$940,000 pending
46465 willis, belleville, MI 48111
Property Description
This charming, fully occupied Sumpter Township 12-unit property is comprised of two duplexes, one triplex, one quad and a stand alone single family all on one parcel. There is also a land space with a garage on the back of the parcel perfect for renting to trailers, boats and other storage seekers. The properties have been well maintained over the years with historically terrific occupancy. Appraised previously at a 6.75% cap rate. Utility meters are separated by unit, and with an already outstanding NOI, there is significant value-add opportunity, too, in both raising rents and renting the land and garage storage spaces. Moreover, this can be done with low capital on the front end as the seller is in the process of passing all city inspections, which will be completed by closing. Huge bonus there as with the property being as turnkey as can be expected for a MF property, post-close, your only job is to maximize the NOI and valuation of the property with efficient operations. Owner sta
General Information
Sale Price: $940,000
Price/SqFt: $99
Status: Pending
MLS#: 258
City: sumpter twp
Post Office: belleville
Schools: van buren isd
County: Wayne
Acres: 1.38
Lot Dim: 95x635x636x96
Bedrooms:0
Bathrooms:12 (12 full, 0 half)
Size: 9,523 sq.ft.
Acreage: 1.38 est.
Year Built: 1946
Style: 1 Story
Features & Room Sizes
Basement: No
Heating: Forced Air
Tax, Fees & Legal
Est. Summer Taxes: $4,125
Est. Winter Taxes: $5,270
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All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Joseph Hammel of Keller Williams Somerset
This listing last updated: Tue, August 27, 2024 at 1:57:52 PM EDT
MIRealSource Listing Data Last Updated On Sunday, September 8 2024 at 8:15pm