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$ 224,900
Est. payment /mo
Price Dropped by $5K
2 Reading Avenue Hillsdale, MI 49242-1956
3,094 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,094 sqft
Price per Sqft $72
Subdivision Mi
MLS Listing ID 70568144
Year Built 1904
Annual Tax Amount $5,284
Tax Year 2025
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 132 169 132 26
Property Sub-Type Multi-Family
Property Description
Great Investment! This well-maintained 3-unit multifamily property at 2 Reading Ave offers an excellent opportunity for investors or owner-occupants. The recently renovated interior features four new high-efficiency furnaces (one for each unit and one for the basement). Previous owners also upgraded the electrical system, and the exterior features a newer metal roof and vinyl siding. The three units offer a combined rental income of $3,000 per month. The largest unit was recently vacated and intentionally left vacant, giving a new owner the opportunity to live in the largest unit while collecting rental income from the other two. In addition, the sellers paid $34,000 through seller financing on top of the $216,000 sale price reflected in the public price history, bringing the total purchase consideration to $250,000. Tenants pay gas, electric, and water, while the landlord covers trash service. A great opportunity to own an income-producing property with room to make it your own.
Location
State MI
County Hillsdale
Area Hillsdale (30022)
Rooms
Basement MI Basement
Interior
Heating Forced Air
Exterior
Exterior Feature Other
Building
Foundation Basement
Structure Type Other
Schools
School District Hillsdale Comm Public Schools
Others
Energy Description Natural Gas
Financing Cash,Conventional,FHA,VA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by RE/MAX Platinum
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