Fennville, MI 49408,303 W 1st Street
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Fennville, MI 49408,303 W 1st Street
Fennville, MI 49408,303 W 1st Street
Fennville, MI 49408,303 W 1st Street
Fennville, MI 49408,303 W 1st Street

$235,000

Est. payment /mo

$259,999

9.6%
Est.Price: ?

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303 W 1st Street Fennville, MI 49408

8,712 Sqft Lot

SOLD DATE : 05/26/2023

Key Details

Sold Price $235,000

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Sold

Purchase Type For Sale

Municipality Fennville City

MLS Listing ID 22049480

Sold Date 05/26/23

Originating Board Michigan Regional Information Center (MichRIC)

Year Built 1890

Annual Tax Amount $2,887

Tax Year 2022

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 66x132

Property Description

Price change! Back on the market at no fault of the seller. Huge multi family with tons of potential in the city of Fennville. Currently set up as a duplex, but easy to convert back to a 3 or 4 plex. Unique opportunity for the savvy investor. One side is currently occupied by the seller - no tenants, which makes this a prime opportunity for the next owner. Updated electrical. Recent appraisal came in at 260k for the half that is occupied - leaving a huge upside for someone willing to put in the work to get the other side habitable. Most recent contractor estimates came in around 80-100k, with an estimated appraisal value of 450-500k. This will take a cash buyer, or some unique financing. Hurry and snag this wine country multi family before its too late! BATVAI See supplemental remarks. Have you ever wanted to break into the rental game and own your own multi-family property but don't know where to start? Are you willing to put in the sweat equity? Check out this opportunity for a current duplex with the ability to update the front house and create a 4plex. Back duplex is currently habitable, the front duplex needs to be rehabbed. Maybe this is not your dream home, but it could certainly be the path to your future dream home. Live in one unit and rent out the second unit while remodeling the 3rd and 4th unit. I understand this opportunity may not be for everyone, but if you are interested in living "almost free" while building your future rental portfolio, then give me a call. I have several lending partners standing by that are willing to do the owner/occupied financing or the construction/rehab loan that this property requires. Sellers are motivated! Call or text me for the details. Have you ever wanted to break into the rental game and own your own multi-family property but don't know where to start? Are you willing to put in the sweat equity? Check out this opportunity for a current duplex with the ability to update the front house and create a 4plex. Back duplex is currently habitable, the front duplex needs to be rehabbed. Maybe this is not your dream home, but it could certainly be the path to your future dream home. Live in one unit and rent out the second unit while remodeling the 3rd and 4th unit. I understand this opportunity may not be for everyone, but if you are interested in living "almost free" while building your future rental portfolio, then give me a call. I have several lending partners standing by that are willing to do the owner/occupied financing or the construction/rehab loan that this property requires. Sellers are motivated! Call or text me for the details.

Location

State MI

County Allegan

Area Holland/Saugatuck - H

Direction M89 East to Rose St North. East on W 1St

Rooms

Basement Crawl Space, Michigan Basement, Partial

Interior

Heating Hot Water, Forced Air, Electric, Natural Gas

Cooling Central Air

Fireplaces Number 2

Exterior

Parking Features Concrete, Driveway

Utilities Available Phone Available, Electric Available, Cable Available, Natural Gas Connected, Electric Connected

View Y/N No

Roof Type Composition

Total Parking Spaces 8

Building

Lot Description Sidewalk

Sewer Public Sewer

Structure Type Vinyl Siding

New Construction No

Schools

School District Fennville

Others

Tax ID 52-100-016-00

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Greenridge Realty Holland

Neil Hackler

Real Estate Advisor | License ID: 167138

+1(773) 677-3479

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