7281 Dyke
Algonac, MI 48001

$165,000

MLS ID: 31142743
Beautiful waterfront investment opportunity! Updated and well maintained multifamily with new ceramic tile in each unit. This property pays for itself, and pays you. It includes 4 units with gorgeous Munchies Bay right in your backyard! Unit 1,2,3 are occupied, and #4 is spoken for. Tenants pay for all their own utilities, including water. Seller's rental income is approx. $17,000/year. Seller rents out boathouse for $800/year, and makes $500/year from the coin laundry.
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Property Details
MLS ID: 31142743
Style: Multi-Family
Year Built: 1940
Bedrooms: 4
Bathrooms: 4   (Full: 4   3/4: 0   1/2: 0   Other: 0)
Status: Active
Stories: 0
New Construction: No
Foreclosure: No
Sq. Footage
Total Square Footage: 2,000 ($82.50 per sq. foot)
Lot Information
Acreage: 0.12
Lot Size: 50x150
Financial Considerations
Estimated Annual Taxes: $1,814
Locale
County: St. Clair
School District: Algonac Community School Distric
Body of Water: Munchies Bay
Subdivision: Sup Roy T Gilberts Flat

Photo Tour
Rooms
Room Location Dimensions
Bedroom 2 Unit 5: First
Bedroom 3 Unit 5: First
Family Room Unit 5: First
Kitchen Unit 5: First
Living Room Unit 5: First
Bedroom Unit 4: Second 7X12
Dining Room Unit 4: Second
Kitchen Unit 4: Second 7X12
Living Room Unit 4: Second 15X8
Kitchen Unit 3: Upper 7X12
Bedroom Unit 3: Second 7X12
Living Room Unit 3: Second 15X8
Bedroom Unit 2: First 7X12
Dining Room Unit 2: First
Kitchen Unit 2: First 7X12
Living Room Unit 2: First 15X8
Bedroom 2 Unit 1: First
Bedroom 3 Unit 1: First
Family Room Unit 1: First 6X11
Kitchen Unit 1: First 6X11
Living Room Unit 1: First 12X10
Bedroom 9X8
Features
Appliances
Range Oven Refrigerator
Washer
Area
Clay Cottre Ira Twps Harsens I
Cooling System
Ceiling Fan S
Exterior Construction
Aluminum
Exterior Features
Balcony Deck
Fenced Yard Patio
Foundation Type
Crawl
Heating System
Forced Air
Other
Property ID - 74144960141000 Summer Tax Amount - 1242.54
Summer Tax Year - 2011 Total Tax Year - 2011
Total Units - 4 Unit 1 Rent Rate - 450
Unit 2 Rent Rate - 450 Unit 3 Rent Rate - 450
Unit 4 Rent Rate - 450 Winter Tax Amount - 571.51
Winter Tax Year - 2010
Parking
1 5 Spaces
Roads
Paved Street
Separate Electric Y/N
Yes
Separate Gas Y/N
Yes
Separate Heat Y/N
Yes
Separate Water Y/N
Yes
Sewer Septic
Public At Street
Signed Disclosure Y/N
Yes
Type
1 To 4 Units Apartment
Investment
Water
Public
Water Features
Boat Facility Canal Frontage
Lake Sea Wall
Waterfront
Zoning
Multi Family
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Clinton Township
CENTURY 21 Town & Country Clinton Township
39750 Garfield
Clinton Township, MI 48038
Office: 586-286-6000
Fax: 586-263-7840
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Property Information Last Updated: 5/18/2013 at 11:52 AM.

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