134 W Allegan Street, Otsego, MI 49078
- Schools Otsego
- County Allegan
- Township Otsego City
- Above Grade Sq. Ft.
- Below Grade Sq. Ft.
- Bedrooms
- Bathrooms 6 (F)
- Basement
- Garage
- Acreage 0.1
- Heat Type Forced Air
- Central Air Central Air
- Year Built 1914
- Style
- Exterior
- Taxes 9036.91
- SEV 12950
- Zoning 201 COMMERCIAL-
- Parcel 54-100-010-00
- Lot Size 59X73
Features
Looking for a Great Investment Opportunity with a 9% Cap Rate or Return on Investment, Passing Environmental & Open Book Rent Roll for tenants & Expenses?
The Building has new flat roof on both buildings, New commercial doors, new updated commercial space that rents 5 separate offices in one commercial space and another commercial business next door along with 3 apartments filled with long term tenants.
Apartment 1 = $950/month Year Lease
Apartment 2 = $1,000/month Year Lease
Apartment 3 = $1,250/month 6 month Lease
Office 1 = $550/month Year Lease
Office 2 = $515/month Year
Office 3 = $300
Office 4 = $300
Office 5 = Vacant
Commercial Building 2 = $750/m 3 year lease
Monthly Income $5,615
Owners pay for Water & Trash Only.
No Yard Maintenance. No Snow Removal. Public Parking
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