Belleville, MI 48111 9297,46465 WILLIS Road
Belleville, MI 48111 9297,46465 WILLIS Road
Belleville, MI 48111 9297,46465 WILLIS Road
74
$930,000
$940,000
1.1%
Est.Price: ?

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12 BA
9,523 SqFt

46465 WILLIS Road Belleville, MI 48111 9297

Est. payment /mo
SOLD DATE : 10/22/2024

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Key Details

Sold Price $930,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 9,523 sqft

Price per Sqft $97

Subdivision Mi

MLS Listing ID 60317258

Sold Date 10/22/24

Style 1 Story

Full Baths 12

Year Built 1946

Annual Tax Amount $9,395

Lot Size 1.380 Acres

Acres 1.38

Lot Dimensions 95x635x636x96

Property Description

This charming, fully occupied Sumpter Township 12-unit property is comprised of two duplexes, one triplex, one quad and a stand alone single family all on one parcel. There is also a land space with a garage on the back of the parcel perfect for renting to trailers, boats and other storage seekers. The properties have been well maintained over the years with historically terrific occupancy. Appraised previously at a 6.75% cap rate. Utility meters are separated by unit, and with an already outstanding NOI, there is significant value-add opportunity, too, in both raising rents and renting the land and garage storage spaces. Moreover, this can be done with low capital on the front end as the seller is in the process of passing all city inspections, which will be completed by closing. Huge bonus there as with the property being as turnkey as can be expected for a MF property, post-close, your only job is to maximize the NOI and valuation of the property with efficient operations. Owner statement, rent roll, and walk through videos of recently occupied unit available upon request.

Location

State MI

County Wayne

Area Sumpter Twp (82151)

Interior

Heating Forced Air

Fireplace No

Exterior

Exterior Feature Vinyl Siding

Waterfront No

Building

Story 1 Story

Foundation Slab

Water Public Water

Structure Type Vinyl Siding

Schools

School District Van Buren Isd

Others

Ownership Private

Assessment Amount $16

Energy Description Natural Gas

Acceptable Financing Other

Listing Terms Other

Financing Cash,Conventional

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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by Keller Williams Somerset
Bought with LPS

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Scott Clay

Broker/Owner | License ID: 6502432343

+1(989) 332-1712

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