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10612 GRAND RIVER Road Brighton, MI 48116 9588
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Key Details
Sold Price $1,240,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,382 sqft
Price per Sqft $167
Subdivision Mi
MLS Listing ID 60321646
Sold Date 08/26/24
Style 2 Story
Full Baths 9
Year Built 1960
Annual Tax Amount $16,520
Lot Size 1.700 Acres
Acres 1.7
Lot Dimensions 168.00 x 440.00
Property Description
The ONE11 Residences – Brighton are located in Brighton, Michigan on Grand River Rd. The building consists of 9 apartment units with plenty of parking. The property is currently 100% occupied grossing over $10,325 per month. Of the 9 apartment units, eight of them are 2 bedroom 1 bath (740 square feet), and the other is a 1 bedroom 1 bath. All 9 units have been completely renovated from top to bottom in the past two years. The entire parking lot was redone last year with new asphalt, all new water heaters, freshly painted exterior, new lighting, signage, and addresses. There is plenty of parking which is included in the rent. Also included in the rent are newly built storage units in the lower level. The building heated through baseboard heat powered by a boiler, and the tenants have window AC units to keep the apartment cool in the summer. Landlord pays for water and heat, the tenant pays for electricity through the individually metered units. Landlord is reimbursed by Tenants for Gas & Water.
Location
State MI
County Livingston
Area Brighton Twp (47001)
Zoning Commercial
Rooms
Basement Block
Interior
Heating Baseboard, Electric Heat, Hot Water
Fireplace No
Exterior
Exterior Feature Brick
Waterfront No
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Brighton Area Schools
Others
Ownership Private
Energy Description Electric
Acceptable Financing Cash
Listing Terms Cash
Financing Cash,Conventional
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Bought with LPS