$69,500
$60,000
15.8%For more information regarding the value of a property, please contact us for a free consultation.
10,454 Sqft Lot
SOLD DATE : 06/10/2022
Key Details
Sold Price $69,500
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality Concord Vllg
Subdivision Assessors Plat
MLS Listing ID 22018469
Sold Date 06/10/22
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1900
Annual Tax Amount $1,948
Tax Year 2021
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 101x167
Property Description
Located in the beautiful Village of Concord, this duplex is ready for its new owner occupants or investor. Main level features a 2 bedroom and 1 bathroom unit. Upper level features a 1 bedroom and 1 bathroom unit. Both units a large and have large bedrooms. Units are on separate gas/electric meters. Landlord pays water/sewer/trash. Tenants pay gas/electric/lawn. Property is in close proximity to schools, shopping, dining, and more. Current rents below market. At market average, cap rate is estimated at 16% on listing price and 10.3% on future value. Property is being sold as-is and where-is.
Location
State MI
County Jackson
Area Jackson County - Jx
Direction Form Main St in Village of Concord, go W on Homer St. Corner of Homer St and Maple St.
Rooms
Basement Crawl Space, Full
Interior
Heating Forced Air, Natural Gas
Cooling None
Fireplaces Number 1
Exterior
Parking Features Asphalt, Driveway
View Y/N No
Roof Type Other
Topography {Level=true}
Street Surface Paved
Total Parking Spaces 4
Building
Lot Description Sidewalk, Corner Lot
Sewer Public Sewer
Structure Type Wood Siding
New Construction No
Schools
School District Concord
Others
Tax ID 003-11-27-327-028-05
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "