$569,900
Holland, MI 49423
MLS# 24021495
Status: Pending
1 / 35
Property Description
Well maintained, fully rented 4 unit apartment building nicely located at the end of Stratford Way. Each unit has 2 bedrooms, one bathroom with a window, a carport, and deck or patio. All come with kitchen appliances as well as in-wall air conditioning units. Main floor common laundry complete with newer coin-operated washer and dryer. New boiler heating system and hot water heater installed in 2022, new roof (complete tear off) approximately 5 years old. City rental certificate good through 2025. Excellent long-term rental history and currently month-to-month leases for all units. Building sits on a large lot with spacious parking, 5 additional outdoor parking spaces and large green space behind the carport. 24 hour notice required for showings.
Details
Maps
Location & Property Info
County: Ottawa
Street #: 305
Street Name: Stratford
Suffix: Way
Unit #: 1-4
State: MI
Zip Code: 49423
Zip (4): 7439
Cross Streets: 16th St & Stratford Way
Property Sub-Type: 2 to 4 Units
Area: Holland/Saugatuck - H
Municipality: Holland City
Office/Contract Info
Status: Pending
Current Price: $569,900
List Price: $569,900
Auction or For Sale: For Sale
List Price/SqFt: 142.76
Sub Agency Type: %
Buyer Agency: 3
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2024-05-02
General Property Info
Lot Measurement: Acres
Lot Square Footage: 20909
Lot Acres: 0.48
Lot Dimensions: 100 x 216
Year Built: 1985
New Construction: No
Road Frontage: 100
Total # Units: 4
# of Diff Unit Floor Plans: 4
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 3992
Total Parking Spaces: 9
Waterfront: No
School District: Holland
Tax Info
Tax ID #: 70-16-27-471-002
Taxable Value: 71854
SEV: 255100
For Tax Year: 2023
Annual Property Tax: 4085
Tax Year: 2023
Spec Assessment & Ty: none known
Remarks & Misc
Directions: US 31 to 16th Street, East to Stratford Way, North to address
Legal: LOT 16 STRATFORD COMMONS SEC 27 T5N R15W
Status Change Info
Under Contract Date: 2024-05-17
Waterfront Options
Water Access Y/N: No
Access Feat
Accessibility Features: No
Income and Expenses
Annual Insurance: 924
Annual Maintenance: 165
Annual Utilities: 3420
Net Operating Income: 12624
Unit 1
Unit #: 1
Unit Description: 1
SqFt: 950
Occupied: Yes
Monthly Rent: 650
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: 2
SqFt: 950
Occupied: Yes
Monthly Rent: 650
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 3
Unit Description: 3
SqFt: 950
Occupied: Yes
Monthly Rent: 700
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 4
Unit #: 4
Unit Description: 4
SqFt: 950
Monthly Rent: 650
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Property Features
Laundry Features: Common Area; Gas Dryer Hookup; Main Level; Washer Hookup
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Slab
Lot Description: Level; Sidewalk
Sewer: Public
Water: Public
Utilities Attached: Cable; Electric; Natural Gas
Util Avail at Street: Cable; Electric; Natural Gas; Public Sewer; Public Water; Storm Sewer; Telephone Line
Extras: Carports; Laundry Facility; Sep Electric Meter
Owner Pays: Gas; Sewer; Water
Tenant Pays: Electric; Trash
Heat Source: Natural Gas
Heat Type: Hot Water
Air Conditioning: Wall Unit(s)
Driveway: Asphalt
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Sale Conditions: None
Unit 1: A/C Unit; Carport; Deck/Patio; Range Oven
Unit 2: A/C Unit; Carport; Deck/Patio; Range/Oven; Refrigerator
Unit 3: Range/Oven; A/C Unit; Carport; Deck/Patio; Refrigerator
Unit 4: A/C Unit; Carport; Deck/Patio; Range/Oven; Refrigerator
Listing Office: Coldwell Banker Woodland Schmidt
Listing Agent: Cindy Grodus
Last Updated: May - 17 - 2024
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