6257 Bancroft Avenue SE, Alto, MI 49302
$371,500 - Sold
- MLS#: 23031847
- Number of Units: 3
- Type: 2 to 4 Units
- School District: Lowell
- County: Kent
- Taxing Authority: Bowne Twp
About Bowne Township
The Alto zip code serves most of Bowne Township, as well as portions of Lowell Township to the north, Cascade Township to the northwest, and Caledonia Township to the west. It also serves a very small area of Campbell Township in Ionia County around the community of Elmdale. Alto, which means "high," received its name from being the highest point along the railroad line on which it is situated. The elevation is somewhat higher to much higher than the surrounding cities of Caledonia, Lowell and Middleville.
- Year Built: 1881
- Basement: Yes
- Air: None11
- Lot Size: 165x245
- Square Footage: 0
- Exterior: Wood Siding
- Water: Well
- Acreage: 1.00
- Heat: Hot Water/Natural Gas
- PPN: 41-24-04-176-010
- Sewer: Public
- Water Body: None
- Water Features: None
- Utilities Attached: Cable,Electric,Natural Gas,Telephone Line
- Utilities Available at Street: Broadband,Cable,Natural Gas
- Extras: None
- Lot Description: Wooded
- Frontage/Type: 165 / Street, 0 / Water
- Terms: Cash, Conventional
- Original Price: $375,000
- Complex Name:
- Association Amenities:
- Association Includes:
- Directions: Whitneyville S to 60th, E to Bancroft, S to Unit.
- Property Description: Prime Investment Opportunity in Alto, MI Welcome to 6257 Bancroft, where an exceptional 3-unit rental property awaits astute investors searching for a strategic addition to their portfolio. This property presents an impeccable blend of stability, convenience, and profit potential. With a proven tenant history and an impressive annual rent income of $38,220, this investment gem guarantees both immediate cash flow and enduring value appreciation.Property Overview:Discover the advantages of this property, which comprises three effortlessly manageable units. Comprising two 2-bedroom units and one 3-bedroom unit, this layout caters to a variety of tenant preferences. The prime location directly across from Alto Elementary School and easy access to I-96 add to the properdesirability. Features and Benefits: Strategic Unit Configuration: The property boasts two 2-bedroom units and a spacious 3-bedroom unit, optimizing flexibility and attracting a diverse range of tenants. Convenient Location: Situated right across the street from Alto Elementary School and offering quick access to I-96, the property's location is tailored for tenant convenience and long-term demand. Professional Management: With a dedicated property manager overseeing operations, you can trust that this investment is expertly maintained, ensuring hassle-free ownership. Solid Tenant History: A track record of exceptional tenant satisfaction is supported by established leases in place, enhancing the property's reliability and income stability. Investor's Dream: Whether you're a seasoned real estate investor or embarking on your investment journey, this property provides a golden opportunity to tap into a robust rental market and secure consistent rental income.
- Commission Offered:
- Buyer Agency: 3.00 % Sub Agency: 3.00 % Transaction Coordinator:
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