725 76th Street SE, Culterville , Grand Rapid, MI
Multi-family for Sale - $175,000 - 3,000 Sq. Ft.
Property Info
| CIMLS# | 165503 |
| Location 725 76th Street SE Culterville , Grand Rapid MI 49508 | |
| Updated | October 12th, 2011 |
| Type | Multi-family |
| Price | $175,000 |
| Building | 3,000 Sq. Ft. |
Property Description
Two 5 bedroom duplex townhouse built in 1980. In excellent condition with long term tenant occupation. One tenant has been resident for 7 years and the other for 2 years.
No capital expenditures anticipated. New refrigerator and water heater installed recently. Happy tenants with all issues addressed.
Financials
Rental revenue $ 2450
Taxes $400
Landscaping/Snowploughing $50
Water/Sewage $50
Insurance $60
All other utilities paid by tenants
Minimal Maintenace Costs
Maintenace reserve $100
Management Self/In house
Total Expenses $660
Monthly revenue $1790
Per annum Revenue $21480