MLS # 26018211 (Michigan Regional Information Center (MichRIC))

Exceptional investment opportunity - 4-unit all-brick apartment building on a spacious 2-acre lot in central location near Austin Lake, Long Lake, recreational trails & parks, and close to Kalamazoo & Portage. Units 1-3 have been completely remodeled w/ new paint, carpet, blinds, kitchen appliances, backsplash, bathroom vanities, shower heads, lighting & new CO/smoke detectors. Each unit has separate electric meter (tenants pay electric only). Property features a 2020 roof, new asphalt parking lot, refreshed landscaping, and a pole barn w/ storage rooms. Additional income/utility options include 3 garage stalls (landlord use or optional tenant use) & two sets of landlord-provided washer/dryers for tenant use. Landlord pays property taxes, pole barn electric, well pump, common hallway electric, insurance, trash, & snow plowing. The expansive 2-acre parcel offers significant upside -- room to expand or build additional rental units (buyer to verify zoning/planning). Call LA for more info
Source: SparkMLS
Currently offered at $549,900.
Annual property taxes run approximately $6,801 ($567/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company.
Location
Construction & Systems
Sale & Financing
Source: SparkMLS
Source: SparkMLS
Legal Description
SEC 31-3-10 COM W1/4 POST TH E ALG E&W1/4 LI 645.44 FT TO CTR LI 24TH ST TH NWLY ALG SD CTR LI 66.83 FT FOR PL BEG TH CONT NWLY ALG SD CTR LI 102.04 FT TH E 257.85 FT TH N 235 FT TH E 188.03 FT TH S 335.27 FT TH W 428.16 FT TO BEG
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Anissa K DeSanctis
Coldwell Banker Anchor R.E.
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Consumers Energy Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
10477 S Sprinkle Road, Vicksburg, MI 49097
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Municipality
Pavilion Township
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