46465 WILLIS Road Pending Save Request In-Person Tour Request Virtual Tour
Sumpter Twp,MI 48111
Key Details
Property Type Multi-Family
Sub Type Colonial,Ranch
Listing Status Pending
Purchase Type For Sale
Square Footage 9,523 sqft
Price per Sqft $98
MLS Listing ID 20240041672
Style Colonial,Ranch
Bedrooms 12
Full Baths 12
Year Built 1946
Annual Tax Amount $9,395
Lot Size 1.380 Acres
Property 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.
Location
State MI
County Wayne
Area Sumpter Twp
Zoning Multi-Family,Residential
Interior
Heating Forced Air
Exterior
Pool No
Waterfront no
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Vinyl
Schools
School District Van Buren
Others
Assessment Amount $16
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional