$69,500
$60,000
15.8%For more information regarding the value of a property, please contact us for a free consultation.
205 Homer Road Concord Vlg, MI 49237
2 Beds
10,454 Sqft Lot
Key Details
Sold Price $69,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Assessors Plat
MLS Listing ID 55022018469
Sold Date 06/10/22
Bedrooms 2
Originating Board Jackson Area Association of REALTORS
Year Built 1900
Annual Tax Amount $1,948
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 101x167
Property Description
Located in the beautiful Village of Concord, this duplex is ready for its new owner occupants or investor. Main level features a 2 bedroom and 1 bathroom unit. Upper level features a 1 bedroom and 1 bathroom unit. Both units a large and have large bedrooms. Units are on separate gas/electric meters. Landlord pays water/sewer/trash. Tenants pay gas/electric/lawn. Property is in close proximity to schools, shopping, dining, and more. Current rents below market. At market average, cap rate is estimated at 16% on listing price and 10.3% on future value. Property is being sold as-is and where-is.
Location
State MI
County Jackson
Area Concord Vlg
Direction Form Main St in Village of Concord, go W on Homer St. Corner of Homer St and Maple St.
Interior
Interior Features Cable Available
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 4.0
Roof Type Other
Road Frontage Paved, Pub. Sidewalk
Garage no
Building
Foundation Crawl
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Wood
Schools
School District Concord
Others
Pets Allowed Yes
Tax ID 003112732702805
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with Coldwell Banker Groves Real Estate