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$ 499,000
Est. payment /mo
Price Dropped by $76K
5705 N State Road Arcada Twp, MI 48801
741 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 741 sqft
Price per Sqft $673
MLS Listing ID 79080017526
Originating Board Central Michigan Association of REALTORS®
Year Built 1970
Annual Tax Amount $10,202
Lot Size 3.450 Acres
Acres 3.45
Lot Dimensions 200x200x99x460x264x396
Property Description
This 3.45-acre mixed-use property offers a unique investment opportunity with both steady residential and commercial rental income. It features four fully-rented apartment units, with a fifth unit nearing completion, as well as a newer 400-foot, 5-inch well. The property also includes a commercial building with store frontage, office space, and a special-purpose 80x40 barn, built in 2011. Currently, a dog grooming business rents the commercial space on a month-to-month basis. Additionally, there is a 40x80 pole building, offering future potential for business expansion or storage use. Conveniently located just off US-127, the property provides a prime location for business opportunities while maintaining consistent rental income from the residential units and commercial tenant. With a mix of residential and commercial space, along with room for further development, this property presents an excellent opportunity for investors looking for versatility and steady returns.
Location
State MI
County Gratiot
Area Arcada Twp
Zoning Commercial,Multi-Family
Interior
Heating Forced Air, Wall Furnace
Cooling Wall Unit(s)
Fireplace no
Heat Source Natural Gas
Exterior
Garage no
Building
Foundation Slab
Sewer Septic Tank (Existing)
Water Well (Existing)
Level or Stories 1 Story
Schools
School District Alma
Others
Pets Allowed Yes
Tax ID 290100101201
Ownership Private Owned
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Listed by Cody Nevins of AMERICA'S CHOICE REALTY LLC
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