$69,500
Closed

205 Homer Road

Concord Vlg, MI 49237
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

Located in the beautiful Village of Concord, this duplex is ready for its new owner occupants or investor. Main level features a 2 bedroom and 1 bathroom unit. Upper level features a 1 bedroom and 1 bathroom unit. Both units a large and have large bedrooms. Units are on separate gas/electric meters. Landlord pays water/sewer/trash. Tenants pay gas/electric/lawn. Property is in close proximity to schools, shopping, dining, and more. Current rents below market. At market average, cap rate is estimated at 16% on listing price and 10.3% on future value. Property is being sold as-is and where-is.

  • Construction Details
      • Property TypeInvestment
    • Condition
      • Year Built1900
  • Community and Neighborhood Details
      • RegionConcord Vlg
      • School DistrictConcord
      • CountyJackson
  • Other
      • MLS #55022018469
  • -

    Location

    Timothy StinsonPremier Realtor | 248-933-0539