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Downtown Realty

team@dtrdetroit.com +1(313) 466-7253

$ 425,000

Est. payment -/mo

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Contingent

119 E CASS Albion, MI 49224

18,592 SqFt

UPDATED:

07/16/2021 06:48 AM

Key Details

Property Type Multi-Family

Sub Type Duplex,Upper/Lower Apartment

Listing Status Contingent

Purchase Type For Sale

Square Footage 18,592 sqft

Price per Sqft $22

Subdivision None

MLS Listing ID 55202101559

Style Duplex,Upper/Lower Apartment

Originating Board Jackson Area Association of REALTORS�

Year Built 1900

Annual Tax Amount $1,395

Lot Size 0.610 Acres

Lot Dimensions 325x175

Property Description

Located within walking distance to Albion College, this 19 unit property is available for its next investor. The property features 14 residential units, 5 commercial units, on-site coin operated laundry, management office, and maintenance workshop.. Property has CCTV coverage of exterior. Financials from 2020 demonstrate an estimated 11.8% CAP rate with room for growth. Property is along the river and has a park setting across the street. Location is walking distance to dining, entertainment, shopping, school, and more.

Location

State MI

County Calhoun

Direction BTW N Superior and N Monroe along river

Interior

Hot Water Natural Gas, Other

Heating Separate Meters

Cooling Window Unit(s)

Heat Source Natural Gas

Exterior

Pool No

Waterfront Yes

Waterfront Description River Front

Porch Patio, Porch

Road Frontage Paved, Pub. Sidewalk

Building

Sewer Sewer-Sanitary

Water Municipal Water

Level or Stories 2 Story

Structure Type Block/Concrete/Masonry,Vinyl,Wood

Schools

School District Marshall/Albion

Others

Tax ID 5100067000

SqFt Source Estimated

Financing Cash,Conventional

Listed by Beiswanger and Risner RE Group

Downtown Realty

Brokerage | License ID: 6505386963

+1(313) 466-7253

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