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 $750.00 per month for one side and $4,500.00 per year 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 $900.00 per year. some updates in the farmhouse include some new flooring, bathroom tile and paint. this is an excellent investment opportunity. city water is coming to thompson rd this summer & torrey rd next summer! 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: Other,Vinyl

    Utility Features

    • Sewer: Septic Tank (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 Tank (Existing)
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BuyOwner last updated this listing 05/13/2025 @ 16:25

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

is a Multifamily, with 8 bedrooms which is recently sold, it has 3,477 sqft, 22 sized lot, and 0 parking. are nearby neighborhoods.