$265,000 Sold
814 s main st ste 6-a, lapeer, MI 48446
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#: rcomi2210051406
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
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)
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
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
HOA fees Period: Quarterly
Legal Description: HERITAGE SQUARE PROF. BLDG. COND. UNIT #6
Information provided by Realcomp II Ltd. ©2024
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Andrew Hall of EXP Realty LLC
