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46465 WILLIS Road
Belleville MI 48111 US

$940,000

Active Under Contract Listing ID 20240041672
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12.00 Bath (12 Full)
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Lot: 1.38 Acres
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Other

$940,000

Active Under Contract Listing ID 20240041672
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46465 WILLIS Road This charming, fully occupied Sumpter Township 12-unit property is comprised of two duplexes, one triplex, one quad and a stand alone single family all on one parcel. There is also a land space with a garage on the back of the parcel perfect for renting to trailers, boats and other storage seekers. The properties have been well maintained over the years with historically terrific occupancy. Appraised previously at a 6.75% cap rate. Utility meters are separated by unit, and with an already outstanding NOI, there is significant value-add opportunity, too, in both raising rents and renting the land and garage storage spaces. Moreover, this can be done with low capital on the front end as the seller is in the process of passing all city inspections, which will be completed by closing. Huge bonus there as with the property being as turnkey as can be expected for a MF property, post-close, your only job is to maximize the NOI and valuation of the property with efficient operations. Owner statement, rent roll, and walk through videos of recently occupied unit available upon request.

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Property Features

  • Facts
  • Lot Size: 1.38 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 12
  • Heating Fuels: Forced Air

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 940000
  • unparsedaddress: 46465 WILLIS Road
  • postalcity: Belleville
  • stateorprovince: MI
  • country: US
  • postalcode: 48111
  • bathroomsfull: 12
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 1.38
  • lotsizeunits: Acres
  • lotsizearea: 1.38
  • livingarea: 9523
  • livingareaunits: Square Feet
  • listagentfullname: Joseph Hammel
  • listagentemail: joe@firerealtyteam.com
  • listagentkey: 3yd-REALCOMPMI-422602
  • listagentmlsid: 422602
  • listagentpreferredphone: 2486497200
  • listagentofficephone: 2486497200
  • listofficekey: 3yd-REALCOMPMI-409720
  • listofficemlsid: 409720
  • disclaimer: Copyright © 2024 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: REALCOMPMI
  • yearbuilt: 1946
  • listingcontractdate: 2024-06-13
  • listagenturl: http://www.firerealtyteam.com
  • countyorparish: Wayne
  • parcelnumber: 81034990004000
  • elementaryschooldistrict: Van Buren
  • middleorjuniorschooldistrict: Van Buren
  • highschooldistrict: Van Buren
  • heating: Forced Air
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • parkingfeatures: Garage
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • architecturalstyle: Colonial
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AlternatePrices":[], "BrokerName":"M77 LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"klrw928@kw.com", "ListBrokerageCity":"Troy", "ListBrokerageCountry":"US", "ListBrokerageEmail":"laithyaldo@hotmail.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/REALCOMPMI/c5ababf0228558c101228906f5200095/20090729120511040.jpeg", "ListBrokerageName":"M77 LLC", "ListBrokeragePhone":"248-649-7200", "ListBrokeragePostalCode":"48084", "ListBrokerageStateOrProvince":"MI", "ListBrokerageUnitNumber":"Ste 100", "ListBrokerageUnparsedAddress":"901 Wilshire", "ListBrokerageWebsiteUrl":"http://www.kwtroy.com/", "ListOfficeAddress1":"901 Wilshire Suite 125", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"304862", "ListOfficeCity":"Troy", "ListOfficeCountry":"US", "ListOfficeEmail":"laithyaldo@hotmail.com", "ListOfficePostalCode":"48084", "ListOfficeStateOrProvince":"MI", "ListPriceCurrencyType":"USD", "ListingTitle":"Colonial, Ranch - Belleville, MI", "ListingURL":"https://listings.listhub.net/pages/REALCOMPMI/20240041672/?channel=rexren", "MLSModificationTimestamp":"2024-08-27T13:09:21Z", "Neighborhoods":[{"Description":null, "Name":"Sumpter Twp"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":9395, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/23/2024 10:11:06 AM GMT
Source Updated Date: 9/28/2024 6:47:07 AM GMT

Courtesy of: Joseph Hammel, Keller Williams Somerset, joe@firerealtyteam.com

Copyright © 2024 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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