MLS® ID: 45379740

4950 N Lake Rd

Clarklake, Michigan, 49234

$430,000 Active
  • 5824 SQFT
Nice 12 unit near Clark Lake One bedroom, efficiency units are currently rented. Many updates. Call listing office for further information. All measurements are approximate. NCDG Realty & Property Management presents this 12 unit property. All units are on one level. 100% OCCUPANCY! Over 19.78% Cash on Cash return on investment. 10.44% CAP RATE!! 75% have been rented for $425/m 2 other units rented for $400 and one unit rented for $385 waiting for their leases to end to increase rent on these units (see rent roll). These units have so much demand it only takes one week for the units to be filled. Rent was increased by 10% within the last 2 months. Each unit is one bedroom one bath over 400 sq ft living space. Utilities are only Electricity which the tenants pay for (heat and cooking is electric). Well water is connected to water softener. Low maintenance cost. TAXES ARE: summer $3,522.37 Winter $797.05 All of the financials are real and are up to date. Price is only $430,000. Se
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Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    49234
  • SQFT
    5824
  • Bedrooms
    0
  • Property type
    Income Property
  • Year built
    1960
  • Lot size
    2.01
  • Tax year
    0
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • Price Range
    $400k-$500k
  • Square Feet Range
    5000-7000 sq ft.
  • Year Built Range
    1989 (and earlier)

Location

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