Property Type:
Multi Family
Lot Size (sq. ft.):
84,071
Status:
Sold
Current Price:
$1,200,000
List Date:
7/21/2022
Last Modified:
4/26/2023
20097 Willow Lane, Edwardsburg, MI 49112
$1,020,000
Overview
Description
Great Investment Opportunity! 4 duplex buildings with a total of 8 updated and well maintained units. 3 floor plans (2 2BR, 1.5 units, 2 2BR, 2BA units, and 4 3BR, 2BA units). Great return on investment with opportunity for increased revenue. Units range from 1056-1260 sq ft and each unit has its own 1-car garage, water heater, furnace, AC, and patio. Anderson windows, vaulted ceilings, ancd carpet/tile floors. Great tenants in a low-maintenance neighborhood. Community is tucked away on a private road and is located on ~1.93 acres (to be split off from the 4.25 acre parcel) Conveniently located to Elkhart and within the award-winning school district of Edwardsburg.
Listing Details MLS# 22030874
Location Property Info
- County
- Cass
- Street #
- 20097
- Street Name
- Willow
- Suffix
- Lane
- State
- MI
- Zip Code
- 49112
General Property Info
- Lot Measurement
- Acres
- Lot Square Footage
- 84071
- Lot Acres
- 1.93
- Lot Dimensions
- 300x281
- Year Built
- 2002
- New Construction
- No
- Financial Available
- No
- Road Frontage
- 281
- Total # Units
- 8
- # of Diff Unit Floor Plans
- 3
- Total # Bldgs
- 4
- Total Approx. SqFt All Bldgs
- 9464
- Total Parking Spaces
- 16
- Waterfront
- No
- School District
- Edwardsburg
- Basement
- No
Tax Info
- Tax ID #
- 14-060-020-338-50
- Taxable Value
- 295127
- SEV
- 387400
- For Tax Year
- 2021
- Seller's Annual Property Tax
- 8000
- Tax Year
- 2021
- Spec Assessment & Ty
- NONE KNOWN
- Homestead %
- 0
Remarks Misc
- Directions
- Old M205, south on Autum, Willow Ln at end of cul-de-sac
Status Change Info
- Under Contract Date
- 2022-12-28
- Sold Date
- 2023-04-19
- Sold Price/SqFt
- 107.78
More Information
Waterfront Options
- Water Access Y/N
- No
- Water Frontage
- 0
Access Feat
- Accessibility Features
- Yes
Income and Expenses
- Annual Insurance
- 4000
- Annual Maintenance
- 3200
- Annual Utilities
- 2430
- Gross Op. Inc.
- 88980
- Net Operating Income
- 71350
- Operating Expense
- 17630
- Annual Mgmt. Fees
- 0
Unit 1
- Unit #
- Yes
- Unit Description
- 2 bedroom 1.5 bath
- Identical Units
- 2
- SqFt
- 1056
- Occupied
- Yes
- Monthly Rent
- 820
- Bathrooms
- 2
- Full Baths
- Yes
- Half Baths
- Yes
- A/C Unit
- Yes
- Central Air
- Yes
- Deck/Patio
- Yes
- Dishwasher
- Yes
- Garage
- Yes
- Sep. Heat System
- Yes
- W/D Hookup
- Yes
Unit 2
- Unit #
- 2
- Unit Description
- 2 bedroom 2 bath
- Identical Units
- 2
- SqFt
- 1156
- Occupied
- Yes
- Monthly Rent
- 850
- Bathrooms
- 2
- Full Baths
- 2
- Central Air
- Yes
- Deck/Patio
- Yes
- Dishwasher
- Yes
- Garage
- Yes
- Sep. Heat System
- Yes
- W/D Hookup
- Yes
Unit 3
- Unit #
- 3
- Unit Description
- 3 bedroom 2 bath
- Identical Units
- 4
- SqFt
- 1260
- Occupied
- Yes
- Monthly Rent
- 1018
- Bathrooms
- 2
- Full Baths
- 2
- Deck/Patio
- Yes
- Dishwasher
- Yes
- Garage
- Yes
- Sep. Heat System
- Yes
- W/D Hookup
- Yes
Location & Property Info
- Cross Streets
- M205
- Property Sub-Type
- 5+ Units
- Area
- Southwestern Michigan - S
- Municipality
- Mason Twp
- Subdivision
- Willow Lane
Office/Contract Info
- Auction or For Sale
- For Sale
- List Price/SqFt
- 126.8
Remarks & Misc
- Legal
- approximately 1.93 acres of this parcel: ''338E COM S 0 DEG 13'36''''E 1393 FT FRM NE COR SEC, TH S 0 DEG 13'36''''E 281.35 FT, '' ''W 707.9 FT, N 0 DEG 7'39''''W 231.31 FT, N 28 DEG 15'10''''E 56.8 FT, E 680.42 FT TO '' BEG. SEC 20 4.55 A.
Lot Description
- Cul-De-Sac
- Yes
- Level
- Yes
Street Type
- Private
- Yes
Util Avail at Street
- Cable Available
- Yes
- Electricity Available
- Yes
- Natural Gas Available
- Yes
Utilities Attached
- Cable Connected
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Phone Connected
- Yes
Sewer
- Septic Tank
- Yes
Water
- Well
- Yes
Terms Available
- Cash
- Yes
- Conventional
- Yes
Exterior Material
- Vinyl Siding
- Yes
Roofing
- Composition
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Heat Type
- Forced Air
- Yes
Air Conditioning
- Central Air
- Yes
Accessibility Feat
- 36 Inch Entrance Doo
- Yes
- No Step Entrance
- Yes
Tenant Pays
- Electric
- Yes
- Gas
- Yes
Driveway
- Concrete
- Yes
Substructure
- Slab
- Yes
Extras
- Garages
- Yes
- Sep Electric Meter
- Yes
- Sep Gas Meter
- Yes
Owner Pays
- Sewer
- Yes
- Trash Collection
- Yes
- Water
- Yes
Possession
- Negotiable
- Yes
Property Features
Accessibility Feat:
36 Inch Entrance Doo; No Step Entrance
Exterior Material:
Vinyl Siding
Roofing:
Composition
Substructure:
Slab
Lot Description:
Cul-De-Sac; Level
Sewer:
Septic Tank
Water:
Well
Utilities Attached:
Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street:
Cable Available; Electricity Available; Natural Gas Available
Extras:
Garages; Sep Electric Meter; Sep Gas Meter
Owner Pays:
Sewer; Trash Collection; Water
Tenant Pays:
Electric; Gas
Heat Source:
Natural Gas
Heat Type:
Forced Air
Air Conditioning:
Central Air
Driveway:
Concrete
Street Type:
Private
Terms Available:
Cash; Conventional
Possession:
Negotiable
Sale Conditions:
None
Unit 1:
A/C Unit; Central Air; Deck/Patio; Dishwasher; Garage; Sep. Heat System; W/D Hookup
Unit 2:
Central Air; Deck/Patio; Dishwasher; Garage; Sep. Heat System; W/D Hookup
Unit 3:
Deck/Patio; Dishwasher; Garage; Sep. Heat System; W/D Hookup
2br, 1.5 ba floorplan ›
Listing Office:
Coldwell Banker Real Estate Group
Listing Agent:
Tim Murray
Last Updated: April - 26 - 2023
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively 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.
