306 W Russell Street
Hubbardston, MI 48845

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Description

One of a kind extremely solid investment opportunity. Huge 15,000+ sq ft building started its life out as a school but now offers 5 x 2 Bed residential apartments, multiple office spaces, multiple bathrooms, full kitchen, 42x65 gym, and tons of bonus space. Entire building including all apartments are zero grade. Wide open floor plans. Gym is currently being converted into 11+ 10x10 climate-controlled storage units. Building is built like a tank and is mechanically sound. New roof approx 7 years ago. 1.5 Acre site offers plenty of parking and large greenspace including playground area. Absolutely unlimited possibilities and potential. Hurry to get this one working for you!

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family
• Listing Status: Active
• County/Area: Ionia County
• Zip Code: 48845
• Year Built: 1973
• School District: Carson City
• Units: 7 units
• Basement: Slab
• # of Parking Spaces: 38
• Fireplace: 1
• Lot Size: 1.5948 acres
• Association: Yes
• Basement Type: No
• Construction Materials: Block
• Cross Street: Pearl and Russell
• Directions: From Main & Washington in Hubbardston. Head North/East on Washington to Russell, North/West to Property.
• Driveway: Concrete
• Extras: Tenant Storage
• Heat Source: Natural Gas
• Heat Type: Forced Air
• Heating: Forced Air
• Laundry Features: Main Level
• Lot Description: Corner Lot, Level, Recreational, Sidewalk
• Lot Features: Corner Lot, Level, Recreational, Sidewalk
• Lot Size Area: 1.59
• Lot Size Square Feet: 69469
• Lot Size Units: Acres
• MLS Area Major: Grand Rapids - G
• MLS Area Minor: Grand Rapids - G
• Main Type: Multi Family
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 7
• Owner Pays: Electricity, Gas
• Parcel Number: 091-060-000-690-10
• Parking Features: Concrete
• Possession: Subject To Tenant Rights
• Road Frontage: 194
• Road Surface Type: Paved
• Roof: Composition, Rubber
• SEV: 165900
• Sewer: Septic Tank
• Street Type: Paved, Public
• Tax Annual Amount: 11618
• Tax Legal Description: VILLAGE OF HUBBARDSTON LOT 199 EXP. COMMENCING AT THE NE CORNER OF LOT 199; THENCE NW ON THE NE LINE OFSAID LOT, 98 FT; THENCE SW PARALLELL WITH THE NE LINE OF SAID LOT, 200 FT; THENCE SW PARALLEL WITH THE NE LINE OF SAID LOT 98 FT; THENCE NE ALONG THE LINE BETWEEN LOTS 197 AND 199 200 FT TO THE POB: VILLAGE OF HUBBARDSTON LOT #200 SPLIT/COMBINED ON 03/02/2020 FROM 091-060-000-720-00;
• Tax Year: 2024
• Terms Available: Cash, Conventional
• Total Approx Sq Ft All Bldgs: 15225
• Township: Hubbardston Vllg
• Util Availat Street: High Speed Internet, Cable Available, Natural Gas Available
• Utilities: Natural Gas Connected, Electricity Connected, Cable Available, Natural Gas Available
• Water Source: Well
• Zoning Description: Commercial