$245,000

MLS  

1112510
296 M35 Gwinn, MI 49841
 

Listing is for both 296 and 318 M-35. Two buildings totaling 15 Units. 296 M-35 has eight units. Four, 2 bed, 1 bath renting for $400/per mo. Four, 1 bed, 1 bath, three renting for $375 and one for $350. Possible income is $36,900 annually plus laundry income. 318 M-35 has seven units. Two, 1 bed, one renting for $350 & one renting at $425 (incl electricity), Four, 2 bed renting for $400, & one, 3 bed renting for $475 for a possible income of $33,600 annually + laundry income. Total potential income is $70,500.00. Buildings are in process of being updated. Electric heat has been replaced with natural gas hot water heat in most units. Many floor coverings have been replaced. Some have new appliances. Most have been painted. Some additional work still needs to be completed but can make for a great investment.
Price 245,000 Units: Exterior: 
Basement: Type: Over 4 Family School: Gwinn
Business/Income: Construction: Lot Size:

Exterior Features:
Appliances:
Interior Features:

Contact: Great Lakes and Land Real Estate - 906-524-6288