20097 Willow Lane, Edwardsburg, MI 49112
$1,020,000
Property Type:
Multi Family
Lot Size (sq. ft.):
84,071
Status:
Sold
Current Price:
$1,200,000
List Date:
7/21/2022
Last Modified:
4/26/2023
Description
Great Investment Opportunity! 4 duplex buildings with a total of 8 updated and well maintained units. 3 floor plans (2 2BR, 1.5 units, 2 2BR, 2BA units, and 4 3BR, 2BA units). Great return on investment with opportunity for increased revenue. Units range from 1056-1260 sq ft and each unit has its own 1-car garage, water heater, furnace, AC, and patio. Anderson windows, vaulted ceilings, ancd carpet/tile floors. Great tenants in a low-maintenance neighborhood. Community is tucked away on a private road and is located on ~1.93 acres (to be split off from the 4.25 acre parcel) Conveniently located to Elkhart and within the award-winning school district of Edwardsburg.
More Information MLS# 22030874
Location & Property Info
Cross Streets: M205
Property Sub-Type: 5+ Units
Area: Southwestern Michigan - S
Municipality: Mason Twp
Subdivision: Willow Lane
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 126.8
General Property Info
New Construction: No
Lot Dimensions: 300x281
Financial Available: No
Road Frontage: 281
Waterfront: No
Basement: No
Total # Units: 8
# of Diff Unit Floor Plans: 3
Total # Bldgs: 4
Total Approx. SqFt All Bldgs: 9464
Total Parking Spaces: 16
School District: Edwardsburg
Lot Measurement: Acres
Lot Square Footage: 84071
Lot Acres: 1.93
Year Built: 2002
Tax Info
Taxable Value: 295127
SEV: 387400
For Tax Year: 2021
Seller's Annual Property Tax: 8000
Tax Year: 2021
Homestead %: 0
Spec Assessment & Ty: NONE KNOWN
Tax ID #: 14-060-020-338-50
Remarks & Misc
Legal: approximately 1.93 acres of this parcel: ''338E COM S 0 DEG 13'36''''E 1393 FT FRM NE COR SEC, TH S 0 DEG 13'36''''E 281.35 FT, '' ''W 707.9 FT, N 0 DEG 7'39''''W 231.31 FT, N 28 DEG 15'10''''E 56.8 FT, E 680.42 FT TO '' BEG. SEC 20 4.55 A.
Status Change Info
Sold Price/SqFt: 107.78
Under Contract Date: 2022-12-28
Sold Date: 2023-04-19
Sold Price: $1,020,000
Waterfront Options
Water Access Y/N: No
Water Frontage: 0
Lot Description
Cul-De-Sac: 1
Level: 1
Income and Expenses
Annual Insurance: 4000
Annual Maintenance: 3200
Annual Mgmt. Fees: 0
Annual Utilities: 2430
Gross Op. Inc.: 88980
Net Operating Income: 71350
Operating Expense: 17630
Street Type
Private: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
Natural Gas Available: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Septic Tank: 1
Water
Well: 1
Terms Available
Cash: 1
Conventional: 1
Exterior Material
Vinyl Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Access Feat
Accessibility Features: Yes
Accessibility Feat
36 Inch Entrance Doo: 1
No Step Entrance: 1
Tenant Pays
Electric: 1
Gas: 1
Driveway
Concrete: 1
Substructure
Slab: 1
Extras
Garages: 1
Sep Electric Meter: 1
Sep Gas Meter: 1
Owner Pays
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: 2 bedroom 1.5 bath
Identical Units: 2
SqFt: 1056
Occupied: Yes
Monthly Rent: 820
Bedrooms: 2
Bathrooms: 2
Full Baths: 1
Half Baths: 1
A/C Unit: 1
Central Air: 1
Deck/Patio: 1
Dishwasher: 1
Garage: 1
Sep. Heat System: 1
W/D Hookup: 1
Unit 2
Unit #: 2
Unit Description: 2 bedroom 2 bath
Identical Units: 2
SqFt: 1156
Occupied: Yes
Monthly Rent: 850
Bedrooms: 2
Bathrooms: 2
Full Baths: 2
Central Air: 1
Deck/Patio: 1
Dishwasher: 1
Garage: 1
Sep. Heat System: 1
W/D Hookup: 1
Unit 3
Unit #: 3
Unit Description: 3 bedroom 2 bath
Identical Units: 4
SqFt: 1260
Occupied: Yes
Monthly Rent: 1018
Bedrooms: 3
Bathrooms: 2
Full Baths: 2
Deck/Patio: 1
Dishwasher: 1
Garage: 1
Sep. Heat System: 1
W/D Hookup: 1
Possession
Negotiable: 1
Location Property Info
County: Cass
Street #: 20097
Street Name: Willow
Suffix: Lane
State: MI
Zip Code: 49112
OfficeContract Info
Status: Sold
Current Price: $1,020,000
List Price: $1,200,000
Listing Date: 2022-07-21
Remarks Misc
Directions: Old M205, south on Autum, Willow Ln at end of cul-de-sac
Property Features
Accessibility Feat: 36 Inch Entrance Doo; No Step Entrance
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Slab
Lot Description: Cul-De-Sac; Level
Sewer: Septic Tank
Water: Well
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available
Extras: Garages; Sep Electric Meter; Sep Gas Meter
Owner Pays: Sewer; Trash Collection; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Concrete
Street Type: Private
Terms Available: Cash; Conventional
Possession: Negotiable
Sale Conditions: None
Unit 1: A/C Unit; Central Air; Deck/Patio; Dishwasher; Garage; Sep. Heat System; W/D Hookup
Unit 2: Central Air; Deck/Patio; Dishwasher; Garage; Sep. Heat System; W/D Hookup
Unit 3: Deck/Patio; Dishwasher; Garage; Sep. Heat System; W/D Hookup
2br, 1.5 ba floorplan ›
Listing Office:
Coldwell Banker Real Estate Group
Listing Agent:
Tim Murray
Last Updated: April - 26 - 2023
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