3231 RAY Road Active Save Request In-Person Tour Request Virtual Tour
Fenton Twp,MI 48430
Key Details
Property Type Multi-Family
Sub Type Duplex,Farmhouse
Listing Status Active
Purchase Type For Sale
Square Footage 3,477 sqft
Price per Sqft $244
MLS Listing ID 2220004051
Style Duplex,Farmhouse
Bedrooms 5
Full Baths 5
Year Built 1900
Annual Tax Amount $6,552
Lot Size 21.590 Acres
Property Description
Five (5) unit apartment building on 21.59 acres with room for expansion. This property also has a 5,000 sq pole barn that has a concrete floor, electricity, spray foam insulation ($30,000), a bathroom, and an office. The pole barn is not rented and can provide extra income of approximately $2,500.00 per month. For additional income, there is also a billboard which currently receives $750.00 per month for one side and $4,500.00 per year for the other. In addition to that, this 21.59 acre property has approximately 1,385 feet of frontage on US-23, and approximately 20 acres for farming with income of approximately $900.00 per year. Some updates in the farmhouse include some new flooring, bathroom tile and paint. This is an excellent investment opportunity. CITY WATER IS COMING TO THOMPSON RD THIS SUMMER & TORREY RD NEXT SUMMER! DO NOT DISTURB THE TENANTS! ALL RESIDENTIAL UNITS ARE OCCUPIED! NO SHOWINGS WITHOUT AN ACCEPTED OFFER. All information is estimated and should be verified.
Location
State MI
County Genesee
Area Fenton Twp
Zoning Agricultural
Interior
Heating Forced Air,Hot Water
Exterior
Pool No
Waterfront no
Building
Foundation Crawl
Sewer Septic Tank (Existing)
Water Well (Existing)
Structure Type Other,Vinyl
Schools
School District Lake Fenton
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional