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 | |
Updated | November 26th, 2021 |
Type | Others |
Price | $299,900 |
Building | 4,000 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