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429 N State Street

Big Rapids, MI 49307
  • $259,900
  • STATUS: Active
  • ON SITE: 191 days
  • MLS #: 20049290
UPDATED: 28 min ago
$259,900
  • 0
    BEDS
  • 0.37
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,996
    SQFT
  • $130
    $/SQFT
Neighborhood:
Type:
Business Opportunity
Built:
1920
County:
Area:

School Ratings & Info

School District:

Description

Welcome to this unique business opportunity of owning two investment properties in one! Two family home(red 1-1/2 story) and a restaurant business on the same property. Restaurant building is currently leased as sandwich shop offering dining, take out, or delivery service.(under lease until 2024 with buyout options available.) Two family rental home offers upstairs unit with 1BR/1BA/Kitchen and downstairs with 3 BR/1BA/Kitchen. Current lease expires 7/31/2020. Very good rental history and occupancy with both units. Many updates to both units including, roof, siding, windows, electrical, water heaters, rain gutters, front porch, furnace(restaurant), insulation, appliances (apt.) and more! 12x18 storage garage included. Tenant pays water/sewer, mowing, snowplowing, and garbage service

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© 2021 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2021-06-12T20:00:20.117.
www.bluewestprop.com/homes/112329077
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429 N State Street Big Rapids, MI 49307

  • Price: $259,900
  • Status: Active
  • Updated: 28 min ago
  • MLS #: 20049290
0
Beds
2
Baths
0
½ Baths
0.37
Acres
1,996
SQFT
$130
$/SQFT
1920
Built
Neighborhood:
Big Rapids
County:
Mecosta
Area:
Big Rapids
School District:
Big Rapids
Property Description
Welcome to this unique business opportunity of owning two investment properties in one! Two family home(red 1-1/2 story) and a restaurant business on the same property. Restaurant building is currently leased as sandwich shop offering dining, take out, or delivery service.(under lease until 2024 with buyout options available.) Two family rental home offers upstairs unit with 1BR/1BA/Kitchen and downstairs with 3 BR/1BA/Kitchen. Current lease expires 7/31/2020. Very good rental history and occupancy with both units. Many updates to both units including, roof, siding, windows, electrical, water heaters, rain gutters, front porch, furnace(restaurant), insulation, appliances (apt.) and more! 12x18 storage garage included. Tenant pays water/sewer, mowing, snowplowing, and garbage service
Exterior Features

Construction Type BlockConcreteFrame/Wood Driveway Paved Exterior Material BrickConcreteVinyl Siding Finished Building Levels 2.00 Lot Dimensions 102' X 159' Number Of Buildings 2.00 Road Frontage 102.00 Roofing Composition Street Type PavedPublic Waterfront No

Interior Features

Air Conditioning CentralWall Unit Below Grade BasementPartial Heat Source Natural Gas Heat Type Forced Air Interior Features Barrier FreeSecurity System Rentable Office Sq Ft 2150.00 Rentable Other Sq Ft 1996.00 Sq Ft Total 1996.00

Property Features

Annual Property Tax 9745.00 Association Greater Regional Alliance Of Realtors Business Includes Real Estate Commercial Type Business Opportunity Current Use Restaurant (Sm. Bldg.) Apartments (Red Bldg.) Gross Operating Inc 33600.00 Mineral Rights Available New Construction No Ownership Llc Sale Conditions None Sewer Public Tax Year 2020 Tenant Pays ElectricGasJanitorialSewerTrash Terms Available CashConventional Uses Professional ServiceProfessional/OfficeRestaurantRetailStorage Util Avl At Street Broadband Utilities Attached CableElectricNatural GasTelephone Water Public Zoning 201 Commercial

Listing provided courtesy of Kurt E Baird of Century 21 Affiliated (Gr). © 2021 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2021 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2021-06-12T20:00:20.117.
 
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41 Washington Ave., Suite 140
Grand Haven MI, 49417