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20494 M205

Edwardsburg, MI 49112
  • $897,500
  • STATUS: Closed
  • ON SITE: 49 Days
  • MLS #: 22018796
Sold - 06/30/2022
$897,500
SOLD - 06/30/2022
  • 3
    BEDS
  • 3
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1991
County:

School Ratings & Info

School District:

Description

Great Investment Opportunity! Fieldstone Manor features 5 duplex buildings with a total of 10 well-cared for apartment homes 9 identical 2-bedroom floorplans and one 1-bedroom unit that is handicap accessible. Each unit is 840 sq ft and total rent is $7785/month. One well for all buildings. Each building has its own septic and water softener (owner supplies salt). Roofs and HVACs are mostly newer. Conveniently located to Elkhart in an award-winning school district.

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© 2022 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2022-07-07T00:02:35.447.
www.c21northland.com/homes/128859296
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20494 M205 Edwardsburg, MI 49112

  • Price: $899,900
  • Status: Closed
  • On Site: 49 Days
  • Updated: 58 min ago
  • MLS #: 22018796
3
Beds
2
Baths
0
½ Baths
3
Acres
1991
Built
Neighborhood:
Mason Twp
County:
Cass
Area:
Mason Township
School District:
Edwardsburg
Property Description
Great Investment Opportunity! Fieldstone Manor features 5 duplex buildings with a total of 10 well-cared for apartment homes 9 identical 2-bedroom floorplans and one 1-bedroom unit that is handicap accessible. Each unit is 840 sq ft and total rent is $7785/month. One well for all buildings. Each building has its own septic and water softener (owner supplies salt). Roofs and HVACs are mostly newer. Conveniently located to Elkhart in an award-winning school district.
Exterior Features

Driveway Concrete Exterior Material Vinyl Siding Lot Description Cul-De-SacLevel Lot Dimensions 200X553 Number Of Buildings 5.00 Parking Spaces 20.0000 Road Frontage 200.00 Roofing Composition Street Type Private Substructure Crawl Space Water Access No Water Frontage 0.00 Waterfront No

Interior Features

Air Conditioning Central Air Basement No Extras Garages Heat Source Natural Gas Heat Type Forced Air Sq Ft Unit1 840.00 Sq Ft Unit2 840.00 Unit1 Full Baths 1 Unit1 Half Baths 0 Unit2 Full Baths 1 Unit2 Half Baths 0 Units Type1 9 Units Type2 1

Property Features

Accessibility Features 36 Inch Entrance DooAccessible Bath SinkGrab Bar Mn Flr Bath Annual Insurance 7900.00 Annual Maintenance 5765.00 Annual Mgmt Fees 0.00 Annual Property Tax 8535.00 Annual Utilities 1135.00 Association Southwestern Michigan Association Of Realtors Auction Or For Sale For Sale Gross Operating Inc 96000.00 Homestead Percentage 0.00 Multifamily Type 5+ Units Net Operating Inc 72183.00 New Construction No Owner Pays SewerWater Possession Negotiable Rent Unit1 800.00 Rent Unit2 800.00 Sale Conditions None Sewer Septic System Tax Year 2021 Tenant Pays ElectricGasTrash Terms Available CashConventional Total Expenses 23817.00 Unit1 Central AirDeck/PatioGarageGarb DispRange OvenRefrigeratorSep. Heat SystemW/D Hookup Unit2 Central AirDeck/PatioGarageRange/OvenRefrigeratorSep. Heat SystemW/D Hookup Util Avl At Street CableElectricNatural Gas Utilities Attached CableElectricNatural Gas Water Well

Listing provided courtesy of Tim Murray of Coldwell Banker Real Estate Group. © 2022 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2022 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2022-07-07T00:02:35.447.
 
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