Otsego, MI 49078,134 W Allegan Street
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Otsego, MI 49078,134 W Allegan Street
Otsego, MI 49078,134 W Allegan Street
Otsego, MI 49078,134 W Allegan Street
Otsego, MI 49078,134 W Allegan Street
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Kami Kennedy

Kami Kennedy

Kamette Kennedy

+1(616) 856-4188
$ 459,900
Est. payment /mo
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Pending

134 W Allegan Street Otsego, MI 49078

6 Baths

6,670 SqFt


UPDATED:

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


Listed by Bellabay Realty (Middleville)
agent

Kami Kennedy

Agent | License ID: ric.h18672

+1(616) 856-4188

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134 W Allegan Street