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$118,500 For Sale

111 E Main St
Parma, MI 49269

3 units | Multi Family Home
13939 sq ft lot - MLS# 201703295
Property Photo
1/23

Description

Great investment/income property! 111 E Main St. - Parma Post Office rents for $800/mo, 107 S. Union - 3 bdrm home rents for $755/mo, 115 E. Main St. - efficiency apartment rents for $350/mo. Home has been updated with newer siding, insulation, windows, plus tenant has been there 13+ yrs. Newer roof in 97. Post Office has been operating since 1958. New roof on Post Office building in 2016. Efficiency apartment could also be used for business again (not residential). Unique property, unique opportunity for any investor!

Features

  • Acres: 0.3200
  • Building Misc.: Cable TV
  • County/Area: Jackson County
  • Ea Unit Misc. 1: Cable TV, Eat-In Space/Kitchen, Smoke Alarm, Window Treatments, Range/Oven, Refrigerator, Garage, Ca
  • Ea Unit Misc. 2: Cable TV, Eat-In Space/Kitchen, Smoke Alarm, Window Treatments, Range/Oven, Refrigerator
  • Electric Paid By: Tenant
  • Exterior: Cement Block, Rough Sawn, Vinyl
  • Flooring: Carpeting, Vinyl/Laminate
  • Foundation: Full Basement, Slab
  • Fuel Paid By: Tenant
  • Fuel Type: Natural Gas, Separate Meters Electric, Separate Meters Gas
  • Gas Paid By: Tenant
  • Gross Rent: 22860
  • Heat/Cool: Forced Air, Gas Water Heater
  • Insurance Exp: 1802
  • Insurance Paid By: Owner
  • Land Description: Corner Lot, Sidewalk
  • Listing Status: Active
  • Lot Front: 118
  • Lot Size: 132x95x134
  • Maint Paid By: Owner
  • Management Paid By: Owner
  • Mgmt Exp: 2286
  • Misc. Exterior: Out Building
  • Net Income: 14514.73
  • New-Occupied: Pre-Owned
  • Property Type: Multi Family Home
  • Road Type: Paved, Gravel Driveway
  • School District: Western
  • Source Of Sqft: Estimated
  • Sq.Ft.: 3231
  • Style: 1 Story, 2 Story
  • Sub Type: 1 to 4 Units
  • Subdivision: Moe's Addition
  • Subdivision/Neighborhood: Moe's Addition
  • Taxes Paid By: Owner
  • Total Expense: 8345.77
  • Total Income: 22860
  • Township: Sandstone Charter
  • Trash Rem Exp: 216
  • Trash Removal Paid By: Owner
  • Unit 1 # Bdrms: 3
  • Unit 1 # Full Baths: 1
  • Unit 1 # Garage: 2
  • Unit 1 # Of Parking: 4
  • Unit 1 # Rooms: 7
  • Unit 1 Curr. Mo. Rent: 755
  • Unit 1 Sq Ft: 1643
  • Unit 2 # Bedrooms: 1
  • Unit 2 # Full Baths: 1
  • Unit 2 # Of Parking: 4
  • Unit 2 # Rooms: 2
  • Unit 2 Curr. Mo. Rent: 350
  • Unit 2 Sq Ft: 388
  • Unit 3 # Full Baths: 1
  • Unit 3 # Of Parking: 3
  • Unit 3 # Rooms: 3
  • Unit 3 Curr. Mo. Rent: 800
  • Unit 3 Sq Ft: 1200
  • Units: 3
  • Water/Sewer: Community/Public Water, Community/Public Sewer
  • Water/Sewer Paid By: Owner
  • Wtr/Sew Exp: 1848
  • Year Built: 1900
  • Zip Code: 49269
  • Zoning: Non-Residential,Other

Courtesy of:

  • More info
  • Tim Atkins
    ERA Reardon Realty - Jackson
    Direct: 517-937-2473
    Office: 517-782-2996
    Fax: 517-782-3688
    Email: timothy.atkins@era.com
    Website: www.TimAtkinsSellsHomes.com

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