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4550 GROVE ST Active

Luna Pier, MI 48157

0

419900 -100%

4 Beds

8 Baths

1250 SqFt


UPDATED

Key Details

Property Type Multi-Family

Year Built 2000

Purchase Type For Sale

Listing Status Active

MLS Listing ID 218072027

Price per Sqft $335

Property Description

Investment Property available in the idyllic Beach Community of Luna Pier next to Watertower Park and walking distance to Lake Erie. The Watertower Park Condominiums feature two Duplex Buildings with 4 units (4550 & 4554 Grove St.). Duplex converted into 4 condo units in 2006 (Tax ID: 5851 105 009 30 / …40 / ...10 / ...20). Not available for sale as separate units. All units have been rented on 24-month lease terms. Utilities are fully covered by tenants. All appliances included (Washer, Dryer, Range/Oven, Microwave, Refrigerator, Dishwasher). Property's investment gains are certainly favorably to its costs outlining an excellent ROI with a current CAP Rate of about 8%. Reach out to agent for more details.

Location

State MI

County Monroe

Subdivision WATERTOWER PARK CONDO

Rooms

Full Baths 8

Interior

Sewage Type Sewer-Sanitary

Water Municipal Water

Hot Water Natural Gas

Heating Forced Air

Cooling Central Air

Building

Style Duplex

Foundation Crawl

Schools

Elementary Schools Mason Central School

Middle Schools Mason Middle School

High Schools Mason Senior High School

School District Mason

Others

Tax Amount $2,227

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Listing Provided By Katja Classic of RE/MAX Classic

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Downtown Realty

Brokerage | License ID: 386963

(313) 466-7253

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