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12631 - 12 W MICHIGAN AVE Parma, MI 49269
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Key Details
Sold Price $230,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Municipality Parma Vlg
MLS Listing ID 21035254
Sold Date 07/31/19
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1974
Annual Tax Amount $3,874
Lot Size 1.370 Acres
Acres 1.37
Lot Dimensions 150x400
Property Description
EXCELLENT INVESTMENT OPPORTUNITY - Well maintained, fully rented, 7 Unit Apartment Complex in Parma & Western School District. A unique investment opportunity with all units leased & gross rents totaling over $3,000 per month. Cedar Lane Apartments consists of two well maintained apartment buildings & carport structure on 1.3 acres. 12631 W. Michigan is located in the back & is a Bi-Level design with 2 apts up & 2 down. 12633 W. Michigan has 2 one bedroom apts down & 1 large 2BR apt up. Most of the units have long term tenants. Owner pays for trash removal, water softener rental, electricity for the common areas, & maintenance. Tenants pay their own utilities. Net income does not include management fees or maintenance. All leases run from Jan-June 2019. Minimum of 24-48 hour notice required for all showings; not all units may be available to view at the same time. Measurements are estimated. This incredible, turn key investment property won't last long - call today!
Location
State MI
County Jackson
Area Jackson County - Jx
Direction I-94 to Michigan Ave Exit 128; North of Exit
Body of Water None
Rooms
Basement Slab
Interior
Heating Forced Air, Electric, Natural Gas
Exterior
Garage Driveway, Gravel
Waterfront No
View Y/N No
Street Surface Paved
Parking Type Driveway, Gravel
Building
Sewer Septic System
Structure Type Wood Siding, Brick
New Construction No
Schools
School District Western
Others
Tax ID 000-06-26-326-004-05
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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