brick, Vinyl
  • Cooling: Wall Unit
  • County/Area: St. Clair County
  • Foundation Details: Slab
  • Foundation Materials: Poured
  • Frontage Feet: 100
  • Full Baths: 16
  • Gross Scheduled Income: 88800.00
  • Heating: Baseboard
  • Heating Fuel: Electric
  • Income Projection: Projected
  • Listing Financing: Cash, Conventional
  • Listing Status: Active
  • Lot Dimensions: 100x200
  • Monthly Rental Income: 7400
  • Net Operating Income: 72970.00
  • Number Of Units Leased: 15
  • Originating MLS: Realcomp Ii Ltd
  • Ownership Status: Private Owned, Short Sale - No
  • Parking: Paved
  • Property Type: Multi Family Home
  • Road Frontage Type: Paved
  • School District: East China
  • Sewer: Sewer-Sanitary
  • Sq.Ft.: 5734
  • Sqft Combined: 5734
  • Sqft Source: Public Rec
  • Style: Common Entry Building
  • Sub Type: Multi Family Home
  • Unit Count: 1
  • Unit One Bed Number Of: 16
  • Units: 16
  • Water Source: Municipal Water
  • Year Built: 1980
  • Zip Code: 48054
  • Zoning: Multi-Family
agent photo
Wynne Achatz
Saint Clair, Sanilac and Macomb County
Phone: 810-765-8861
Text me at: 586-260-7653
Email: reowestrick@sbcglobal.net

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