Upper michigan rental property - land contract available! Complete turnkey rental opportunity awaits. This property at full occupancy brings in $3850 a month! Current owner can provide rental history and occupancy rates. Newly remodeled, and fully furnished, these units are ready to go. Primary tenants work in a nearby industrial complex. A steady, year round business climate. Resistant to seasonal dips or vacant summers that can happen with vacation or college student rentals. The renovations are tastefully done, including knotty pine and tile. Rentals currently include all utilities and cable tv. Newer furnaces, plumbing and electrical throughout. New metal roof put on in 2015. The four bedroom unit was previously a deli/corner store and gas station. The fuel tanks are new double lined fiberglass and have never been used. The three bedroom unit has a large, newer kitchen and a fireplace and could be owner occupied. This property currently produces significant cash flow. Do the math, and come take a look at the opportunity before you. Owner will consider a land contract with 30% down and a 4% interest rate on a 5yr balloon.
The vacancy rate of homes in 49808 is
50.67% with 43.2% of homes being owner-occupied. The median household income in 49808 is $58523 per year with those between 25 and 44 having the highest median income at $75714.