Otsego, MI 49078,134 W Allegan Street
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Otsego, MI 49078,134 W Allegan Street
Otsego, MI 49078,134 W Allegan Street
Otsego, MI 49078,134 W Allegan Street
Otsego, MI 49078,134 W Allegan Street
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Sandi Smith

Sandi Smith

Trillium Real Estate

+1(734) 216-6414
$ 480,000
Est. payment /mo
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134 W Allegan Street Otsego, MI 49078

6 Baths

6,670 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 6,670 sqft

Price per Sqft $71

Municipality Otsego City

MLS Listing ID 25022992

Full Baths 6

Year Built 1914

Annual Tax Amount $9,036

Tax Year 2024

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 59X73

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

Direction Take Plainwell Exit off 131 to Otsego. Building is on the Right.

Interior

Interior Features Broadband

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

Tax ID 54-100-010-00

Ownership LLC

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash


Listed by Bellabay Realty (Middleville)