Cross Streets: Duck Lake Rd
Property Sub-Type: 5+ Units
Municipality: Fruitland Twp
Auction or For Sale: For Sale
List Price/SqFt: 122.95
New Construction: No
Lot Dimensions: 80 x 167
Road Frontage: 80
Cert of Compliance: Yes
Waterfront: No
Basement: Yes
Total # Units: 6
# of Diff Unit Floor Plans: 6
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 3660
Total Parking Spaces: 13
School District: Reeths-Puffer
Lot Measurement: Acres
Lot Square Footage: 13373
Lot Acres: 0.31
Year Built: 1979
Taxable Value: 80325
SEV: 87800
For Tax Year: 2024
Seller's Annual Property Tax: 4180
Tax Year: 2024
Homestead %: 0
Spec Assessment & Ty: n/a
Zoning: MDR
Tax ID #: 06-122-400-0006-00
Public Remarks: This rare opportunity for 6 good rental units under one much-improved 1970s building, is one to jump on! With 3 two bed units, and 3 one bed units, roof and siding new in 2020, all new exterior decking, stairs and sliders added by the current owner, the exterior is in great shape. Current owner has remodeled and updated 4 out of 6 units and brought rents up in all units. Two 2-bed units with longstanding tenants remain to be remodeled to maximize the potential of this great investment opportunity and bring up those rents to market value and a potential for a 9 % cap rate. Unit 6 has a small bonus room, that could be an office. 7th unit could be created from storage area. New drain field was put in Dec 2024. Coin-operated shared laundry brings in extra income.
Legal: FRUITLAND TOWNSHIP SEC 22 T11N R17W N 113 FT OF E 200 FT OF NE 1/4 OF SE 1/4 N 33 FT & E 33 FT FOR RD
Sold Price/SqFt: 99.73
Under Contract Date: 2025-10-03
Sold Date: 2025-12-05
Sold Price: $365,000
Electricity Available: 1
Natural Gas Available: 1
Electricity Connected: 1
Natural Gas Connected: 1
Common Area: 1
In Basement: 1
Laundry Room: 1
Electric: 1
Natural Gas: 1
Baseboard: 1
Forced Air: 1
Accessibility Features: No
Full: 1
Michigan Basement: 1
Laundry Facility: 1
Sep Electric Meter: 1
Tenant Storage: 1
Gas: 1
Trash Collection: 1
Unit #: 1
Unit Description: basement
SqFt: 630
Occupied: Yes
Monthly Rent: 940
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Dishwasher: 1
Range Oven: 1
Refrigerator: 1
Unit #: 2
Unit Description: ground floor
SqFt: 650
Occupied: Yes
Monthly Rent: 675
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Deck/Patio: 1
Range/Oven: 1
Refrigerator: 1
Unit #: 3
Unit Description: upper floor
SqFt: 650
Occupied: Yes
Monthly Rent: 600
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Deck/Patio: 1
Refrigerator: 1
Sep. Heat System: 1
Unit #: 4
Unit Description: ground floor
SqFt: 576
Occupied: Yes
Monthly Rent: 850
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Deck/Patio: 1
Range/Oven: 1
Refrigerator: 1
Unit #: 5
Unit Description: ground floor, side
SqFt: 550
Occupied: Yes
Monthly Rent: 850
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Dishwasher: 1
Range/Oven: 1
Refrigerator: 1
Unit #: 6
Unit Description: rear, basement
SqFt: 610
Occupied: Yes
Monthly Rent: 900
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Dishwasher: 1
Range/Oven: 1
Refrigerator: 1
County: Muskegon
Street #: 4195
Street Direction: N
Street Name: Weber
Suffix: Road
State: MI
Zip Code: 49461
Area: Grand Rapids - G
Status: Sold
Current Price: $365,000
List Price: $450,000
Listing Date: 2025-01-19
Directions: Take Whitehall Rd to Duck Lake Rd and proceed to N Weber Rd. Property is on the NW corner of the intersection of Duck Lake and Weber.
Laundry Features: Common Area; In Basement; Laundry Room
Exterior Material: Block; Vinyl Siding
Roofing: Composition
Substructure: Full; Michigan Basement
Lot Description: Corner Lot; Level
Sewer: Septic Tank
Water: Well
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Electricity Available; Natural Gas Available
Extras: Laundry Facility; Sep Electric Meter; Tenant Storage
Owner Pays: Gas; Trash Collection
Tenant Pays: Electric
Heat Source: Electric; Natural Gas
Heat Type: Baseboard; Forced Air
Driveway: Asphalt; Paved
Street Type: Paved; Public
Terms Available: Cash; Other
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Dishwasher; Range Oven; Refrigerator
Unit 2: Deck/Patio; Range/Oven; Refrigerator
Unit 3: Range/Oven; Deck/Patio; Refrigerator; Sep. Heat System
Unit 4: Deck/Patio; Range/Oven; Refrigerator
Unit 5: Dishwasher; Range/Oven; Refrigerator
Unit 6: Dishwasher; Range/Oven; Refrigerator