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

Interior

Laundry Features

In Unit

HOA Features

Association Amenities

Association Fee Includes

Building And Construction

Accessibility Features

Ramped Entrance

Number of Units Total

Property Sub Type

Multi Family

Property Type

Residential Income

Year Built

1902

Exterior And Lot

Lot Features

Level, Sidewalk, Corner Lot

Lot Size Acres

0.17

Lot Size Square Feet

7405

Lot Size Units

Acres

Parking Features

Parking Total

Waterfront Features

Utilities

Cooling

Central Air

Heating

Forced Air

Area And Schools

City

Lyons

County Or Parish

Ionia

School District

Ionia

Financial Info

Tax Annual Amount

$3,304

Tax Year

2024

Price per square foot and days on website are not provided values and are calculated by RE/MAX.

Listing Agent

Anthony L Lewis

Listing Office

RE/MAX of Grand Rapids (FH), 616-957-0700

Updated

3:49pm UTC- 10/31/2024

RE/MAX of Grand Rapids (FH) is licensed in the State of Michigan. The properties on this website come in part from the Broker Reciprocity Program of the Member MLS's of the Michigan Regional Information Center. Information Deemed Reliable But Not Guaranteed. The firm operating this website does not display the entire MLS, MichRIC, LLC, Broker Reciprocity database on this website. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Information deemed reliable but not guaranteed. Copyright © 2024 Michigan Regional Information Center. All Rights Reserved.