45416 M-51 Decatur, MI $ 499,900
45416 M-51
$ 499,900
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45416 M-51

Decatur, MI, 49045
$ 499,900
Baths0.0

Monthly Estimate*

$ 3,492

45416 M-51, Decatur, MI 49045 - Image 1
45416 M-51, Decatur, MI 49045 - Image 2
45416 M-51, Decatur, MI 49045 - Image 3
45416 M-51, Decatur, MI 49045 - Image 4
45416 M-51, Decatur, MI 49045 - Image 5
Studio

Multi-Family Home for sale in Decatur, MI

for $499,900. This home was built in 1978 on a lot size of 7.07.

Welcome to an exciting investment opportunity - a six-unit property situated on seven wooded acres, offering immense potential for both immediate and future expansion. Each unit features two bedrooms and one bathroom, offering comfortable living spaces for residents. While the interiors are in need of updating, this presents an opportunity to revitalize each unit with modern finishes and amenities. One of the remarkable aspects of this property is the potential for future expansion. With seven acres of wooded land at your disposal, the possibilities for growth are endless. Explore the opportunity to add additional units or even develop recreational amenities that enhance the overall appeal of the property. This ability to expand ensures long-term growth and increased profitability.

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Multi-Family Pending

Price

$ 499,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 7,212

Style

5+ Units

Lot Size

7.07

Year Built

1978

Town/City

Decatur

County/Region

Van Buren

MLS | Web ID

24010619

Features
General
Sewer Septic System
Heating Forced Air Baseboard Electric Natural Gas
Cooling Central Air
Utilities Phone Available Public Water Available Natural Gas Available Electric Available Cable Available Natural Gas Connected Electric Connected
Possession Negotiable
Roof Composition
Construction Materials Wood Siding Stucco
Year Built 1978
Tenant Pays Electric Water Trash Collection Gas
Property SubType 5+ Units
Tax Year 2023
County Van Buren
New Construction N
Property Type Multi-Family
Attached Garage N
Status Pending
Directions From I 94 take exit 56 South on M-51 through Decatur. Just outside the Village Limit.
City Decatur
High School District Decatur
Total Units 6
MLS Area Greater Kalamazoo - K
Lot Size Square Feet 308152.0
Waterfront Y/N N
Street Name M-51
Land Lease Y/N N
Tax Annual Amount 7212.0
Lease Renewal Y/N N
MLS Area Minor Greater Kalamazoo - K
Additional Parcels Y/N N
Rent Control Y/N N
Days on Market 33
Standard Status Pending
Tax Assessed Value 131800
Legal Description See attached Survey
Senior Community None
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Interior
Basement Full
Total Fireplaces 1
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Laundry Features In Unit
Electric On Property Y/N N
Total Baths 0
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Exterior
Parking Features Driveway Gravel
Lot Features Wooded
Total Parking 10.0
Lot Size Area 7.07
Number of Buildings 1
Spa N
Lot Dimensions Irregular
Lot Size Acres 7.07
Road Surface Type Paved
Lot Size Units Acres
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 45416
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* Excluded Features
List By
Re/Max Advantage

Broker

dcerven@remax.net

Email

Affordability Calculator

$4,093
Per Month
85%
15%
0%
Monthly Principal & Interest
$3,492
Monthly Property Taxes
$601
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
251418 Elementary School
250122 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/5/2024$499,900 Listed Price

Map


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45416 M-51, Decatur, MI, 49045 is a Multi-Family Home for sale at $499,900 with a lot size of 7.07. 45416 M-51 is a studio with 0.0 baths and was built in 1978. The property's zip code is 49045 which is in Decatur, MI