Joseph Hammel
This listing was posted on RealtyWW.
$940,000
Willis Rd, Sumpter Township, Home For Sale
Price:
$940,000
BR/BA:
10+ BR, 10+ BA
Location:
46465 Willis Rd, Van Buren Twp, MI
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 statement, rent roll, and walk through videos of recently occupied unit available upon request.For more details: https://realtyww.info/homes_michigan-r782064/for-sale_i73233007
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More About this Listing: Willis Rd, Sumpter Township, Home For Sale
Willis Rd, Sumpter Township, Home For Sale is a 10+ BR 10 Bathroom, 10+ BA, 12 Bathroom Single-Family Homes for Sale at 46465 Willis Rd in Van Buren Twp MI. Find other listings like Willis Rd, Sumpter Township, Home For Sale and listings near 46465 Willis Rd by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 12 Bathroom Single-Family Homes for Sale in Van Buren Twp MI.
Willis Rd, Sumpter Township, Home For Sale is a 10+ BR 10 Bathroom, 10+ BA, 12 Bathroom Single-Family Homes for Sale at 46465 Willis Rd in Van Buren Twp MI. Find other listings like Willis Rd, Sumpter Township, Home For Sale and listings near 46465 Willis Rd by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 12 Bathroom Single-Family Homes for Sale in Van Buren Twp MI.