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205 Homer Road Concord, MI 49237-9570
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Key Details
Sold Price $69,500
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,772 sqft
Price per Sqft $39
Subdivision Mi
MLS Listing ID 70261362
Sold Date 06/10/22
Year Built 1900
Annual Tax Amount $1,948
Tax Year 2021
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 101x167
Property Description
Located in the beautiful Village of Concord, this duplex is ready for its new owner occupants or investor. Main level features a 2 bedroom and 1 bathroom unit. Upper level features a 1 bedroom and 1 bathroom unit. Both units a large and have large bedrooms. Units are on separate gas/electric meters. Landlord pays water/sewer/trash. Tenants pay gas/electric/lawn. Property is in close proximity to schools, shopping, dining, and more. Current rents below market. At market average, cap rate is estimated at 16% on listing price and 10.3% on future value. Property is being sold as-is and where-is.
Location
State MI
County Jackson
Area Concord (38023)
Interior
Interior Features Cable/Internet Avail.
Heating Forced Air
Cooling None
Exterior
Exterior Feature Wood
Garage Additional Garage(s)
Waterfront No
Building
Lot Description Sidewalks
Foundation Crawl
Water Public Water
Structure Type Wood
Schools
School District Concord Community Schools
Others
Energy Description Natural Gas
Acceptable Financing Cash
Listing Terms Cash
Financing Cash,Conventional
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with Coldwell Banker Groves Real Estate
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