$265,000 Sold

814 s main st ste 6-a, lapeer, MI 48446

Beds 2

Baths 2

1,970 Sqft

1 of 1

Property Description

Great Investment property! Large commercial Space on high-traffic M24, less than a mile from I69. It is currently split into 2 units with separate utilities in each. Water is shared on one meter. Units are currently rented to amazing tenants with 1 year leases each with 2 year renewal option. Cap Rate is at around 10%. Could easily be made into one large unit again. Partially finished basement with another full floor of office spaces. Basement has a door that locks on each side to connect the units. So many possibilities. Rear access to each unit and additional parking in the rear of the building. PLEASE DO NOT DISTURB TENANTS. Seller is a licensed agent.

General Information

Sold Price: $265,000

Price/SqFt: $135

Status: Sold

Date Sold: 11/29/2021

MLS#: 2210051406

City: lapeer

Post Office: lapeer

Schools: lapeer

County: Lapeer

Subdivision: heritage square prof bldg condo

Acres: 0

Bedrooms:2

Bathrooms:2 (1 full, 1 half)

House Size: 1,970 sq.ft.

Acreage:

Year Built: 1986

Property Type: Condo

Style: End Unit

Features & Room Sizes

Paved Road: Paved
Garage: No Garage
Construction: Aluminum,Brick
Exterior: Aluminum, Brick

Basement: Yes
Basement Description: Finished
Foundation : Basement
Cooling: Central Air
Heating: Forced Air
Fuel: Natural Gas
Waste: Public Sewer (Sewer-Sanitary)
Watersource: Public (Municipal)

Tax, Fees & Legal

Home warranty: No
Est. Summer Taxes: $1,607
Est. Winter Taxes: $2,176

HOA fees: 1
HOA fees Period: Quarterly
Legal Description: HERITAGE SQUARE PROF. BLDG. COND. UNIT #6

IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and Realcomp II Ltd, ©2024 Realcomp II Ltd. Shareholders Listing By: Andrew Hall of EXP Realty LLC, Phone: (888) 501-7085

$265,000 Sold

814 s main st ste 6-a, lapeer, MI 48446

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