$1,310,000
Richland, MI 49083
MLS# 16006611
Status: Sold
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Property Description
48 unit market-rate multi-family complex now available for sale. This three building complex sits on six and a half acres of land immediately across the street from the highly desirable Gull Lake Schools campus in Richland MI. Property is well maintained, with strong financials and great occupancy rates. The acreage is large enough to likely support another building or two. Financial Statements available upon signed Confidentiality Agreement. For more information contact Listing Broker.
Details
Documents
Location & Property Info
Cross Streets: M-89 & 32nd Street
Property Sub-Type: 5+ Units
Area: Greater Kalamazoo - K
Municipality: Richland Twp
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 51.23
General Property Info
New Construction: No
Lot Dimensions: 83'x1291'
Road Frontage: 83
Waterfront: No
Basement: Yes
Total # Units: 48
# of Diff Unit Floor Plans: 2
Total # Bldgs: 3
Total Approx. SqFt All Bldgs: 29280
Total Parking Spaces: 1
School District: Gull Lake
Lot Measurement: Acres
Lot Square Footage: 278784
Lot Acres: 6.4
Year Built: 1976
Tax Info
Taxable Value: 507653
SEV: 633000
For Tax Year: 2015
Seller's Annual Property Tax: 23965.21
Tax Year: 2015
Homestead %: 0
Spec Assessment & Ty: Unknown
Zoning: B-1
Tax ID #: 03-14-451-030
Remarks & Misc
Public Remarks: 48 unit market-rate multi-family complex now available for sale. This three building complex sits on six and a half acres of land immediately across the street from the highly desirable Gull Lake Schools campus in Richland MI. Property is well maintained, with strong financials and great occupancy rates. The acreage is large enough to likely support another building or two. Financial Statements available upon signed Confidentiality Agreement. For more information contact Listing Broker.
Legal: SOLOMON PLAT LOT 6, 7, 8 EXC S 300 FT LOT 6 & S 200 FT LOT 8*
Status Change Info
Sold Price/SqFt: 44.74
Under Contract Date: 2016-08-05
Sold Date: 2016-09-15
Sold Price: $1,310,000
Lot Description
Level: 1
Rolling Hills: 1
Street Type
Paved: 1
Public: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Public Sewer: 1
Public Water: 1
Storm Sewer: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Mineral Rights
Unknown: 1
Assoc. Amenities
Storage: 1
Exterior Material
Brick: 1
Vinyl Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Baseboard: 1
Air Conditioning
Wall Unit(s): 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Driveway
Paved: 1
Shared Paved: 1
Substructure
Walk-Out Access: 1
Extras
Sep Electric Meter: 1
Tenant Storage: 1
Owner Pays
Gas: 1
Sewer: 1
Trash Collection: 1
Water: 1
Location Property Info
County: Kalamazoo
Street #: 9605
Street Direction: E
Street Name: D
Suffix: Avenue
State: MI
Zip Code: 49083
OfficeContract Info
Status: Sold
Current Price: $1,310,000
List Price: $1,500,000
Listing Date: 2016-02-03
Remarks Misc
Directions: From downtown Richland, go east on M-89 to East D Ave to property on north side.
Property Features
Exterior Material: Brick; Vinyl Siding
Roofing: Composition
Substructure: Walk-Out Access
Lot Description: Level; Rolling Hills
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water; Storm Sewer
Extras: Sep Electric Meter; Tenant Storage
Owner Pays: Gas; Sewer; Trash Collection; Water
Tenant Pays: Electric
Heat Source: Natural Gas
Heat Type: Baseboard
Air Conditioning: Wall Unit(s)
Driveway: Paved; Shared Paved
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Sale Conditions: None
Legal Description 
Listing Office: NAI Wisinski of West Michigan
Listing Agent: Marc R Tourangeau
Last Updated: October - 07 - 2021
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