104 N PRAIRIE ST
LYONS, MI 48851
$989,900
0 Beds
0 Baths
N/A Sq Ft
Status Active
MLS# 24044899
Excellent business opportunity with 9.4% cap rate, $93,036 net operating income. 4.13% assumable mortgage probably available to qualified buyer. $577,297 balance $3,744.98 P+I 25 year amortization, 3-4 years left on loan. Professionally appraised at $1,050,000. Renovated 2021 w/construction cost of 665k w/all new furnaces, hvac, water heaters, new kitchens w/shaker cabinets, new baths, new floor covering. Roof 2018 w/20 yrs warranty. Turn key very sharp units. All new appliances w/stainless steel stove, refrigerators, microwaves + in unit washer and dryers. Incredible all brick 1902 bank building . Lots of character w/safe, exposed brick, high ceilings, hardwood floors, arched windows. 7 one bedroom apts, 1 two bedroom apt, + commercial space leased to USPS. All tenants current. Renovation details and leases available upon request
Details for 104 N PRAIRIE ST
Built in 1902
8 parking spaces
Central Air
Forced Air
65 Days on website
0.17 acres lot
Price per square foot and days on website are not provided values and are calculated by RE/MAX.
Anthony L Lewis
RE/MAX of Grand Rapids (FH), 616-957-0700
3:49pm UTC- 10/31/2024
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