3231 Ray Road

Fenton, Michigan 48430

  • 8 Bed(s)
  • 5 Bath(s)
  • 3,477 Sqft
  • 21.59
    Acres(Lot)
$850,000

Description

Five (5) unit apartment building on 21.59 acres with room for expansion. this property also has a 5,000 sq pole barn that has a concrete floor, electricity, spray foam insulation ($30,000), a bathroom, and an office. the pole barn is not rented and can provide extra income of approximately $2,500.00 per month. for additional income, there is also a billboard which currently receives $600.00 per month for one side and $175.00 per month for the other. in addition to that, this 21.59 acre property has approximately 1,385 feet of frontage on us-23, and approximately 20 acres for farming with income of approximately $1,500.00 per year. some updates in the farmhouse include some new flooring, bathroom tile and paint. this is an excellent investment opportunity. do not disturb the tenants! all residential units are occupied! no showings without an accepted offer. all information is estimated and should be verified.

  • Property Type

    Multifamily
  • County

    Genesee
  • Style

    Duplex,Farmhouse
  • AD ID

    40559504

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Property Details

  • Bathroom Information

    • Total Baths: 5
    • Full Baths: 5

    Heating & Cooling

    • Heating: Forced Air,Hot Water
    • Heating Fuel: LP Gas/Propane
  • Building Information

    • Year Built: 1900
    • Building Stories: 1 1/2 Story
    • Total Units: 5
    • Foundation/Basement: Crawl
    • Architecture: Duplex,Farmhouse

    Exterior Features

    • Construction: Vinyl,Other

    Utility Features

    • Sewer: Septic-Existing

    Water

    • Well-Existing
  • Lot Information

    • Lot Size: 21.59
    • Dimensions: 435 x 1385 x 679 x 1133 x 165 x 263

    Property Information

    • SQ ft: 3477
    • Financing: Cash,Conventional
  • Listing Price Information

    • Original List Price: $650,000

    Listing Information

    • Possession: At Close
    • Legal Description: A PARCEL OF LAND BEG S 89 DEG 48 MIN W 2087.11 FT FROM NE COR OF SEC TH S 0 DEG 13 MIN E 264 FT TH N 89 DEG 48 MIN E 165 FT TH S 0 DEG 13 MIN E 1095.17 FT TH N 89 DEG 03 MIN W 783.38 FT TH N 3 DEG 8 MIN 13 SEC E 1345.73 FT TH N 89 DEG 48 MIN E 539.5 FT TO PL OF BEG SEC 3 T5N R6E (94) FR F-72--(2020)
  • Tax Information

    • Annual Tax: $6,552
    • Parcel Number: 0603200022

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: A PARCEL OF LAND BEG S 89 DEG 48 MIN W 2087.11 FT FROM NE COR OF SEC TH S 0 DEG 13 MIN E 264 FT TH N 89 DEG 48 MIN E 165 FT TH S 0 DEG 13 MIN E 1095.17 FT TH N 89 DEG 03 MIN W 783.38 FT TH N 3 DEG 8 MIN 13 SEC E 1345.73 FT TH N 89 DEG 48 MIN E 539.5 FT TO PL OF BEG SEC 3 T5N R6E (94) FR F-72--(2020)
  • Multi-Unit Information

    • Road Frontage: Gravel

    Unit 1 Information

    • # of Bedrooms: 3

    Unit 2 Information

    • # of Bedrooms: 1

    Unit 3 Information

    • # of Bedrooms: 1
  • Utility Information

    • Water:Well-Existing
    • Sewer:Septic-Existing
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BuyOwner last updated this listing 03/29/2024 @ 03:42

  • MLS: 537302456
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

Buyer Agency Compensation: 3%
Offer of compensation is made only to participants of the MLS where the listing is filed.

is a Multifamily, with 8 bedrooms which is for sale, it has 3,477 sqft, 22 sized lot, and 0 parking. A comparable Multifamily, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Fenton , in zip code 48430, this Genesee County Multifamily and are nearby neighborhoods.