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$499,900   Price Analysis
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45416 M 51
Decatur, MI 49045
Unknown bed 0 bath unknown SqFt ($0/SqFt)
7.07 acre lot. Built 1978
Listed 2024-03-05, Taxes $7,211
USDA Eligible
near Decatur, MI
 

Welcome to an exciting investment opportunity - six-unit property situated on seven wooded acres

* Sale Pending *

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.


Presented by David Cerven at
RE MAX Advantage.


Property MLS #24010619 from MichRic

Total Bathrooms: 0

Basement Features: Full

Cooling Features: Central Air
Heating Features: Baseboard, Forced Air
Heating: Yes

Lot Size Acres: 7.07
Lot Size Square Feet: 308152

Parking Features: Driveway, Gravel
Parking Total: 10

Association: No
Calculated Total Monthly Association Fees: 0

School District: Decatur

Decatur Middle School is a public middle and high school located approximately 0.9 miles away.
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Davis Elementary School is a public elementary school located approximately 0.9 miles away.
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Glenwood Union SDA Elementary School is a private elementary and middle school located approximately 3.5 miles away.
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Annual Tax Amount: 7212
Source Listing Status: Pending
County: Van Buren
Directions: From I 94 take exit 56 South on M-51 through Decatur. Just outside the Village Limit.
Tax Year: 2023
Source Property Type: Multi-Family
Area: Greater Kalamazoo - K
MLS Area Minor: Greater Kalamazoo - K
Source Neighborhood: Greater Kalamazoo - K
Parcel Number: 80-08-019-032-11
Property Subtype: 5+ Units
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$unknown + $unknown
$131,800
$7,211
2022$unknown + $unknown
$127,100
$7,147
2021$unknown + $unknown
$131,400
$6,798
2020$unknown + $unknown
$132,500
$6,881
2019$unknown + $unknown
$133,100
$6,627
2018$unknown + $unknown
$125,600
$6,490
2017$unknown + $unknown
$129,200
$6,305
2016$unknown + $unknown
$131,700
$6,249
2015$unknown + $unknown
$129,200
$1,270
2014$unknown + $unknown
$124,900
$6,121
2013$unknown + $unknown
$136,400
$6,070
2012$unknown + $unknown
$133,600
$5,912
2011$unknown + $unknown
$133,100
$5,711
2010$unknown + $unknown
$140,700
$5,628
2009$unknown + $unknown
$147,100
$5,617
2008$unknown + $unknown
$143,400
$5,354

Listed 2024-03-05
$499,900
MichRic
Listing removed 2024-01-01
$0
MichRic
Listed 2023-07-21
$499,900
MichRic

Year Built: 1978
Construction Materials: Stucco, Wood Siding
Property Age: 46
Roof: Composition
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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.