46465 WILLIS RD BELLEVILLE, MI 48111

Features

• Price/sqft: $98
• Lot Size: 60113 sq. ft.
• Total Rooms: 5
• Room List: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
• Stories: 100
• Heating: Forced Air Heating

Facts

• Year Built: 01/01/1946
• Property ID: 892995142
• MLS Number: 20240041672
• Parcel Number: 81 034 99 0004 000
• Property Type: Single Family Home
• County: WAYNE
• Legal Description: 09R THAT PART OF THE N 1/2 OF THE N E 1/4 OF THE N W 1/4 OF SEC 9 DES AS BEG AT A POINT ON THE SLY LINE OF WILLIS ROAD DISTANT S 2D 08M 40SEC E 60.16 FT AND S 83D 38M 20SEC W 282.42 FT FROM THE N 1/4 COR OF SEC 9 AND PROCEEDING TH S 83D 38M 20SEC W A
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. This charming, fully occupied Sumpter Township 12-unit property is comprised of two duplexes, one triplex, one quad and a stand alone single family all on one parcel. There is also a land space with a garage on the back of the parcel perfect for renting to trailers, boats and other storage seekers. The properties have been well maintained over the years with historically terrific occupancy. Appraised previously at a 6.75% cap rate. Utility meters are separated by unit, and with an already outstanding NOI, there is significant value-add opportunity, too, in both raising rents and renting the land and garage storage spaces. Moreover, this can be done with low capital on the front end as the seller is in the process of passing all city inspections, which will be completed by closing. Huge bonus there as with the property being as turnkey as can be expected for a MF property, post-close, your only job is to maximize the NOI and valuation of the property with efficient operations. Owner statement, rent roll, and walk through videos of recently occupied unit available upon request.