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134 W Allegan Street Otsego, MI 49078
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Key Details
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 6,670 sqft
Price per Sqft $63
MLS Listing ID 25022992
Full Baths 6
Year Built 1914
Annual Tax Amount $9,036
Tax Year 2024
Lot Size 4,356 Sqft
Property Sub-Type Business
Property Description
Looking for a Great Investment Opportunity with a 9% Cap Rate or Return on Investment, Passing Environmental & Open Book Rent Roll for tenants & Expenses?
The Building has new flat roof on both buildings, New commercial doors, new updated commercial space that rents 5 separate offices in one commercial space and another commercial business next door along with 3 apartments filled with long term tenants.
Apartment 1 = $950/month Year Lease
Apartment 2 = $1,000/month Year Lease
Apartment 3 = $1,250/month 6 month Lease
Office 1 = $550/month Year Lease
Office 2 = $515/month Year
Office 3 = $300
Office 4 = $300
Office 5 = Vacant
Commercial Building 2 = $750/m 3 year lease
Monthly Income $5,615
Owners pay for Water & Trash Only.
No Yard Maintenance. No Snow Removal. Public Parking
Location
State MI
County Allegan
Area Greater Kalamazoo - K
Interior
Heating Forced Air
Cooling Central Air
Exterior
Utilities Available Natural Gas Connected, Electricity Connected
View Y/N No
Roof Type Rubber
Building
Foundation Block
Structure Type Block,Brick,Metal Siding
New Construction No
Schools
School District Otsego
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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Bought with City2Shore Real Estate Holland
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