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3231 Ray Road

Fenton Twp, MI 48430
  • $850,000
  • STATUS: Active
  • ON SITE: 156 Days
  • ID#: 2220004051
UPDATED: 62 min ago
$850,000
  • 0
    BEDS
  • 21.59
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 3,477
    SQFT
  • $244
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:
Zoning:
Agricultural
Lot Size Dimensions:
435 X 1385 X 679 X 1133 X 165 X 263

School Ratings & Info

School District:

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. 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.

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IDX provided courtesy of Realcomp II Ltd. via Novak & Associates | Real Estate One and Realcomp, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Novak & Associates | Real Estate One 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: 2022-06-29T23:56:36.4.
www.dannovakproperties.com/homes/125008722
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3231 Ray Road Fenton Twp, MI 48430

  • Price: $850,000
  • Status: Active
  • On Site: 156 Days
  • Updated: 62 min ago
  • ID#: 2220004051
0
Beds
5
Baths
0
½ Baths
21.59
Acres
3,477
SQFT
$244
$/SQFT
1900
Built
Neighborhood:
Fenton Twp
County:
Genesee
Area:
Fenton Twp
School District:
LAKE FENTON
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 $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. 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.
Exterior Features

Architecture Level 1 1/2 Story Architecture Style DuplexFarmhouse Construction Materials OtherVinyl Foundation Details Crawl Foundation Materials Block Lot Size Dimensions 435 X 1385 X 679 X 1133 X 165 X 263 Pool YN No Road Frontage Feet 435 Road Frontage Type Gravel Side Of Street S Waterfront YN No

Interior Features

Basement YN No Baths Total 5.00 Heating Forced AirHot Water Heating Fuel Lp Gas/Propane Living Area Source Estimated Sq Ft Combined 3477 Unit Efficiency Number Of 0 Unit Four Bed Number Of 0 Unit One Bed Number Of 3 Unit Three Bed Number Of 1 Unit Two Bed Number Of 1

Property Features

Assessment 0 Down Payment Resource YN No Encroachment YN No Exclusions YN No Existing Lease YN Yes Gross Scheduled Income 82800.00 Income Projection Projected Land Contract YN No Legal Rental Certified YN Yes Listing Financing CashConventional Monthly Rental Income 6900 Net Operating Income 68556.00 Number Of Units Leased 5 Ownership Status Short Sale - NoPrivate Owned Percent Homestead Exempt YN Yes Pets Allowed Call Postal City Fenton Protection Period 180 Settlement Township Sewer Septic Tank (Existing) Short Sale No Tax Amount Summer 1779.0000 Tax Amount Winter 4773.0000 Title Standard (Private) Total Tax 6552.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 3231 Ray Road Water Source Well (Existing) Year Remodeled 2021 Zoning Agricultural

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Van Esley Real Estate Inc: (734) 459-7570 and Realcomp, ©2022 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Novak & Associates | Real Estate One and Realcomp, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Novak & Associates | Real Estate One 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: 2022-06-29T23:56:36.4.
 
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