$363,900
For Sale

931 & 931 1/2 S Fancher

Mt. Pleasant, MI 48858
2509 sqft | 5 beds | 2 baths | #79080015164
Browse 57 photos
Type:Purchase
Structure:House
Zone:Residential

Description

LOOKING TO START YOUR INVESTMENT PORTFOLIO? LET THE TENANTS PAY YOUR MORTGAGE ON THE CAMPUS OF CMU WITH THIS 3 UNIT LICENSED RENTAL INCOME PRODUCING PROPERTY. YOU COULD HAVE TRI-PLEX INCOME IF YOU ARE AN INVESTOR. CURRENT OWNER OCCUPIES MAIN HOUSE AND HAS 2 INCOME STREAMS FROM THIS OFFERING. THIS OWNER HAS TALENT FIXING UP HIS REAL ESTATE WITH REFINISHED WOOD FLOORS, QUALITY PAINTED ROOMS THROUGH OUT THIS MAIN HOUSE AND APARTMENT. MAIN HOUSE (931) OFFERS SPACIOUS ROOMS, UPDATED FLOORING, A WELCOMING FRONT ENTRY PORCH, ENTERTAINING KITCHEN WITH BREAKFAST NOOK OVERLOOKING THE BACKYARD WITH LARGE WINDOWS, LARGE LIVING ROOM, AND LARGE DINING ROOM. MAIN FLOOR BEDROOM IN 931 COULD BE AN OFFICE OR DEN. BOTH BATHRMS UPDATED. 2ND FLOOR HAS MASTER ON-SUITE OFFERS FRESHLY REMODELED BATHROOM WITH NEW WALKIN CLOSET AND 2 OTHER LARGE BEDROOMS. NEW CARPETING IN THIS MAIN HOUSE WITH ALL FRESHLY PAINTED WALLS CEILINGS, PORCH. SO MUCH LOVE AND MONEY PUT INTO THIS HOME WITH NEW FURNACE (CARRIER) NEW CENTRAL AIR, UPDATED ELECTRICAL, UPDATED PLUMBING, MANY NEW WINDOWS, NEW KITCHEN HARDWARE, & NEW KITCHEN STOVE! GREAT ENTERTAINING BACKYARD PRIVACY FENCE, WITH TWO SELF WATERING NEW LARGE RAISED GARDENS. 931 1/2 APT: HAS NEW WINDOWS IN APARTMENT, NEW BATHROOM, BUILT IN FRIDGE, AND NEW FLOORING. OTHER IS BEDROOM AND FAMILY ROOM IS 13.4X10. 505 E GAYLORD HOUSE (EAST SIDE) HAS 3 BED, 1 BATH 1350 SQ FT. CURRENT RENTS TOTAL $1600/MO. YOU COULD RENT THE MAIN HOUSE FOR 1600-2000 /MO. AND COLLCT $3200 PER MONTH POTENTIALLY!!! NATURAL LIGHT, NATURAL GAS, SPECTRUM HIGH SPEED INTERNET OFFERED, REPLACEMENT WINDOWS, LOTS OF UPDATES, CORNER LOT, ON CAMPUS OF CMU. GREAT INVESTMENT! TWO HOMES WITH THIS PACKAGE. 931 S FANCHER & 931 1/2 S FANCHER ($231,900 mkt val.) 505 GAYLORD WAS RECENTLY SPLIT OFF THE MAIN PARCEL (505-Mtk value $135k). ALL THREE UNITS MUST SELL TOGETHER. GRAB THIS BEFORE ITS GONE!!!! ALL MEASUREMENTS ARE M/L AND BUYER TO VERIFY.

  • Interior Details
      • CoolingCentral Air
      • HeatingForced Air
    • Beds & Baths
      • Total Baths2.00
      • Bedrooms5
      • Bathrooms2
      • Full Baths2
  • Property Details
      • Exterior FeaturesFenced
    • Measurements
      • Square Feet2509
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1894
  • Community and Neighborhood Details
      • School DistrictMt. Pleasant
      • RegionMt. Pleasant
      • CountyIsabella
  • Financial Details
      • Original List Price$366,900
  • Other
      • MLS #79080015164

Location

Jamila FelderReal Estate Group
$
years

Down Payment

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10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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Loan Amount
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