2180-2188 Meadowlawn, Holt, MI 48842 (MLS# 234466)


$1,200,000
2180-2188 Meadowlawn
Holt, MI 48842
MLS# 234466
Status: Pending
24 baths  |  13080 sqft


2180-2188 Meadowlawn, Holt, MI 48842
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Property Description
Well maintained and managed apartment complex. Many capital improvements including metal roofs (2017), one new boiler (2014). Financial information upon request. Seller is List Agent.

Details
Maps
Contract Info
List Price: $1,200,000
Current Price: $1,200,000
Lease/List Price/SqFt: 75
Location & Legal Info
Street #: 2180-2188
Street Name: Meadowlawn
State: MI
Zip Code: 48842
School District: Holt/Dimondale
Key: CLA
Township/Tax Authority: Delhi Twp
County: Ingham
Subdivision: Meadowlawn
Legal: (DP 1423-1 1424 1424-1) LOT 18 & ALL THAT PT OF ABANDONED 55 FT WIDE JACKSON RD LYING N OF & ADJ TO LOT 18, MEADOW LAWN
Directions: Cedar/Keller E to Meadowlawn, S to Buildings on East Side of Road
General Property Info
Property Sub-Type: Income
Building 1 Description: 12 Unit Apartment Building
Building 2 Description: 12 Unit Apartment Building
# of Units: 24
Year Built: 1965
SqFt - Appx Total Finished: 13080
SqFt - Above Appx: 16000
Baths - Total: 24
Lavs: 24
Stories: 2
Parking Total: 46
Sprinkler: No
Spec Sheet Available: No
Environmental Audit: No
Environmental Discl: No
Survey Available: No
Lot Dimensions: 229 x 247
Lot Acres: 1
ECO Friendly Features: No
Tax Info
State Eq Value: 170700
Taxes: 24000
Tax Year: 2017
Parcel #: 33-25-05-14-328-017
Taxable Value: 170700
Zoning: Multi-Family
Remarks & Misc
Photo Instructions: Office Submit
Status Change Info
Status: Pending
Under Contract Date: 2019-01-04
Income & Expenses
Annual Income: 167800
Utilities: 28800
Repair Maintenance: 12000
Insurance: 5600
Tax Expense: 24100
Income Available: Yes
Net Operating Income: 94900
Annual Inc & Expense
Gross Rent: 167800
Water/Sewer Expense: 13412
Tax Expense: 24100
Electricity: 3046
Less Fuel: 11438
Insurance: 5600
Net Income: 94900
Unit Information
# Deposits: 24
# Written Leases: 24
Misc Business Info
# Parking: 30
Parking Surface: Asphalt
Roof Type: Metal
Zoning: Residential
Property Features
Current Use: Residence; Other
Appliances: Dishwasher; Disposal; Exhaust Fan; Microwave; Oven; Range; Refrigerator
Basement: Egress Windows
Exterior: Brick; Vinyl Siding
Driveway: Blacktop
Water: Public
Sewer: Public Sewer
Roof: Metal
Extras: High Speed Internet Avlbl: Cable; Smoke Alarm
Garage: No Garage
Heating: Hot Water - Gas
Water Heater: Gas Natural
Land & Acreage: 1/2+ thru 1 Acre
Type: Bi-Level
Terms: Cash; Conventional
Showing: 24 Hour Notice; Tenant; Showing Time

Listing Office: Stuart & Associates Real Estate LLC

Listing Agent: Leigh Braatz

Last Updated: March - 13 - 2019

Information deemed reliable but not guaranteed.

Tuesday 26th of March 2019 02:45 AM