Lyons Vlg-lyons Twp, MI 48851,104 N Prairie Street
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Lyons Vlg-lyons Twp, MI 48851,104 N Prairie Street
Lyons Vlg-lyons Twp, MI 48851,104 N Prairie Street
Lyons Vlg-lyons Twp, MI 48851,104 N Prairie Street
Lyons Vlg-lyons Twp, MI 48851,104 N Prairie Street

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$ 989,900
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104 N Prairie Street Lyons Vlg-lyons Twp, MI 48851

8 Beds

7,405 Sqft Lot


UPDATED:

10/18/2024 09:07 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 65024044899

Bedrooms 8

Originating Board Greater Regional Alliance of REALTORS�

Year Built 1902

Annual Tax Amount $3,304

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 82x60

Property Description

Excellent business opportunity with 9.4% cap rate, $93,036 net operating income. 4.13% assumable mortgage probably available to qualified buyer. $577,297 balance $3,744.98 P+I 25 year amortization, 3-4 years left on loan. Professionally appraised at $1,050,000. Renovated 2021 w/construction cost of 665k w/all new furnaces, hvac, water heaters, new kitchens w/shaker cabinets, new baths, new floor covering. Roof 2018 w/20 yrs warranty. Turn key very sharp units. All new appliances w/stainless steel stove, refrigerators, microwaves + in unit washer and dryers. Incredible all brick 1902 bank building .Lots of character w/safe, exposed brick, high ceilings, hardwood floors, arched windows. 7 one bedroom apts, 1 two bedroom apt, + commercial space leased to USPS. All tenants current. Renovation details and leases available upon request

Location

State MI

County Ionia

Area Lyons Vlg

Zoning Residential

Direction From Ionia take I-96 Exit 73 E onto Portland Rd West, onto E onto E Grand River, N onto S keefer Hwy which becomes Libhart st, Libhart ST turns slightly right and becomes Bridge St to Building. NE Corner of Bridge and Prairie.

Interior

Interior Features Laundry Facility

Heating Forced Air

Cooling Central Air

Fireplace no

Heat Source Natural Gas

Laundry 1

Exterior

Garage Spaces 8.0

Pool No

Waterfront no

Roof Type Rubber

Accessibility Accessible Approach with Ramp, Accessible Entrance, Other Accessibility�Features

Road Frontage Paved, Pub. Sidewalk

Garage no

Building

Sewer Public Sewer (Sewer-Sanitary), Sewer at Street, Storm Drain

Water Public (Municipal), Water at Street

Structure Type Brick

Schools

School District Ionia

Others

Pets Allowed Yes

Tax ID 08109000059000

Ownership Corporate/Relocation

Acceptable Financing Assumable (Asm-Lend App), Cash, Conventional

Listing Terms Assumable (Asm-Lend App), Cash, Conventional

Financing Assumable (Asm-Lend App),Cash,Conventional


Realcomp MLS
Listed by RE/MAX of Grand Rapids (FH)

Larry Else

Broker | License ID: 386964

+1(313) 315-3215

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