Jonathan DeWindt - Coldwell Banker Weir Manuel
317 W Flint
Lake Orion Vlg, MI 48362

Description

Turn-key multi-family with instant cash flow. Includes two homes consisting of 2 two-bdrm. units, and 2 one-bdrm. units. All units are fully rented and have never experienced vacancies. Walkability to downtown Lake Orion and the lake are attractive to any renter. Separate electric meters. Two bdrm. units have common heat & heat is inc. in rent. One bdrm. units have GFA & meters and tenants pay gas bills. Water is inc. in rent for all units but has a cap until tenant then pays for additional usage. One bdrm. units = $595/mo., Lower 2 bdrm. unit = $895/mo, upper 2 bdrm. unit = $825/mo. Only lower 2 bdrm. has access to bsmt. & laundry. Newer Vinyl exteriors & vinyl windows for mtn. free care. All units have stoves & ref. 3 units have window A/Cs. Showings require min. of 24 hrs. notice. This is a non-conforming property so financing is limited to only a few lenders.

Details

MLS#218083585
Sub-TypeResale
StatusActive
Year1950
Days On Site101

Features

SQ Feet3,093
Units4
Building(s)1

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Area Information

StateMI
CountyOakland
CityLake Orion Vlg
Zip Code48362
AreaLake Orion Vlg
Listing VS Median (in 48362)
Price:
$319,900
low | high
Med:
$295,000
57.78368240075% of Average
SqFt:
3,093
low | high
Med:
2,000
85.337859683156% of Average
$ / SqFt:
$103
low | high
Med:
$148
7.38746483276% of Average
On Site:
101
low | high
Med:
0
Listing Updated: 12/09/2018
MLS Number: 218083585
Listing Provided By:
Deborah C Corey  of  Real Living Kee Realty-Rochester
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