$440,000
$425,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
119 E CASS Albion, MI 49224
0.61 Acres Lot
Key Details
Sold Price $440,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 21095221
Year Built 1900
Annual Tax Amount $1,395
Tax Year 2021
Lot Size 0.610 Acres
Property Description
Located within walking distance to Albion College, this 19 unit property is available for its next investor. The property features 14 residential units, 5 commercial units, on-site coin operated laundry, management office, and maintenance workshop.. Property has CCTV coverage of exterior. Financials from 2020 demonstrate an estimated 11.8% CAP rate with room for growth. Property is along the river and has a park setting across the street. Location is walking distance to dining, entertainment, shopping, school, and more.
Location
State MI
County Calhoun
Interior
Heating Space Heater, Natural Gas
Fireplaces Number 6
Exterior
Garage Paved
Waterfront No
View Y/N No
Building
Lot Description Sidewalk
Sewer Public Sewer
Structure Type Wood Siding, Vinyl Siding
New Construction No
Schools
School District Marshall
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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