MI
Allegan
Otsego City
49078
134 W Allegan Street
134 W Allegan Street, Otsego City, MI 49078
Share Listing
Listing Type
Other
Listing Status
pending
23
$459,900

Home Details for 134 W Allegan Street

Price
$459,900
Type
Business Opportunity
Bedrooms
0
Bathrooms
6.0
Square feet
NaN
Year built
1914
Lot size acres
0.1
County
Allegan
Garage
Basement
Partial, Storage Space
Days on site
196
MLS Listing#
65025022992
Property Description

Looking for a Great Investment Opportunity with a 9% Cap Rate or Return on Investment, Passing Environmental & Open Book Rent Roll for tenants & Expenses?The Building has new flat roof on both buildings, New commercial doors, new updated commercial space that rents 5 separate offices in one commercial space and another commercial business next door along with 3 apartments filled with long term tenants.Apartment 1 = $950/month Year LeaseApartment 2 = $1,000/month Year LeaseApartment 3 = $1,250/month 6 month LeaseOffice 1 = $550/month Year LeaseOffice 2 = $515/month YearOffice 3 = $300Office 4 = $300Office 5 = VacantCommercial Building 2 = $750/m 3 year leaseMonthly Income $5,615 Owners pay for Water & Trash Only.No Yard Maintenance. No Snow Removal. Public Parking

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Utilities
    • Electricity Connected
    • Natural Gas Connected
  • Parking
    • Paved
    • Shared Driveway
  • Basement
    • Partial
    • Storage Space
  • Cooling Information
    • Central Air
  • Water Features
    • Public
Listing Courtesy: Bellabay Realty (Middleville) - 269-795-3305
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Median Listing Price
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Market statistics compiled from data from Michigan Regional Information Center.
EXIT AHEAD REALTY
1542 N. Leroy, Suite 2A, Fenton, MI 48430
Office
810 347 5354
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