$850,000
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3231 RAY Fenton, MI 48430
Multi-Family
Residence
Beds
5
Baths
3,477
Sq. Ft.
21.59
Acre
Lot
Property Activity
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Five (5) unit apartment building on 21.59 acres with room for expansion. This property also has a 5,000 sq pole barn that has a concrete floor, electricity, spray foam insulation ($30,000), a bathroom, and an office. The pole barn is not rented and can provide extra income of approximately $2,500.00... per month. For additional income, there is also a billboard which currently receives $750.00 per month for one side and $4,500.00 per year for the other. In addition to that, this 21.59 acre property has approximately 1,385 feet of frontage on US-23, and approximately 20 acres for farming with income of approximately $900.00 per year. Some updates in the farmhouse include some new flooring, bathroom tile and paint. This is an excellent investment opportunity. CITY WATER IS COMING TO THOMPSON RD THIS SUMMER & TORREY RD NEXT SUMMER! DO NOT DISTURB THE TENANTS! ALL RESIDENTIAL UNITS ARE OCCUPIED! NO SHOWINGS WITHOUT AN ACCEPTED OFFER. All information is estimated and should be verified.
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Source MLS
MiRealSource
Originating MLS
RealComp
MLS#
60023425
Property Type
Multi-Family
Bathrooms
5 Full
Year Built
1900
Square Feet
3,477
sq. ft
Lot Size
21.59
Stories
1.5
Sewer
Septic
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