Property Listing No Longer Available for Sale

3520 W Monroe Road, Alma, MI

Others for Sale - $299,900 - 4,000 Sq. Ft.


Property Info

CIMLS#1104128
Location
  3520 W Monroe Road
  Alma MI 48801
UpdatedNovember 26th, 2021
TypeOthers
Price$299,900
Building4,000 Sq. Ft.

Property Description

GREAT OPPORTUNITY!!! THIS PROPERTY HAS A WELL PREFORMING DUPLEX AND 24 STORAGE UNITS ALL ON 1.88 ACRES. THE DUPLEX HAS LONG TERM TENANTS, EACH UNIT IS 2 BEDROOM, 1 BATH AND IS LEASED FOR $500 EA. THE UNITS ARE IN GOOD REPAIR AND TENANTS PAY FOR UTILITIES. THE STORAGE BUSINESS HAS 20- 10X20 UNITS THAT RENT FOR $65/MO AND 4- 10X10 UNITS THAT RENT FOR $40/MO. ALL UNITS ARE OCCUPIED AND HAVE A HISTORY OF ONLY A BRIEF VACANCY BEFORE A UNIT IS FILLED AGAIN. BOTH BUILDINGS HAVE METAL ROOFS AND VINYL SIDING FOR LOW MAINTENANCE. NEARLY $30K OF POTENTIAL GROSS ON THE PROPERTY EACH YEAR


Financials


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