• 45416 M-51 Decatur, Michigan 49045

  • $499,900
  • 2
    Bed(s)
  • 0
    Baths
  • 0
    Sq Ft
  • 7.07
    Acres

Welcome to an exciting investment opportunity - a six-unit property situated on seven wooded acres, offering immense potential for both immediate and future expansion. Each unit features two bedrooms and one bathroom, offering comfortable living spaces for residents. While the interiors are in need of updating, this presents an opportunity to revitalize each unit with modern finishes and amenities. One of the remarkable aspects of this property is the potential for future expansion. With seven acres of wooded land at your disposal, the possibilities for growth are endless. Explore the opportunity to add additional units or even develop recreational amenities that enhance the overall appeal of the property. This ability to expand ensures long-term growth and increased profitability.

Property Type :

Multifamily

County :

Van Buren

Style :

Multifamily

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Property Details

 

Interior Features

Laundry Facility,Cable Available

Roof : Composition

Heating & Cooling

Cooling: Central Air

Heating: Baseboard,Forced Air

Heating Fuel: Electric,Natural Gas

Building Information

Year Built: 1978

Total Units: 6

Roof: Composition

Utility Features

Sewer: Septic Tank (Existing)

Water

Public (Municipal),Water at Street

Lot Information

Lot Size: 7.07

Lot Dimensions: Irregular

Frontage Feet: 300

Property Information

Financing: Cash,Conventional

Listing Price Information

Original List Price: $499,900

Listing Information

Possession: Negotiable

Legal Description: See attached Survey

Tax Information

Annual Tax: $7,212

Parcel Number: 800801903211

Possession

Negotiable

Legal Information

Legal Description: Section: See attached Survey

Parking Information

Parking: 10

Multi-Unit Information

Road Frontage: Paved

Unit 2 Information

# of Bedrooms: 1

School Information

School District: Decatur

Utility Information

Water:Public (Municipal),Water at Street

Sewer:Septic Tank (Existing)

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3040&50 62nd Street , Decatur, MI,49045 $349,999 -- -- -- 33.24 Acres
3040&50 62nd Street, Decatur, MI,49045 $349,999 -- -- -- 33.24 Acres
51762 Co Rd 352, Decatur, MI,49045 $85,000 2 1 650 4.89 Acres
79728 55th Street , Decatur, MI,49045 $1,490,000 4 3.5 4,887 156.44 Acres
79728 55th Street, Decatur, MI,49045 $1,490,000 4 4 6,718 156.44 Acres
E Beers Street , Decatur, MI,49045 $19,900 -- -- -- 0.39 Acre
E Beers Street, Decatur, MI,49045 $19,900 -- -- -- 0.39 Acre
410 Lee Avenue , Decatur, MI,49045 $24,900 -- -- -- 0.26 Acre
410 Lee Avenue, Decatur, MI,49045 $24,900 -- -- -- 0.26 Acre
44734 Co Rd 352 , Decatur, MI,49045 $14,900 -- -- -- 0.41 Acre
MLS Logo

Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2024 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 04/28/2024 @ 08:40

MLS: 601810371
LISTED BY: David Cerven , RE/MAX Advantage
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: 3.00%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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