Cross Streets: Vale St. & Michigan Ave.
Property Sub-Type: 2 to 4 Units
Area: Battle Creek - B
Municipality: Battle Creek City
Subdivision: Caines Addition
Ownership Type: Private Owned
Auction or For Sale: For Sale
List Price/SqFt: 50.2
New Construction: No
Lot Dimensions: 41.25 x 132
Road Frontage: 41.25
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2025-10-23
Waterfront: No
Basement: Yes
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 1990
Total Parking Spaces: 5
School District: Battle Creek
Lot Measurement: Acres
Lot Square Footage: 5663
Lot Acres: 0.13
Year Built: 1920
Taxable Value: 22507
SEV: 43111
For Tax Year: 2023
Seller's Annual Property Tax: 1487
Tax Year: 2023
Homestead %: 0
Spec Assessment & Ty: None
Zoning: R1B
Tax ID #: 52-1490-00-064-0
Public Remarks: Investor Alert! Don't miss out on this 3-unit apartment building located between Post & Kellogg's in Battle Creek, which will generate $2,800/month in rental income, this property well exceeds the 2% rule and will provide positive cash flow immediately.The first floor features a spacious 2-bedroom, 1-bath unit, while the second floor offers two additional 2-bedroom, 1-bath units. All units are fully leased, providing immediate cash flow for a turn-key investment.
This property is a great addition to any portfolio. Whether you're a seasoned investor or starting out, this is your chance to secure consistent income with future growth potential.
Legal: CAINES ADD S 41.25 FT OF LOT 55
Sold Price/SqFt: 60.3
Under Contract Date: 2024-12-11
Sold Date: 2025-03-06
Sold Price: $120,000
High Speed Internet: 1
Storm Sewer: 1
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Accessibility Features: No
Electricity: 1
Gas: 1
Sewer: 1
Trash Collection: 1
Water: 1
Unit #: 1
Unit Description: 1st Floor
SqFt: 995
Occupied: Yes
Monthly Rent: 1000
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Deck/Patio: 1
Range Oven: 1
Unit #: 2
Unit Description: 2nd Floor Front
Occupied: No
Monthly Rent: 900
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Deck/Patio: 1
Range/Oven: 1
Refrigerator: 1
Unit #: 3
Unit Description: 2nd Floor Back
Occupied: Yes
Monthly Rent: 900
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
County: Calhoun
Street #: 16
Street Name: Vale
Suffix: Street
State: MI
Zip Code: 49014
Zip (4): 6329
Status: Sold
Current Price: $120,000
List Price: $99,900
Listing Date: 2024-11-15
Directions: From Downtown Battle Creek, head east on Michigan Ave, then South on Vale St.
Laundry Features: In Basement
Exterior Material: Wood Siding
Roofing: Composition
Substructure: Michigan Basement
Lot Description: Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: High Speed Internet; Storm Sewer
Owner Pays: Electricity; Gas; Sewer; Trash Collection; Water
Tenant Pays: None
Heat Source: Natural Gas
Heat Type: Gravity
Air Conditioning: None
Driveway: Gravel
Street Type: Paved; Public
Terms Available: Cash; Conventional
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Deck/Patio; Range Oven
Unit 2: Deck/Patio; Range/Oven; Refrigerator
Unit 3: Range/Oven; Refrigerator