710 E Main Street, Hart, MI 49420

$2,000,000
Property Type: Multi Family Lot Size (sq. ft.): 283,140 Status: Sold
Current Price: $2,200,000 List Date: 6/20/2018 Last Modified: 10/20/2021

Description

Excellent investment opportunity. 48 unit rental complex walking distance to: downtown Hart, Hart Lake, council on aging, public park. This is a rent subsidized complex with income limitations and a HUD contract. Excellent rental history. All of the buildings were built around 1980 except 2 of buildings which are under construction and will be completed in 2018.

More Information MLS# 18028446

Location & Property Info

Cross Streets: Oeana Dr. Property Sub-Type: 5+ Units Municipality: Hart

Office/Contract Info

Auction or For Sale: For Sale

General Property Info

New Construction: No Lot Dimensions: irregular Financial Available: Yes Road Frontage: 380 Cert of Compliance: Yes Waterfront: No Basement: No Total # Units: 42 # of Diff Unit Floor Plans: 4 Total # Bldgs: 7 Total Parking Spaces: 60 School District: Hart Lot Measurement: Acres Lot Square Footage: 283140 Lot Acres: 6.5 Year Built: 1980

Tax Info

Taxable Value: 577400 SEV: 577400 For Tax Year: 2016 Seller's Annual Property Tax: 35934.3 Tax Year: 2015 Homestead %: 0 Spec Assessment & Ty: city Tax ID #: 6402024200200

Remarks & Misc

Legal: City of Hart Standard Map Plat A BLK 42 LYG W'Ly of US-31 R/W

Lot Description

Level: 1

Street Type

Paved: 1 Public: 1

Util Avail at Street

Storm Sewer: 1

Utilities Attached

Cable Connected: 1 Electricity Connected: 1 Natural Gas Connected: 1 Phone Connected: 1

Sewer

Public Sewer: 1

Water

Public Water: 1

Terms Available

Cash: 1 Conventional: 1 MSHDA: 1 Rural Development: 1

Mineral Rights

Unknown: 1

Assoc. Amenities

Clubhouse: 1 Meeting Room: 1

Exterior Material

Stucco: 1 Vinyl Siding: 1

Roofing

Composition: 1

Heat Source

Natural Gas: 1

Sale Conditions

None: 1

Heat Type

Forced Air: 1

Air Conditioning

Central Air: 1

Access Feat

Accessibility Features: Yes

Accessibility Feat

36 Inch Entrance Doo: 1 36' or + Hallway: 1 Accessible Bath Sink: 1 Accessible Kitchen Sink: 1 Accessible Mn Flr Be: 1 Grab Bar Mn Flr Bath: 1 Low Threshold Shower: 1

Tenant Pays

Electric: 1 Gas: 1

Driveway

Paved: 1

Substructure

Slab: 1

Extras

Club House: 1 Laundry Facility: 1 Sep Electric Meter: 1 Sep Gas Meter: 1

Owner Pays

Sewer: 1 Trash Collection: 1 Water: 1

Unit 1

Unit Description: #1 Identical Units: 28 Occupied: Yes Monthly Rent: 592 Bedrooms: 1 Bathrooms: 1

Unit 2

Unit Description: #2 Identical Units: 16 Occupied: Yes Monthly Rent: 648 Bedrooms: 2 Bathrooms: 1

Unit 3

Unit Description: #3 Identical Units: 2 Occupied: Yes Monthly Rent: 714 Bedrooms: 3 Bathrooms: 2

Unit 4

Unit Description: #4 Identical Units: 2 Occupied: Yes Monthly Rent: 781 Bedrooms: 4 Bathrooms: 2

Possession

Close Of Escrow: 1

Location Property Info

County: Oceana Street #: 710 Street Direction: E Street Name: Main Suffix: Street State: MI Zip Code: 49420 Area: MasonOceanaManistee - O

OfficeContract Info

Status: Sold Current Price: $2,000,000 List Price: $2,200,000 Listing Date: 2018-06-20

Remarks Misc

Directions: US 31 to the Hart exit, East to Oceana Dr., North to Main St., West to entrance to complex on North side of street.

Status Change Info

Under Contract Date: 2018-09-01 Sold Date: 2018-12-11 Sold Price: $2,000,000

Property Features

Accessibility Feat: 36 Inch Entrance Doo; 36' or + Hallway; Accessible Bath Sink; Accessible Kitchen Sink; Accessible Mn Flr Be; Grab Bar Mn Flr Bath; Low Threshold Shower Exterior Material: Stucco; Vinyl Siding Roofing: Composition Substructure: Slab Lot Description: Level Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at Street: Storm Sewer Extras: Club House; Laundry Facility; 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: Paved Street Type: Paved; Public Mineral Rights: Unknown Terms Available: Cash; Conventional; MSHDA; Rural Development Possession: Close Of Escrow Sale Conditions: None
Listing Office: Wickstra Realty, Inc.
Listing Agent: Larry Byl
IDX
Last Updated: October - 20 - 2021
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