5238 Pointe Dr

    East China Twp, MI 48054
    • $1,000,000
    • STATUS: Active
    • ON SITE: 294 days
    • ID#: 218067237
    UPDATED: 105 min ago
    $1,000,000
    • 0
      BEDS
    • N/A
      ACRES
    • 16
      BATHS
    • 0
      1/2 BATHS
    • 5,734
      SQFT
    • $174
      $/SQFT
    Type:
    Multi-Family
    Built:
    1980
    County:
    Zoning: Multi-Family
    Lot Size Dimensions: 100X200

    School Ratings & Info

    School District:

    Description

    East China Township Michigan 16 Unit Investment Property. Broken down as 2 - 2 story 8 unit buildings. EACH well maintained building inc 2 attached buildings with 8 units total. 4 units up,4 units down. Each has 1 bedroom, 1 bath, laundry closet, 2 storage closets, Living room, kitchen with stove and refrigerator. Total 16 units. Each unit has its own individual tax parcel ID. So this could be converted to condos at some point and sold. The Sale includes 5230 Pointe Dr, Units A,B,C,D; 5232 Pointe Dr, Units A,B,C,D; and 5236 Pointe Dr, Units A,B,C,D; 5238 Pointe Dr, Units A,B,C,D. Tenants are month to month. Some have been there for years are paying $450 mo; recent tenants are paying $500 mo. Tenants pay security, their own water and electric. Owner pays common hall electric. snow removal, lawn cutting, exterior maintenance. Mail boxes are on premises, ample parking. Upper units have balconies, lower units have patios. Can be purchased for $900,000 if closed within 30 days.

    Monthly Payment Calculator



    Copyright 2019 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than KNE Realty 360 are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2019-05-21T23:56:48.92.
    www.knerealty360.com/homes/86117863

    5238 Pointe Dr East China Twp, MI 48054

    • Price: $1,000,000
    • Status: Active
    • Updated: 105 min ago
    • ID#: 218067237
    0
    Beds
    16
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,734
    SQFT
    $174
    $/SQFT
    1980
    Built
    Neighborhood:
    Sunset Manor Condo Sub Plat
    County:
    St. Clair
    Area:
    East China Twp
    School District:
    EAST CHINA
    Property Description
    East China Township Michigan 16 Unit Investment Property. Broken down as 2 - 2 story 8 unit buildings. EACH well maintained building inc 2 attached buildings with 8 units total. 4 units up,4 units down. Each has 1 bedroom, 1 bath, laundry closet, 2 storage closets, Living room, kitchen with stove and refrigerator. Total 16 units. Each unit has its own individual tax parcel ID. So this could be converted to condos at some point and sold. The Sale includes 5230 Pointe Dr, Units A,B,C,D; 5232 Pointe Dr, Units A,B,C,D; and 5236 Pointe Dr, Units A,B,C,D; 5238 Pointe Dr, Units A,B,C,D. Tenants are month to month. Some have been there for years are paying $450 mo; recent tenants are paying $500 mo. Tenants pay security, their own water and electric. Owner pays common hall electric. snow removal, lawn cutting, exterior maintenance. Mail boxes are on premises, ample parking. Upper units have balconies, lower units have patios. Can be purchased for $900,000 if closed within 30 days.
    Exterior Features

    Architecture Level 2 Story Architecture Style Common Entry Building Construction Materials BrickVinyl Foundation Details Slab Foundation Materials Poured Lot Size Dimensions 100X200 Multifamily Parking Paved Pool YN No Road Frontage Feet 100 Road Frontage Type Paved Waterfront YN No

    Interior Features

    Basement YN No Baths Total 16.00 Cooling Wall Unit Heating Baseboard Heating Fuel Electric Room Count 0 Sq Ft Combined 5734 Sq Ft Source Public Rec Unit Efficiency Number Of 0 Unit One Bed Number Of 16 Unit Three Bed Number Of 0 Unit Two Bed Number Of 0

    Property Features

    Encroachment YN No Exclusions YN No Gross Scheduled Income 88800.00 Income Projection Projected Land Contract YN No Listing Financing CashConventional Monthly Rental Income 7400 Net Operating Income 72970.00 Number Of Units Leased 15 Ownership Status Private OwnedShort Sale - No Percent Homestead Exempt YN No Postal City East China Protection Period 165 Settlement Township Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 631.0000 Tax Amount Winter 166.0000 Title Private - Owned Total Tax 797.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 5238 Pointe Dr Water Source Municipal Water Zoning Multi-Family

    IDX provided courtesy of Realcomp II Ltd., via Real Estate One Westrick and Realcomp, ©2019 Realcomp II Ltd. Shareholders.


    Copyright 2019 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than KNE Realty 360 are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2019-05-21T23:56:48.92.
     
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