6257 Bancroft Avenue SE, Alto, MI 49302

$371,500

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Sold Price
$371,500
List Price
$359,990
Closing Date
Oct 31, 2023
Days on Market
47
MLS#
23031847
Status
SOLD
Type
Multifamily
Neighborhood
Grand Rapids - G

Property Description

🏢 Prime Investment Opportunity in Alto, MI Welcome to 6257 Bancroft, where an exceptional 3-unit rental property awaits astute investors searching for a strategic addition to their portfolio. This property presents an impeccable blend of stability, convenience, and profit potential. With a proven tenant history and an impressive annual rent income of $38,220, this investment gem guarantees both immediate cash flow and enduring value appreciation. Property Overview: Discover the advantages of this property, which comprises three effortlessly manageable units. Comprising two 2-bedroom units and one 3-bedroom unit, this layout caters to a variety of tenant preferences. The prime location directly across from Alto Elementary School and easy access to I-96 add to the proper desirability. Features and Benefits:  Strategic Unit Configuration: The property boasts two 2-bedroom units and a spacious 3-bedroom unit, optimizing flexibility and attracting a diverse range of tenants.  Convenient Location: Situated right across the street from Alto Elementary School and offering quick access to I-96, the property's location is tailored for tenant convenience and long-term demand.  Professional Management: With a dedicated property manager overseeing operations, you can trust that this investment is expertly maintained, ensuring hassle-free ownership.  Solid Tenant History: A track record of exceptional tenant satisfaction is supported by established leases in place, enhancing the property's reliability and income stability.  Investor's Dream: Whether you're a seasoned real estate investor or embarking on your investment journey, this property provides a golden opportunity to tap into a robust rental market and secure consistent rental income.

Additional Information

Owner Pays
None
Taxes
$4,304
Acres
1
Basement
Full
Heating
Hot Water
Roofing
Composition
School District
Lowell
Sewer
Public Sewer
Tenant Pays
Electricity, Gas
Total Parking Spaces
10
Utilities
Cable Connected, Natural Gas Connected, Phone Connected, Electricity Connected, Cable Available, Natural Gas Available
Water
Well

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Joshua M McCracken from Listing Office: Greenridge Realty (Lowell).

Selling Agent: Selling Office: .

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