New Construction
Address
406-410 Eighteenth St SUMMIT, MI
Price
$ 320,000
Property Attributes
  • ID#55202101890
  • TypeContingent
  • CountyJACKSON
  • CitySUMMIT
  • AreaSummit Twp
  • NeighborhoodBELMONT PARK
  • Zip49203
  • StyleDuplex
  • Year Built1995
  • Taxes$ 4997
  • Price$ 320,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4104
  • Lot Size1.36 Acres
Listing Provided Courtesy Of:
ERA REARDON REALTY, L.L.C.
Data Source:
RealComp - 83 - MI
Property Description

Great income/investment opportunity in Summit Township. Two duplex buildings, built in 1995. South building (410) units are both 1 bedroom, spacious 2nd floor bedroom, large bath with skylight, jetted tub & separate shower, large walk-in closet, 1.5 baths, main floor laundry - very attractive setup make for easy renting! North building (406) units are both 2 bedroom, 1.5 baths, good closet/storage space, main floor laundry. New roof on both buildings in Oct. 2020. Owner built this property to be maintenance free & attractive apartments for tenants, and it has been a great investment, and will continue to be one! Owner has never had an issue renting the apartments, rents are relatively low & could be increased. Storage shed space for each unit & paved driveway for each unit. Income growth opportunity with the inclusion of 6 additional vacant lots which could allow for extra units to be built for more income, if desired!

Price History
6/18/2021 Listed $320,000

General Features

Construction Materials Stone, Vinyl
Cooling Central Air
Gross Scheduled Income 38400.00
Heating Central Air, Forced Air, Separate Meters
Homestead Yes
Listing Agent Public Id 55000000000281
Net Operating Income 28468.00
Operating Expense 9932.00
Parcel Number 090130411310900
Property Type Multifamily
Rent Includes Garbage Pickup, Int Maint W/Deduct, Water/Sewer, Other
School District Jackson
Sewer Sewer-Sanitary
Short Sale No
Status Contingent - Continue To Show
Subdivision Name BELMONT PARK
Terms Offered Cash, Conventional, FHA, VA
Total Sq Ft 4104
Transaction Type Sale
Year Built 1995

Interior Features

Heating Fuel Natural Gas
Total Baths 0.00
Total Units 4
Unit Count 4

Exterior Features

Architecture Level 2 Story
Architecture Style Duplex
Frontage Feet 264
Lot Size Area 1.36
Lot Size Dimensions 323x129x153
Porch Deck
Water Source Municipal Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via eXp Realty in Michigan and The Originating MLS(found above), © 2021 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of July 31, 2021 3:15 AM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Contingent Average in 49203

Price
AVG $150K
$320K
Taxes
AVG $2,109
$4,997
Visits
AVG 9
10
Year Built
AVG 1943
1995
Walkscore
AVG 30
50
Data Provided by Walkscore ® not using MLS data