Price
$ 1,200,000

375 GRANGER RD, Ortonville, MI 48462  
  • 16 baths
  • 1,852 sqft

375 GRANGER RD, Ortonville, MI 48462  

This sale includes addresses 345,355,365 & 375 Granger Road. It consists of 4 buildings that each have 4 2 bedroom 1 bath apartments. Tenants pay their own utilities. As the apartments come available, the owner is updating the unit and raising rents to $695 per month. The projected income is based on the $695 per month. The expenses include taxes, insurance, common electric, lawn and snow and trash removal. Each building has laundry facilities which generate about $500 a month which is not included in the projected income.In the past year updates include new well, 1 new septic system, parking lot lighting, 4 new water softeners and entry doors to each building.Land contract will not amortize in 10 years so a balloon payment will be do.Please do not approach tenants. They are unaware of the sale. ( Additional MLS Data: Summer Tax: $7999, Winter Tax: $5864 )

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Listing Type
Multi-Family
Listing ID
216113904
Bathrooms
16
House Size
1,852
Lot Size
2.09 acres
Listing Status
Active
Year Built
1980
County
Oakland
Full Bath
16
Subdivision
Kearsley Creek Estates
Floors
2
Units
16
County School District
Brandon
Zoning
Multi-Family
Taxes
13863.0
TaxID
0318253032
Provided through IDX through Realcomp II Ltd. Courtesy of D A D Agency Copyright 2014 Realcomp II Ltd. Shareholders
Houses for Sale Nearby
    Listing Information Provided By:
    RE/MAX ENCORE
    8040 Ortonville Rd Suite E Clarkston, MI 48348 | Phone: (248) 620-1000
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.