$2,000,000
Hart, MI 49420
MLS# 18028446
Status: Sold
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Property Description
Excellent investment opportunity. 48 unit rental complex walking distance to: downtown Hart, Hart Lake, council on aging, public park. This is a rent subsidized complex with income limitations and a HUD contract. Excellent rental history. All of the buildings were built around 1980 except 2 of buildings which are under construction and will be completed in 2018.
Details
Maps
Location Property Info
County: Oceana
Street #: 710
Street Direction: E
Street Name: Main
Suffix: Street
State: MI
Zip Code: 49420
Area: MasonOceanaManistee - O
OfficeContract Info
Status: Sold
Current Price: $2,000,000
List Price: $2,200,000
Listing Date: 2018-06-20
General Property Info
Lot Measurement: Acres
Lot Square Footage: 283140
Lot Acres: 6.5
Lot Dimensions: irregular
Year Built: 1980
New Construction: No
Financial Available: Yes
Cert of Compliance: Yes
Road Frontage: 380
Total # Units: 42
# of Diff Unit Floor Plans: 4
Total # Bldgs: 7
Total Parking Spaces: 60
Waterfront: No
School District: Hart
Tax Info
Tax ID #: 6402024200200
Taxable Value: 577400
SEV: 577400
For Tax Year: 2016
Seller's Annual Property Tax: 35934.3
Tax Year: 2015
Spec Assessment & Ty: city
Remarks Misc
Directions: US 31 to the Hart exit, East to Oceana Dr., North to Main St., West to entrance to complex on North side of street.
Status Change Info
Under Contract Date: 2018-09-01
Sold Date: 2018-12-11
Sold Price: $2,000,000
Access Feat
Accessibility Features: Yes
Unit 1
Unit Description: #1
Identical Units: 28
Occupied: Yes
Monthly Rent: 592
Bedrooms: 1
Bathrooms: 1
Unit 2
Unit Description: #2
Identical Units: 16
Occupied: Yes
Monthly Rent: 648
Bedrooms: 2
Bathrooms: 1
Unit 3
Unit Description: #3
Identical Units: 2
Occupied: Yes
Monthly Rent: 714
Bedrooms: 3
Bathrooms: 2
Unit 4
Unit Description: #4
Identical Units: 2
Occupied: Yes
Monthly Rent: 781
Bedrooms: 4
Bathrooms: 2
Property Features
Accessibility Feat: 36 Inch Entrance Doo; 36' or + Hallway; Accessible Bath Sink; Accessible Kitchen Sink; Accessible Mn Flr Be; Grab Bar Mn Flr Bath; Low Threshold Shower
Exterior Material: Stucco; Vinyl Siding
Roofing: Composition
Substructure: Slab
Lot Description: Level
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: Storm Sewer
Extras: Club House; Laundry Facility; Sep Electric Meter; Sep Gas Meter
Owner Pays: Sewer; Trash Collection; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Paved
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional; MSHDA; Rural Development
Possession: Close Of Escrow
Sale Conditions: None
Listing Office: Wickstra Realty, Inc.
Listing Agent: Larry Byl
Last Updated: October - 20 - 2021
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