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Key Details
Sold Price $54,500
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality Newaygo City
MLS Listing ID 24052188
Sold Date 11/04/24
Year Built 1960
Tax Year 2023
Lot Size 0.252 Acres
Acres 0.25
Lot Dimensions 83x132
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.
For those interested in flexible financing, the seller is open to a land contract with $25,000 down, 10% interest, and $350 per month payments.
Location
State MI
County Newaygo
Area Central Michigan - C
Direction 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
Tax ID 19-19-105-011
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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