506 N Center Avenue, Gaylord, MI 49735

$149,900

Property Description

Four unit apartment building currently under renovation. Priced to be sold in an as-is condition, but seller is continuing the work to complete the renovation. Unit #4 is complete and occupied at $800 per month. Unit #3 is also complete and rented for $680. Rent projections for the other two units once complete are $750 and $700 per month. Gas and electric are all metered separately. New siding was just installed. Additional insulation was added in the attic and basement to increase efficiency and meet/exceed current building code.If the property does not sell before the project is completed and units are occupied owner will adjust the list price.

Additional Information

Style
Two Story
Waterfront
Yes
Exterior
Vinyl
Interior
Bilco Door
Appliances
Dryer, Electric Range, GasRange/Oven, Refrigerator, Washer
Lot Dimensions
99x132
Construction
Frame
Basement Description
Michigan
Elementary School
Gaylord
High School
Gaylord
Cooling
None
Heating
Electric, Forced Air, Natural Gas
Water
Municipal
Sewer
Municipal

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of Ryan Wojan from Smith Realty Group.

The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than Real Estate Company are marked with the WWLX logo and the detailed information about said listing includes the listing office. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Real Estate Company shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Water Wonderland MLS, Inc © All rights reserved.