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$300,000
Est. payment /mo
4 Baths
0.44 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Municipality Farmington Hills
Subdivision Farmington Hills
MLS Listing ID 20251006681
Year Built 1927
Annual Tax Amount $6,536
Lot Size 0.440 Acres
Acres 0.44
Lot Dimensions 143.55X132
Source Realcomp
Property Description
Attention investors, Solid 4 unit ranch style income property in Farmington recently renovated and fully occupied generating $3,236 Gross income per month. It is currently professionally managed and was just recently appraised at $356k! (Appriasal on file.) Zoned R1 and sits on a 144x132 lot! Easy access to everything. These units go quickly when they become available but is at 100% occupancy currently! Turn key! Shown upon accepted offer only, do not disturb tenants. There are 3 seperate structures, (Two of the units share a common wall.) One water bill, seperate utilities. Owner takes care of lawn and snow. Lender on standby for financing: Mark Sera (phone in agent remarks.) Seller MAY consider LC terms at $325k with 20% down, 7% interest, amortized over 30 years with a 5 year balloon. *Do not disturb tenants. **Shown Upon accepted offer only. ***Agents- check the agent remarks for answers to your commonly asked questions and specific instructions on submitting your offer. Do NOT Email offers! If your offer has been submitted over the weekend, we will respond the next business day. *Lawn is approx $50 per service and Snow is approx $55 per service.
Location
State MI
County Oakland
Area Oakland County - 70
Zoning Residential
Direction N of Grand River and East of Orchard Lake Rd
Rooms
Basement Crawl Space, Slab
Interior
Heating Forced Air, Hot Water
Exterior
View Y/N No
Building
Sewer Public
Water Public
Structure Type Aluminum Siding,Brick
Schools
School District Farmington
Others
Tax ID 2335126004
Acceptable Financing Cash, Conventional, Contract
Listing Terms Cash, Conventional, Contract
Special Listing Condition {"Other":true}
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Listed by EXP Realty Main