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$850,000

Est. payment - /mo

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5 BD

5 BA

3,477 SqFt

Active

3231 RAY Road Fenton Twp, MI 48430

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David Elwood

davidelwood@epique.me +1(248) 568-5958

UPDATED:

07/22/2024 04:05 PM

Key Details

Property Type Multi-Family

Sub Type Duplex,Farmhouse

Listing Status Active

Purchase Type For Sale

Square Footage 3,477 sqft

Price per Sqft $244

MLS Listing ID 2220004051

Style Duplex,Farmhouse

Bedrooms 5

Full Baths 5

Originating Board Realcomp II Ltd

Year Built 1900

Annual Tax Amount $6,552

Lot Size 21.590 Acres

Acres 21.59

Lot Dimensions 435 x 1385 x 679 x 1133 x 165 x 263

Property 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.

Location

State MI

County Genesee

Area Fenton Twp

Zoning Agricultural

Direction US-23 to Thompson Rd, East on Thompson Rd to Torrey Rd, North on Torrey Rd to Ray Rd, West on Ray Rd to property

Interior

Heating Forced Air, Hot Water

Fireplace no

Heat Source LP Gas/Propane

Exterior

Pool No

Waterfront no

Road Frontage Gravel

Garage no

Building

Foundation Crawl

Sewer Septic Tank (Existing)

Water Well (Existing)

Architectural Style Duplex, Farmhouse

Level or Stories 1 1/2 Story

Structure Type Other,Vinyl

Schools

School District Lake Fenton

Others

Pets Allowed Yes

Tax ID 0603200022

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional

Rebuilt Year 2021

Listing Terms Cash, Conventional

Financing Cash,Conventional

Listed by Van Esley Real Estate Inc

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David Elwood

Broker Associate | License ID: 6506045662

+1(248) 568-5958

David Elwood

3231 RAY Road Fenton Twp, MI 48430

David Elwood

Key Details

Location

Interior

Exterior

Building

Schools

Others

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3231 RAY Road