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Keller Williams

420 E Portage AVE, Sault Ste Marie, MI 49783

$225,000
Property Type: MultiFamily Square Footage: 4,298 Status: Sold
Current Price: $225,000 List Date: 2/19/2020 Last Modified: 8/27/2024

Overview

Description

This is a rare opportunity to own this five unit apartment complex conveniently located near downtown just 1 block from the city marina and coast guard base. This quality brick building was originally built with five two bedroom identical units. Each unit features large living room, hardwood floors, separate heat control, front and rear entrance plus basement storage area. There is a one car dedicated garage space for each unit. The building is in very good condition throughout. This investment shows a very good return on investment and has had very good rental history with many long term tenants. If you are looking for a great investment call for a showing today.

Listing Details MLS# 20-102

Contract Information

For Sale or Rent
For Sale

Property Information

Type
5/6 Units
Realtor.com Type
Multi-Family
Garage
Yes
Utilities
Separate
Number of Units
5
Total SqFt.
4298
Source of sq. ft.
Agent measurement
Total finished sq ft
4298
Abv grade fin sq ft
3544
Blw grade fin sq ft
754
Blw grde unfin sq ft
1018
Year Built
1955
Parking
Garages and open
Duplicate
No

Location Tax and Legal

Area
12 - Sault Ste. Marie (East)
Unit #/St #/Space #
420
Street Direction Pfx
E
Street Name
Portage
Street Suffix
AVE
State
MI
Zip Code
49783
County
CHIPPEWA

Directions and Remarks

Directions
Located just West of the Intersection of Johnston and Portage Ave.
Hot Sheet Comment
new
Book Msg 2
*** NEW LISTING ***

Sold Info

Contingent
Active w/Contingencies
Sold Date
2020-04-03

Annual Income

Total Gross
37860
Less Vacancy
1200

More Information

Unit 1

# Bedrooms
2
# Baths
Yes
Rent
625
Aprox SqFt
754
Location
Yes
Occupied
Yes
Appliances Incl
stove, refrigerator

Unit 2

Rooms
4
# Bedrooms
2
# Baths
Yes
Rent
625
Aprox SqFt
754
Location
Yes
Occupied
Yes
Appliances Incl
stove, refrigerator

Unit 3

Rooms
4
# Bedrooms
2
# Baths
Yes
Rent
700
Aprox SqFt
754
Location
2
Occupied
Yes
Appliances Incl
stove, refrigerator

Unit 4

Rooms
4
# Bedrooms
2
# Baths
Yes
Rent
655
Aprox SqFt
754
Location
2
Occupied
Yes
Appliances Incl
stove, refrigerator

Unit 5

Rooms
4
# Bedrooms
2
# Baths
Yes
Rent
550
Aprox SqFt
754
Location
B
Occupied
Yes
Appliances Incl
stove, refrigerator

Property Features

Documents on File: Seller's Disclosure Occupancy: Tenant Construction: Frame Exterior: Brick Util Pd By Owner: Gas; Water; Garbage Miscellaneous: Separate Meters; Individual Heat Number of Stories: Two Possession: Closing; Subject to Tenants U1 Features: Kitchen/Dining Combo; Garage Utility Room; Com Outside Entrance; Private Bath; Extra Storage U2 Features: Kitchen/Dining Combo; Garage Utility Room; Com Outside Entrance; Private Bath; Extra Storage U3 Features: Kitchen/Dining Combo; Garage Utility Room; Com Outside Entrance; Private Bath; Extra Storage U4 Features: Kitchen/Dining Combo; Garage Utility Room; Com Outside Entrance; Private Bath; Extra Storage U5 Features: Kitchen/Dining Combo; Garage Utility Room; Com Outside Entrance; Private Bath; Extra Storage Showing Instructions: 24 Hr Notice; Appointment Only
Listing Office: Smith & Company Real Estate
Listing Agent: STEVE SANDERSON
Last Updated: August - 27 - 2024
Information deemed reliable but not guaranteed.