Acreage
$449,000
Investment Opportunity: 8-10% CAP RATE on 5-Unit Rental Property! Discover this fantastic investment property featuring 5 well-maintained rental units, all with long-term tenants. Currently at full occupancy with a waitlist, the property offers a steady income stream. Located on the scenic banks of the Grand River, this property offers stunning views and a peaceful setting, making it highly attractive to tenants. Whether you're a seasoned investor or just starting out, this opportunity provides steady income and potential for future appreciation. Dont miss out on this prime investment! (id:61635)
Property Details
MLS® Number
|
202512000 |
Property Type
|
Multi-family |
Community Name
|
Grand River |
Amenities Near By
|
Place Of Worship, Beach |
Community Features
|
Recreational Facilities, School Bus |
View Type
|
River View |
Building
Appliances
|
Range - Electric, Dryer - Electric, Washer, Refrigerator, Water Softener |
Basement Development
|
Finished |
Basement Features
|
Walk Out |
Basement Type
|
Full (finished) |
Constructed Date
|
1950 |
Exterior Finish
|
Wood Shingles |
Flooring Type
|
Laminate, Vinyl |
Foundation Type
|
Concrete Perimeter |
Type
|
Apartment |
Utility Water
|
Drilled Well |
Parking
Land
Acreage
|
Yes |
Land Amenities
|
Place Of Worship, Beach |
Sewer
|
Septic System |
Size Irregular
|
2.52 |
Size Total
|
2.52 Ac |
Size Total Text
|
2.52 Ac |