602 N Church Street, Hastings, MI 49058
$480,000 - Sold
- MLS#: 26009424
- Number of Units: 4
- Type: 2 to 4 Units
- School District: Hastings
- County: Barry
- Taxing Authority: City of Hastings
- Year Built: 1990
- Basement: No
- Air: Window Unit(s)
- Lot Size: 132x110
- Square Footage: 3,808
- Exterior: Vinyl Siding
- Water: Public Water4
- Acreage: .33
- Heat: Baseboard,Radiant/Natural Gas
- PPN: 085504002650
- Sewer: Public Sewer5
- Water Body: None
- Water Features: None
- Utilities Attached: Electricity Connected,Natural Gas Connected
- Utilities Available at Street: High Speed Internet
- Extras: Garages,Laundry Facility,Tenant Storage
- Lot Description: Corner Lot
- Frontage/Type: 242 / Street, 0 / Water
- Terms: Cash, Conventional, Tax Def Exchange
- Original Price: $499,000
- Complex Name:
- Association Amenities:
- Association Includes:
- Directions: From Hastings take Broadway to State Rd. East. One the corner of State Rd and Church one block East of Broadway
- Property Description: *Rare investment opportunity* Well-maintained 4-unit apartment building in Hastings offered for the first time. Each unit has 2 bedrooms and 1 bath and is fully leased with a strong rental history. Current rents are $990 (2 units) and $1,050 (2 units) with upside potential as rents are currently below market rental rates. Landlord pays water and gas. Property features coin laundry in common area, locked tenant storage, private slider door out to a patio or deck and a covered walkway with automatic garage door access for parking. Major components including roof, boiler, and mechanicals have been well maintained. Two long-term tenants (5 and 15 years) are month-to-month, with two units on annual leases. Solid investment opportunity with stable income and room for future rent growth. Call a local
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