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9311 S Old Hwy 27, Gaylord, MI 49735 (MLS# 201827795)

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9311 S Old Hwy 27, Gaylord, MI 49735

$765,000
Property Type: MultiFamily Status: Active
Current Price: $765,000 List Date: 1/15/2024 Last Modified: 2/27/2024

Description

Investment Opportunity! 18 units located on Old 27 South Highway, 9 miles south of Gaylord and 1.5 miles north of Waters. Most units are efficiency units and there is a one-bedroom unit. large conference room and large kitchen off of the conference room. 2 pole barns and one that is heated with 3 bays. Furnishings provided to tenants include a 2 burner hot plate, microwave and a refrigerator for each unit. Some units have tables, dressers, and corner cabinets.

More Information MLS# 201827795

Contract Information

Current Price: $765,000 Begin Date: 2024-01-12 List Price: $765,000 Status: Active

Property Information

Type: Apartments Realtor.com Type: Multi-Family Lot Size Dimensions: 150x500 # Units: 18

Location, Tax and Legal

County: Otsego St. #: 9311 Street Direction Pfx: S Street Name: Old Hwy 27 State: MI Zip Code: 49735 Ownership Status: Owner Township/City/Village: Otsego Lake Subdivision or T/R: T29N R3W Zoning: RR

Directions and Remarks

Directions: From I-75 exit 279 and Old 27 Hwy, south on Old 27 for 6.5 miles to property on East side of road

Unit 1

U1 # Bedrooms: 1 U1 Baths: 1 U1 Approx Sq Ft: 300 U1 Present Rent: 800 U1 Car Storage: Drive U1 # Spaces: 1 U1 Unit Location: M U1 OCC: Yes U1 Furnished: No U1 Type of Lease: M Lease End Date: 2024-01-31

Unit 2

U2 Baths: 1 U2 Approx Sq Ft: 150 U2 Present Rent: 550 U2 Car Storage: Drive U2 # Spaces: 1 U2 Unit Location: M U2 OCC: Yes U2 Furnished: No U2 Type Of Lease: M Lease End Date: 2024-01-31

Schools

Elementary School: Gaylord High School: Gaylord

Taxes and Possession

Possession: TBD Association Dues: No

Property Features

Style: Two Story Construction: Frame Exterior: Aluminum; Stucco; Vinyl; Wood Appliances: Dryer; GasRange/Oven; Microwave; Refrigerator; Washer Heating: Baseboard; Hot Water Cooling: None Basement: Crawl Space Water Heater: Other Water: Master; Well Sewer: Septic Laundry: Lower Level Electric: Master Fuel: Natural Gas Util Pd By Owner: Electric; Fuel; Maintenance Business/Income: Income Property Showing Instructions: Appointment Only; Rented; Showingtime Terms: Cash; Conventional Mort
Listing Office: The TEAM Real Estate Group
Last Updated: February - 27 - 2024
9311 S Old Hwy 27, Gaylord, MI 49735- MLS# 201827795
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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