This duplex is a fantastic opportunity for investors looking to implement the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat). Featuring split utilities, each unit operates independently, separate gas and electric meters making it perfect for generating rental income. With good bones, this property has great potential but needs work to reach its full value.
For those interested in flexible financing, the seller is open to a land contract with $25,000 down, 10% interest, and $350 per month payments.
Sold
$54,500
95 E Water St, Newaygo, MI 49337
4beds
2baths
--sqft
2 to 4 Units
Built in 1960
-- sqft lot
$58,300 Zestimate®
$--/sqft
$1,142 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: November 07, 2024 at 08:08am
Listed by:
Sandi L Gentry 616-638-3900,
RE/MAX Lakeshore
Bought with:
Brenda Beach, 6505432135
Stark Real Estate
Source: MichRIC,MLS#: 24052188
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air
Features
- Basement: Michigan Basement
Property
Parking
- Total spaces: 2
Lot
- Size: 0.25 Acres
- Dimensions: 83 x 132
Details
- Parcel number: 1919105011
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Other
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Utilities for property: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
Community & neighborhood
Location
- Region: Newaygo
Other
Other facts
- Listing terms: Cash,Conventional