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Real Estate > World > North America > United States > Midwest > Michigan > Battle Creek > Permanent Exchange > Commercial / Business
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4 Unit Apartment Building

Item Number: 14133
Trade Type:
Permanent Exchange
Property's Location:
Battle Creek, MI 49017, United States
Property Type:
Apartment / Multifamily
Units:
4
Total Area:
User (Rating):
tdom
Not Rated
Estimated Value:
72,500 points (one point = $1.00)
Last updated:
Aug 12, 2012
Description

4 single bedroom apartments; fully occupied; good earner (currently $1600 per month); new roof 2009 (10 year guarentee); new furnace 5 years ago; rent certified good for 3 years.

Investors know the value of a multi-plex building. With 4 units the likelihood of total non-performance is greatly reduced. In the ten years I have owned this property, it has always produced rental income. Buying less then a four-plex heightens the possibility of total non-performance exponentially.