134 W Allegan Street Pending Save Request In-Person Tour Request Virtual Tour
Otsego,MI 49078
Key Details
Property Type Commercial
Sub Type Business
Listing Status Pending
Purchase Type For Sale
Square Footage 6,670 sqft
Price per Sqft $68
Municipality Otsego City
MLS Listing ID 25022992
Full Baths 6
Year Built 1914
Annual Tax Amount $9,036
Tax Year 2024
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 59X73
Property Sub-Type Business
Property Description
Looking for a Great Investment Opportunity with a 9% Cap Rate or Return on Investment, Passing Environmental & Open Book Rent Roll for tenants & Expenses?
The Building has new flat roof on both buildings, New commercial doors, new updated commercial space that rents 5 separate offices in one commercial space and another commercial business next door along with 3 apartments filled with long term tenants.
Apartment 1 = $950/month Year Lease
Apartment 2 = $1,000/month Year Lease
Apartment 3 = $1,250/month 6 month Lease
Office 1 = $550/month Year Lease
Office 2 = $515/month Year
Office 3 = $300
Office 4 = $300
Office 5 = Vacant
Commercial Building 2 = $750/m 3 year lease
Monthly Income $5,615
Owners pay for Water & Trash Only.
No Yard Maintenance. No Snow Removal. Public Parking
Location
State MI
County Allegan
Area Greater Kalamazoo - K
Direction Take Plainwell Exit off 131 to Otsego. Building is on the Right.
Interior
Interior Features Broadband
Heating Forced Air
Cooling Central Air
Inclusions Real Estate, Non-Applicable, Furniture
Exterior
Utilities Available Natural Gas Connected,Electricity Connected
View Y/N No
Roof Type Rubber
Building
Foundation Block
Structure Type Block,Brick,Metal Siding
New Construction No
Schools
School District Otsego
Others
Tax ID 54-100-010-00
Ownership LLC
Acceptable Financing Conventional,Cash
Listing Terms Conventional,Cash