484 N Vandermeulen Road Lake City, MI, 49651
$ 149,900Bedrooms Baths-- Sq 2,340
for $149,900. This 2,340 square foot building was built in 1990.
Great Investment for those interested in rentals, 4 in 1 building there are 4 2 bedroom units, approx. 510 sq. ft each. Laundry facility in the center for all units. Well maintained property and ready to rent, all apartments are rented and have been completely updated and remodeled, flooring, windows, carpet, baths, etc. Great rental history over the years the sellers have owned. Average rent is $700 a month, utilities included.
Heating Source Propane
Heating System Baseboard Hot Water
Interior Furniture Included in Sale
Sewer Private Septic
Water Source Private Well
Exterior* Excluded Features
Parking Parking Lot
Road Frontage Blacktop Public Maintained Road
Roof Asphalt Roof
Siding Stone Exterior Wood Exterior
List By City2shore Real Estate Northern Michigan
- Monthly Principal & Interest
- Monthly Property Taxes
- Monthly Home Insurance
Default based on a 30-year fixed rate of 4.125% 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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Commerical listings in Lake City, MI
Average List Price $268,300
Percent of Sale Price 79 %
About Lake City, MI
-13 % Since 2002
$ 41,854 Median Income
43.54 Median Age
23 % Households with Children