190 Maple Street
Concord, MI 49237

Tools & Resources:

Description

Don't miss this opportunity to own this 7 unit investment property. Recent updates to 3 of the vacant units will bring substantial rental value. Opportunity for rent raises on the remaining 4 units. Each unit has storage in the basement, separate meters and a 1 car garage. Showings subject to tenants rights.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family
• Listing Status: Active
• County/Area: Jackson County
• Zip Code: 49237
• Year Built: 1957
• School District: Concord
• Units: 7 units
• Basement: Daylight, Full, Walk-Out Access, Yes, Yes
• # of Parking Spaces: 12
• Lot Size: 20909 sq ft lot
• Annual Utilities: 14973.52
• Construction Materials: Brick
• Cross Street: maple and center
• Driveway: Paved, Concrete, Gravel
• Extras: Garages, Laundry Facility, Sep Electric Meter, Tenant Storage
• Financial Available: Yes
• Gross Income: 52500
• Heat Source: Natural Gas
• Heat Type: Steam
• Heating: Steam
• Insurance Expense: 3792
• Laundry Features: Common Area, Sink, In Basement
• Lot Description: Corner Lot, Sidewalk
• Lot Features: Corner Lot, Sidewalk
• Lot Size Area: 0.48
• Lot Size Square Feet: 20909
• Lot Size Units: Acres
• Main Type: Multi Family
• Number Of Buildings: 2
• Number Of Diff Unit Floor Plans: 7
• Operating Expense: 18765.52
• Owner Pays: Gas, Sewer, Water
• Parcel Number: 003-11-27-327-035-01
• Parking Features: Paved, Concrete, Gravel
• Road Frontage: 128
• Road Surface Type: Paved
• SEV: 186900
• Sewer: Public Sewer
• Street Type: Paved, Public
• Tax Annual Amount: 7304.63
• Tax Legal Description: BEG AT THE INTERSECTION OF THE W LN OF MAPLE ST WITH THE N LN OF CENTER ST TH N 89(DEGREES)54'30''W ALG THE N LN OF CENTER ST 165 FT TH N 1(DEGREES)36'W 128.99 FT TH S 89(DEGREES)54'30''E 165 FT TO THE W LN OF MAPLE ST TH S 1(DEGREES)36'E ALG THE W LN OF MAPLE ST 128.99 FT TO BEG. BEING A PART OF LOT 51ASSESSOR'S PLAT OF VILLAGE OF CONCORD, UNRECORDED. SEC 27 T3S R3W
• Tax Year: 2025
• Tenant Pays: Electricity
• Terms Available: Cash, Conventional
• Total Approx Sq Ft All Bldgs: 9516
• Township: Concord Vllg
• Utilities: Cable Connected, Natural Gas Connected, Electricity Connected
• Water Access: No
• Water Source: Public Water
• Zoning Description: 201 Commercial