134 W Allegan Street new Save Request In-Person Tour Request Virtual Tour
Otsego,MI 49078
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 6,670 sqft
Price per Sqft $71
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? Look no farther! The sellers did all the work for you!
The Building has new flat roof on both buildings, New commercial doors, new updated commercial space that rents 5 separate units as office space to individuals, 3 apartments with long term tenants, & additional commercial space that holds a 3 year lease.There is room to grow! This property brings in over $5,000/month
3 small offices each $465 month
2 larger offices each $500 month
Apt 1 Brings in $1,000/month
Apt 2 Brings in $950/month
Apt A Brings in $1,250/month
Taxes are $9,000 yr
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
Inclusions Real Estate, Non-Applicable, Furniture
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