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$425,000
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2940 Cambria Rd
Cambria Township, MI 49242
37 bed 25 bath 21,038 SqFt ($20/SqFt)
20.0 acre lot. Built 1900
Listed 2023-03-24, Taxes $1,836
USDA Eligible
near Bankers, MI
 Restrictions may apply
due to home size

Latest Value Estimates: $161,000 from Collateral Analytics on 2024-04-17. Forecast Estimate Value:$163,599 in 2025-02-01 by Collateral Analytics.

Large historic multi-family solid bri ck building on 20 gorgeous acres

South of popular Hillsdale and Hillsdale College. Less than 1/4 mile to the local golf course. Previous use was 25 individual apartments with separate electric meters.

Water provded by on site water well that is currently functional. Pristine roof and gutter system completed in 2022. Ready for your ideas and vision!


Presented by Michael J Krausman at
Luxury Living Real Estate.
Listing Agent Photo

Property MLS #20230018785 from Realcomp

Bedrooms: 37

Total Bathrooms: 25 / 0
Full Bathrooms: 25

Heating Features: Forced Air
Heating Fuel: Electric

Basement Description: Partially Finished

Road Frontage Type: Paved

Lot Size Acres: 20.0
Lot Size Dimensions: 930X930
Lot Size Square Feet: 871200

Parking Features: 40

Gross Scheduled Income: 300000.00

Number of Units: 25
Number of 1 Bedroom Units: 13
Number of 2 Bedroom Units: 12

School District: Hillsdale

Hillsdale High School is a public high school located approximately 2.4 miles away.
directions icon Map directions

Davis Middle School is a public elementary and middle school located approximately 2.7 miles away.
directions icon Map directions

Steamburg Amish is a private elementary and middle school located approximately 2.3 miles away.
directions icon Map directions

Pets Allowed: No

ActivationDate : 2023-03-24
Annual Tax Amount: 1788
Source Listing Status: Active
County: Hillsdale
Directions: Howell Street To Hallett Then West To Reading Avenue South, Becomes Bankers Road To Cambria Road, South About 1/2 Mile On West Side.
Source Property Type: Multifamily
Area: Cambria Twp
Source Neighborhood: Cambria Twp
Ownership Type: Short Sale - No, Private Owned
Parcel Number: 110044000020473
Postal Code Plus 4: 9017
Zoning: Multi-Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$48,500
$1,836
2021$unknown + $unknown
$46,400
$1,788
2020$unknown + $unknown
$44,300
$1,772
2019$unknown + $unknown
$43,700
$1,732
2018$unknown + $unknown
$161,400
$6,270
2017$unknown + $unknown
$166,500
$6,385
2016$unknown + $unknown
$175,300
$6,718
2015$unknown + $unknown
$188,860
$6,699
2014$unknown + $unknown
$195,230
$6,593
2013$unknown + $unknown
$195,000
$6,493
2012$unknown + $unknown
$196,360
$6,329

Price Changed 2024-04-09
$425,000
Realcomp
Price Changed 2024-02-24
$429,900
Realcomp
Price Changed 2024-02-06
$439,900
Realcomp
Price Changed 2023-10-30
$449,900
Realcomp
Price Changed 2023-10-23
$475,000
Realcomp
Price Changed 2023-09-15
$499,900
Realcomp
Price Changed 2023-09-01
$525,000
Realcomp
Price Changed 2023-08-31
$0
Realcomp
Price Changed 2023-07-03
$525,000
Realcomp
Price Changed 2023-05-11
$550,000
Realcomp
Listed 2023-03-24
$599,900
Realcomp
Listing removed 2023-02-17
$0
MichRic
Price Changed 2023-01-11
$499,900
MichRic
Price Changed 2023-01-03
$550,000
MichRic
Listed 2022-11-08
$599,900
MichRic
Listing removed 2021-12-01
$0
MichRic
Listed 2021-08-20
$399,000
MichRic
Sold 2019-03-07
$60,000
Public Record
Listing removed 2016-03-26
$219,900
Jackson
Listed for rent 2016-03-17
$219,900
Jackson

Net Operating Income: 240000.00

Total Square Feet Living: 21038
Year Built: 1900
Construction Materials: Brick
Foundation Details: Basement, Michigan Basement
Property Age: 124
House Style: Historic, Craftsman
Total Below Grade Area: 10000

Sewer: Septic Tank (Existing)
Water Source: Well (Existing)
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.