5236 Pointe Dr
East China Twp, MI 48054

$1,000,000

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.

Details

MLS#218067217
Sub-TypeResale
StatusActive
Year1980
Days On Site291

Features

SQ Feet5,734
Units1
Building(s)1

Market Activity 48054

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Area Information

StateMI
CountySt. Clair
CityEast China Twp
Zip Code48054
AreaEast China Twp
Listing VS Median (in 48054)
Price:
$1,000,000
low | high
Med:
$84,250
100% of Average
SqFt:
5,734
low | high
Med:
366
100% of Average
$ / SqFt:
$174
low | high
Med:
$55
100% of Average
On Site:
291
low | high
Med:
178.5
100% of Average
Listing Updated: 05/18/2019
MLS Number: 218067217
Listing Provided By:
Wynne Achatz  of  Real Estate One Westrick
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