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$ 850,000
Est. payment /mo
Pending
3231 RAY Road Fenton, MI 48430
5 Baths
21.59 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Municipality Fenton Twp
Subdivision Fenton Twp
MLS Listing ID 2220004051
Originating Board Realcomp
Year Built 1900
Annual Tax Amount $6,552
Lot Size 21.590 Acres
Acres 21.59
Lot Dimensions 435 x 1385 x 679 x 1133 x 165 x 263
Property Description
Five (5) unit apartment building on 21.59 acres with room for expansion. This property also has a 5,000 sq pole barn that has a concrete floor, electricity, spray foam insulation ($30,000), a bathroom, and an office. The pole barn is not rented and can provide extra income of approximately $2,500.00 per month. For additional income, there is also a billboard which currently receives $750.00 per month for one side and $4,500.00 per year for the other. In addition to that, this 21.59 acre property has approximately 1,385 feet of frontage on US-23, and approximately 20 acres for farming with income of approximately $900.00 per year. Some updates in the farmhouse include some new flooring, bathroom tile and paint. This is an excellent investment opportunity. CITY WATER IS COMING TO THOMPSON RD THIS SUMMER & TORREY RD NEXT SUMMER! DO NOT DISTURB THE TENANTS! ALL RESIDENTIAL UNITS ARE OCCUPIED! NO SHOWINGS WITHOUT AN ACCEPTED OFFER. All information is estimated and should be verified.
Location
State MI
County Genesee
Area Genesee County - 10
Zoning Agricultural
Direction US-23 to Thompson Rd, East on Thompson Rd to Torrey Rd, North on Torrey Rd to Ray Rd, West on Ray Rd to property
Rooms
Basement Crawl Space
Interior
Heating Forced Air, Hot Water
Exterior
View Y/N No
Building
Water Well
Structure Type Vinyl Siding,Other
Schools
School District Lake Fenton
Others
Tax ID 0603200022
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Van Esley Real Estate Inc