Seller's Agent in 2015
Darin Elliott
Greenridge Realty (Ionia)
(616) 523-3006
597 Total Sales
8695 Macarthur Rd Saranac, MI 48881
--
Bed
--
Bath
--
Sq Ft
5
Acres
About This Home
As of October 2015Unbelievable investment opportunity. 6 unit mobile home community on 5 wooded acres. Super cash flow and 100% occupancy. 3 units rent at $575 and 3 are at $600 per month. Landlord pays trash, snow, and lawn. One well per 2 units. Each unit has private septic. Land contract terms could be available. Hurry to show!!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1978
Lot Details
- 5 Acre Lot
- Lot Dimensions are 520x675x500x572
- The property's road front is unimproved
- Wooded Lot
Home Design
- Composition Roof
- Vinyl Siding
Basement
- Crawl Space
Parking
- 24 Parking Spaces
- Unpaved Driveway
Utilities
- Forced Air Heating System
- Heating System Uses Propane
- Well
- Septic System
- Phone Connected
Listing and Financial Details
- Tenant pays for gas
Community Details
Overview
- 6 Buildings
- 6 Units
Recreation
- Recreational Area
Building Details
- Insurance Expense $725
- Maintenance Expense $4,056
- Gross Income $42,300
- Net Operating Income $33,819
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/21/2015 10/21/15 | Sold | $120,000 | -19.9% | -- |
| 10/14/2015 10/14/15 | Pending | -- | -- | -- |
| 05/04/2015 05/04/15 | For Sale | $149,900 | -- | -- |
Source: MichRIC
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,877 | $55,300 | $18,700 | $36,600 |
| 2024 | $4 | $55,300 | $18,700 | $36,600 |
| 2023 | $389 | $42,900 | $15,000 | $27,900 |
| 2022 | $370 | $42,900 | $15,000 | $27,900 |
| 2021 | $1,620 | $37,900 | $12,400 | $25,500 |
| 2020 | $355 | $37,900 | $12,400 | $25,500 |
| 2019 | $276 | $34,800 | $11,600 | $23,200 |
| 2018 | $1,280 | $27,400 | $11,600 | $15,800 |
| 2017 | $278 | $27,400 | $11,600 | $15,800 |
| 2016 | $276 | $24,700 | $10,300 | $14,400 |
| 2015 | -- | $24,700 | $10,300 | $14,400 |
| 2014 | -- | $23,400 | $10,300 | $13,100 |
Source: Public Records
Agents Affiliated with this Home
-
Darin Elliott
Map
Source: MichRIC
MLS Number: 15003046
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