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3501 NW Thomas Road W

$ 399,900

Multi-Family in Sales

3501 NW Thomas RD W , Oxford Twp

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Description

One of a kind unique…Excellent turn-key investment opportunity! Hard to find 5 unit rental with historic curb appeal. Many updates, everything has been done to make this an excellent income property. All 5 units are currently rented with 1 year leases. 4 – 1 bed., and 1 – 2 bed. unit, Just take over the current leases/tenants & collect your income. Paved parking spaces, new roof, new mechanical’s, (new well pump 6/2019), boiler, hot water tanks, sump pump., appliances (stoves /Refrigerators), roof, exterior, porch & stairs, windows, sidewalks, whole building water conditioning system, etc. Lots of prime road frontage on M-24 across from commercial. Great location, easy access to all major commute routes. All units have private entrances, kitchen, bath, bedroom, & living area. The charm & character of this historic building remains. Large private yard. High speed internet, cable & phone available. Current owner licensed Real Estate Agent. BATVAI

Address

Address: 3501 NW Thomas RD W

City: Oxford Twp

State/County: Michigan

Zip: 48371

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Details

Property Id : 25020

Price: $ 399,900

Bedrooms: 5

Bathrooms: 5

Building size: 0.50 acres

Available Space: 3500 sq.ft.

Active Openhouse Count: 0

Architecture Level: 2 Story

Architecture Style: Upper/Lower Apartment

Assessment: none

Basement Type: Private,Unfinished

Baths Full: 5

Baths Half: 0

CDOM: 91

Construction Materials: Stone,Vinyl

County Or Parish: Oakland

Cooling: Ceiling Fan(s),Separate Meter

Directions: M24 (Lapeer Rd.) N. to Corner of Thomas ans M24

Directions From EastWest: w

Directions From EastWest Detail: Ludwig

Directions From NorthSouth: s

Directions From NorthSouth Detail: oakwood

DOM: 91

Exterior Features: Awning/Overhang(s),Outside Lighting,Private Entry

Foundation Details: Basement,Michigan Basement

Foundation Materials: Stone

Frontage Feet: 88

Gross Scheduled Income: 34800.00

Heating: Baseboard,Hot Water,Zoned

Heating Fuel: Electric,Natural Gas

Income Projection: Projected

Interior Features: Cable Available,Carbon Monoxide Alarm(s),High Spd Internet Avail,Water Softener (rented)

Last Change Type: Price Decrease

List Office Name: Willowdale Realty & Dev

List Price By Acre: 799800.0000

Lockbox Location: Call Listing Agent

Lock Box Type: Appointment

Living Area Source: Estimated

Lot Size Dimensions: 196x88x196x196

MLS: Realcomp II Ltd

MLS Area Major: Oxford Twp

MLS Area Major Number: 02041

MLS Number: 219057853

MF Parking: Assigned Spaces,Lighted,Paved

Monthly Rental Income: 2900

Number Of Units Leased: 5

Annual Net Income: 30000.00

Number Of Units Total: 5

Original List Price: 450000.00

Ownership Status: Private Owned,Short Sale - No

Parcel Number: 0405276002

Postal City: Oxford

Property Type: Multifamily

Protection Period: 180

Parking Total: 8

Rent Includes: Garbage Pickup,Heat,Int Maint W/Deduct,Snow Removal,Water/Sewer,Yard Maintenance

Road Frontage Type: Gravel,Paved

Roof Material: Asphalt,Composition

Room Count: 0

School District: Oxford

Settlement: Township

Sewer: Septic-Existing

Short Sale: No

Side Of Street: W

Sqft Source: est

State Equalized Value: 98180.0000

Street Dir Prefix: NW

Street Dir Suffix: W

Street Name: Thomas

Street Number: 3501

Street Suffix: Road

Subdivision Name: none

Sqft Combined: 3600

Sqft Lower Floor: 100

Sqft Total Bsmt: 1000

Table: Multi Family

Tax Amount Summer: 2800.0000

Tax Amount Winter: 2900.0000

Tax Legal Description: T5N, R10E, SEC 5 PART OF E 1/2 OF SEC BEG AT PT DIST N 01-52-50 E 2600 FT FROM SE SEC COR, TH N 86-05-32 W 196.65 FT, TH N 04-15-15 E 196.96 FT, TH S 86-59-38 E TO E SEC LINE, TH S 02-02-30 E TO BEG EXC THAT PART TAKEN FOR HWY M-24 0.50 A P69A

Title: Private - Owned

Total Tax: 5700.0000

Unit Count: 5

Unit Efficiency Number Of: 0

Unit Loft Number Of: 0

Unit One Bed Number Of: 4

Unit Three Bed Number Of: 0

Unit Two Bed Number Of: 1

Virtual Tour URL Unbranded: https://www.propertypanorama.com/instaview/nocbor/219057853

Water Heater Fuel: Electric,Separate Meters

Water Source: Well-Existing

Year Built: 1935

Year Remodeled: 2009

Zoning: Multi-Family

Customer Comment: Yes

Encroachment: No

Exclusions: No

Inventory List: Yes

Land Contract: No

Legal Rental Certified: No

Publish Sale Price: Yes

Restrictions: No

Waterfront: No

Zone Conform: Yes

Basement: Yes

Down Payment Resource: No

Percent Homestead Exempt: No

Pool: No

IDX provided courtesy of Realcomp II Ltd., via Willowdale Realty & Dev and Realcomp, © 2022 Realcomp II Ltd. Shareholders.

© 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Historic Realty Detroit are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2020-08-12 13:09:56.