Otsego, MI 49078,134 W Allegan Street
Otsego, MI 49078,134 W Allegan Street
Otsego, MI 49078,134 W Allegan Street
Otsego, MI 49078,134 W Allegan Street
Otsego, MI 49078,134 W Allegan Street
Otsego, MI 49078,134 W Allegan Street
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Richard Stewart

Richard Stewart

REAL BROKER Llc

+1(269) 345-7000
$ 459,900
Est. payment | /mo

6 Baths

6,670 SqFt


Save
$ 459,900
Est. payment | /mo
Save

6 Baths

6,670 SqFt

Key Details

Property Type Commercial

Sub Type Business

Listing Status Pending

Purchase Type For Sale

Square Footage 6,670 sqft

Price per Sqft $68

Municipality Otsego City

MLS Listing ID 25022992

Full Baths 6

Year Built 1914

Annual Tax Amount $9,036

Tax Year 2024

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 59X73

Property Sub-Type Business

Property Description

Looking for a Great Investment Opportunity with a 9% Cap Rate or Return on Investment, Passing Environmental & Open Book Rent Roll for tenants & Expenses?
The Building has new flat roof on both buildings, New commercial doors, new updated commercial space that rents 5 separate offices in one commercial space and another commercial business next door along with 3 apartments filled with long term tenants.
Apartment 1 = $950/month Year Lease
Apartment 2 = $1,000/month Year Lease
Apartment 3 = $1,250/month 6 month Lease
Office 1 = $550/month Year Lease
Office 2 = $515/month Year
Office 3 = $300
Office 4 = $300
Office 5 = Vacant
Commercial Building 2 = $750/m 3 year lease
Monthly Income $5,615
Owners pay for Water & Trash Only.
No Yard Maintenance. No Snow Removal. Public Parking

Location

State MI

County Allegan

Area Greater Kalamazoo - K

Direction Take Plainwell Exit off 131 to Otsego. Building is on the Right.

Interior

Interior Features Broadband

Heating Forced Air

Cooling Central Air

Inclusions Real Estate, Non-Applicable, Furniture

Exterior

Utilities Available Natural Gas Connected, Electricity Connected

View Y/N No

Roof Type Rubber

Building

Foundation Block

Structure Type Block,Brick,Metal Siding

New Construction No

Schools

School District Otsego

Others

Tax ID 54-100-010-00

Ownership LLC

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Listed by Bellabay Realty (Middleville)
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(269) 345-7000

richard@2693457000.com

828 Portage St, Kalamazoo, MI, 49001, United States

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134 W Allegan Street