MBA Real Estate Services
Listed by MBA Real Estate Services
$240,000
440 S Ortonville Rd
Details
APN 0318152002
Property Type Office, Retail
Sub Type Executive Office, Storefront
Square Footage 1,200
Net Rentable (SqFt) 1,900
Units 3
Cap Rate 0.05%
NOI $120
Occupancy 67%
Price per SqFt $200
Year Built 1950
Buildings 2
Stories 1
Acreage 0.690
Ownership Private
Office | 0.05% CAP | 1,200 SqFt
Marketing description
Great opportunity to invest on M-15 in the village of Ortonville. Current configuration is a two unit commercial building with a single family residence at the immediate south of that building. Multiple parcel ID's: Entire sale includes 3 parcels, with a total of almost 6 acres, with approximately one acre currently stabilized for use. Value of the parcel is primarily in the land. Structures are in need of repair. Any new owner/user would need to install an engineered septic field. Laundry was never completed on site. All work was sourced. No contaminants, dyes, detergents were ever on site. Please do not approach tenants/owners. Showing by appointment only.
Investment highlights
Great opportunity to invest on M-15 in the village of Ortonville. Current configuration is a two unit commercial building with a single family residence at the immediate south of that building. Multiple parcel ID's: Entire sale includes 3 parcels, with a total of almost 6 acres, with approximately one acre currently stabilized for use. Value of the parcel is primarily in the land. Structures are in need of repair. Any new owner/user would need to install an engineered septic field. Laundry was never completed on site. All work was sourced. No contaminants, dyes, detergents were ever on site. Please do not approach tenants/owners. Showing by appointment only.
Listing Contacts
MBA Real Estate Services
Listed by MBA Real Estate Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$120.00
$10.00/mo
Valuation Metrics
0
DSCR
0.05%
Cap Rate
0.05%
ROI
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