4195 Weber Road , Whitehall, MI 49461

$365,000 - Sold

Listed By:
Lisa M Stewart
616-540-7132

Greenridge Realty (EGR)
616-458-3655

http://www.greenridge.com

Water Features: None
Utilities Attached: Electricity Connected,Natural Gas Connected
Utilities Available at Street: Electricity Available,Natural Gas Available
Extras: Laundry Facility,Sep Electric Meter,Tenant Storage
Lot Description: Corner Lot,Level
Frontage/Type: 80 / Street, 0 / Water
Terms: Cash, Other27
Original Price: $499,000
Complex Name:
Association Amenities:
Association Includes:
Directions: Take Whitehall Rd to Duck Lake Rd and proceed to N Weber Rd. Property is on the NW corner of the intersection of Duck Lake and Weber.

Property Description: This rare opportunity for 6 good rental units under one much-improved 1970s building, is one to jump on! With 3 two bed units, and 3 one bed units, roof and siding new in 2020, all new exterior decking, stairs and sliders added by the current owner, the exterior is in great shape. Current owner has remodeled and updated 4 out of 6 units and brought rents up in all units. Two 2-bed units with longstanding tenants remain to be remodeled to maximize the potential of this great investment opportunity and bring up those rents to market value and a potential for a 9 % cap rate. Unit 6 has a small bonus room, that could be an office. 7th unit could be created from storage area. New drain field was put in Dec 2024. Coin-operated shared laundry brings in extra income.This property is only 3.9 miles from Duck Lake state park and commuting distance from large manufacturing plants Howmet Aerospace and Hilite. Reeths Puffer school district.