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Key Details
Sold Price $371,500
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality Bowne Twp
MLS Listing ID 23031847
Sold Date 10/31/23
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1881
Annual Tax Amount $4,304
Tax Year 2022
Lot Size 1.000 Acres
Acres 1.0
Lot Dimensions 165x245
Property Description
🏢 Prime Investment Opportunity in Alto, MI
Welcome to 6257 Bancroft, where an exceptional 3-unit rental property awaits astute investors searching for a strategic addition to their portfolio. This property presents an impeccable blend of stability, convenience, and profit potential. With a proven tenant history and an impressive annual rent income of $38,220, this investment gem guarantees both immediate cash flow and enduring value appreciation.
Property Overview:
Discover the advantages of this property, which comprises three effortlessly manageable units. Comprising two 2-bedroom units and one 3-bedroom unit, this layout caters to a variety of tenant preferences. The prime location directly across from Alto Elementary School and easy access to I-96 add to the proper desirability.
Features and Benefits:
Strategic Unit Configuration: The property boasts two 2-bedroom units and a spacious 3-bedroom unit, optimizing flexibility and attracting a diverse range of tenants.
Convenient Location: Situated right across the street from Alto Elementary School and offering quick access to I-96, the property's location is tailored for tenant convenience and long-term demand.
Professional Management: With a dedicated property manager overseeing operations, you can trust that this investment is expertly maintained, ensuring hassle-free ownership.
Solid Tenant History: A track record of exceptional tenant satisfaction is supported by established leases in place, enhancing the property's reliability and income stability.
Investor's Dream: Whether you're a seasoned real estate investor or embarking on your investment journey, this property provides a golden opportunity to tap into a robust rental market and secure consistent rental income. desirability.
Features and Benefits:
Strategic Unit Configuration: The property boasts two 2-bedroom units and a spacious 3-bedroom unit, optimizing flexibility and attracting a diverse range of tenants.
Convenient Location: Situated right across the street from Alto Elementary School and offering quick access to I-96, the property's location is tailored for tenant convenience and long-term demand.
Professional Management: With a dedicated property manager overseeing operations, you can trust that this investment is expertly maintained, ensuring hassle-free ownership.
Solid Tenant History: A track record of exceptional tenant satisfaction is supported by established leases in place, enhancing the property's reliability and income stability.
Investor's Dream: Whether you're a seasoned real estate investor or embarking on your investment journey, this property provides a golden opportunity to tap into a robust rental market and secure consistent rental income.
Location
State MI
County Kent
Area Grand Rapids - G
Direction Whitneyville S to 60th, E to Bancroft, S to Unit.
Rooms
Basement Full
Interior
Heating Hot Water, Natural Gas
Cooling None
Fireplaces Number 1
Exterior
View Y/N No
Roof Type Composition
Street Surface Paved
Total Parking Spaces 10
Building
Lot Description Wooded
Sewer Public Sewer
Structure Type Wood Siding
New Construction No
Schools
School District Lowell
Others
Tax ID 41-24-04-176-010
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Rob Young
Broker Associate | License ID: 6506039987
Broker Associate License ID: 6506039987