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Key Details
Sold Price $44,000
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality Newaygo City
MLS Listing ID 24052227
Sold Date 10/16/24
Year Built 1960
Tax Year 2023
Lot Size 7,022 Sqft
Acres 0.16
Lot Dimensions 53x132x52x133
Property Description
This duplex is a fantastic opportunity for investors looking to implement the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat). Featuring split utilities, each unit operates independently, separate gas and electric meters making it perfect for generating rental income. With good bones, this property has great potential but needs work to reach its full value.
Whether you're ready to dive into a full rehab or seeking a rewarding project, this house is your blank canvas. Close to local schools, parks, and shopping, the location adds to its future value. Don't miss the chance to bring your vision to life! There is a small building at the River that needs to be torn down per the City.
Location
State MI
County Newaygo
Area Central Michigan - C
Direction Take US-31 N, M-120 N, W 80th St and M-82 E to E Water St in Newaygo turn left at the 1st cross street onto E Water St
Rooms
Basement Michigan Basement
Interior
Heating Forced Air
Fireplaces Number 1
Exterior
Utilities Available Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
View Y/N No
Total Parking Spaces 2
Building
Sewer Public Sewer
Structure Type Other
New Construction No
Schools
School District Newaygo
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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