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259 S Lake Pleasant Rd, Attica 2-Unit Rental 259 S Lake Pleasant Rd 2 Unit Apartment Building $439,296 CAD ($219,648 CAD/Unit) 7.30% Cap Rate Attica, MI 48412
INVESTMENT HIGHLIGHTS
- Updated Mechanicals
- Location Location Location
- Rent Both Units... or Occupy One Unit and Rent the 2nd Unit
- Garage Parking for Each Unit
- Great Occupancy Rate
EXECUTIVE SUMMARY
CHARMING and Updated Brownstone... TWO UNITS
Rent Both... or Occupy One and Rent the Other.
ALL THE HEAVY LIFTING IS DONE...
2020 Roof Shingles.
1-HVAC 2022 Central A/C and Supplement Mini-Split.
1-2022 'On-Demand' Water Heater.
1-2020 Water Conditioner.
GARAGE PARKING: One Dedicated Attached Garage Space for each Unit.
OUTDOOR SPACES: Adjacent are 6 Dedicated Spaces in PAVED DRIVEWAY with turn around. (All Private OFF STREET Parking for BOTH UNITS.)
House Was once configured as a 3-Unit.
INDEPENDENT UTILITIES: Each of the Current 2-Units is metered independently for Utilities... both Gas (Consumers) and Electric (DTE)
Updated Well and Septic System 1999.
Great Location... just 2 minutes off of I-69. Quaint Village of Attica, Michigan. Meat Market is walking Distance. Village has it's own US Post Office, Dollar General, Civic Center with a 1-Mile Walking Track, Baseball/Athletic Fields and Play-Grounds.
Located less than 40 minutes Drive From Multiple Metro Job Markets... Auburn Hills, Rochester, Sterling Hts, Flint, Port Huron.
Annualized Rental Occupancy: 95%+/-
Parcel Dimensions, House, and Acreage Based on +/- Tax Assessor Municipal Data, Legal Descriptions of Record, Assessor Descriptions and Municipality Data Sources.
Equal Housing Opportunity. All data, information, and details herein and provided by the Seller and Broker, including and not limited to Acreage, Legal Descriptions, Boundary Lines, and Square Feet, is deemed reliable, however, purchaser must independently verify all.
Rent Both... or Occupy One and Rent the Other.
ALL THE HEAVY LIFTING IS DONE...
2020 Roof Shingles.
1-HVAC 2022 Central A/C and Supplement Mini-Split.
1-2022 'On-Demand' Water Heater.
1-2020 Water Conditioner.
GARAGE PARKING: One Dedicated Attached Garage Space for each Unit.
OUTDOOR SPACES: Adjacent are 6 Dedicated Spaces in PAVED DRIVEWAY with turn around. (All Private OFF STREET Parking for BOTH UNITS.)
House Was once configured as a 3-Unit.
INDEPENDENT UTILITIES: Each of the Current 2-Units is metered independently for Utilities... both Gas (Consumers) and Electric (DTE)
Updated Well and Septic System 1999.
Great Location... just 2 minutes off of I-69. Quaint Village of Attica, Michigan. Meat Market is walking Distance. Village has it's own US Post Office, Dollar General, Civic Center with a 1-Mile Walking Track, Baseball/Athletic Fields and Play-Grounds.
Located less than 40 minutes Drive From Multiple Metro Job Markets... Auburn Hills, Rochester, Sterling Hts, Flint, Port Huron.
Annualized Rental Occupancy: 95%+/-
Parcel Dimensions, House, and Acreage Based on +/- Tax Assessor Municipal Data, Legal Descriptions of Record, Assessor Descriptions and Municipality Data Sources.
Equal Housing Opportunity. All data, information, and details herein and provided by the Seller and Broker, including and not limited to Acreage, Legal Descriptions, Boundary Lines, and Square Feet, is deemed reliable, however, purchaser must independently verify all.
PROPERTY FACTS
| Price | $439,296 CAD | Property Subtype | Apartment |
| Price Per Unit | $219,648 CAD | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Size | 1,909 SF |
| Cap Rate | 7.30% | Average Occupancy | 95% |
| Sale Condition | Bulk/Portfolio Sale | No. Stories | 2 |
| No. Units | 2 | Year Built/Renovated | 1900/1999 |
| Property Type | Multifamily | Parking Ratio | 4.19/1,000 SF |
| Zoning | Residential - Residential - Multi Unit Use for over 30 years. | ||
| Price | $439,296 CAD |
| Price Per Unit | $219,648 CAD |
| Sale Type | Investment |
| Cap Rate | 7.30% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Size | 1,909 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1900/1999 |
| Parking Ratio | 4.19/1,000 SF |
| Zoning | Residential - Residential - Multi Unit Use for over 30 years. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Fireplace
- Storage Space
- Washer/Dryer Hookup
- Ceiling Fans
- Yard
- Basement
- Breakfast Nook
- Family Room
- Instant Hot Water
- Patio
- Porch
- Recreation Room
- Large Bedrooms
SITE AMENITIES
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $2,373 CAD | 1,222 |
| 1+1 | 1 | $1,187 CAD | 778 |
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259 S Lake Pleasant Rd, Attica 2-Unit Rental | 259 S Lake Pleasant Rd
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