134 W Allegan Street, Otsego, MI 49078
$425,000.00 - Sold
- MLS#: 25022992
- Total Bldgs: 2
- Fin Bldg Lvls: 2
- Type: Business Opportunity
- School District: Otsego
- County: Allegan
- Taxing Authority: Otsego City
- Year Built: 1914
- Year Remodeled:
- Below Grade: Basement,Partial
- Exterior: Block,Brick,Metal Siding
- Driveway: Paved,Shared Paved
- Parking: 0
- Air: Central Air
- Bldg Sq Ft: 0
- Office Sq Ft: 0
- Retail Sq Ft: 0
- Warehouse Sq Ft: 0
- Other Sq Ft: 0
- Street Type: Public
- Road Frontage: 59
- Heat: Forced Air/Natural Gas
- Water: Public Water4
- Sewer: Public Sewer5
- Roofing: Rubber
- Docks: 0
- Doors: 0
- Ceiling Height: 0
Legal: S'LY 73' OF LOT 10 EX THE W'LY 23.5' O.P. SEC 23 TAX MAP: 0.1 AC
- Taxable Value: 129,500
- SEV: 12,950
- For Tax Year: 2024
- Annual Property Tax: 0
- Tax Year: 2024
- Homestead %: 0
- Spec Assmt/Tyle: None
- Zoning: 201 COMMERCIAL-
- Tax ID: 54-100-010-00
- Lot Size: 59X73
- Acreage: .10
- New Construction: No
- Construction Type: Block,Other19
- Construction Status:
- Addtl Features:
- Uses: Professional Service, Professional/Office, Other31
- Util Available: Broadband
- Util Attached: Electricity Connected,Natural Gas Connected
- Current Use: COMMERCIAL, OFFICE SPACE, APARTMENTS
- Terms: Cash, Conventional
- Original Price: 480,000.00
- Directions: Take Plainwell Exit off 131 to Otsego. Building is on the Right.
- Property Description: 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 LeaseApartment 2 = $1,000/month Year LeaseApartment 3 = $1,250/month 6 month LeaseOffice 1 = $550/month Year LeaseOffice 2 = $515/month YearOffice 3 = $300Office 4 = $300Office 5 = VacantCommercial Building 2 = $750/m 3 year leaseMonthly Income $5,615 Owners pay for Water & Trash Only.No Yard Maintenance. No Snow Removal. Public Parking
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