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3501 NW Thomas Road W

$ 399,900
3501 NW Thomas RD W ,
48
Active

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: 3501 NW Thomas RD W
State/County:
Zip: 48371
Open In Google Maps
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, © 2021 Realcomp II Ltd. Shareholders.

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