45416 M-51 $499,900

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    45416 M-51 Decatur, MI 49045

    • 0 Beds
    • 0 Baths
    • 3,808 sq. ft.
    • Multi-Family
    • MLS# 70393081
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    Views: 7 Days On Site: 57

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    Property Details

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

    • General Features
      • Acreage 7.07
      • Area Municipality Decatur Twp (80008)
      • County Van Buren
      • Originating MLS Greater Kalamazoo Association of REALTORS
      • Waterfront Y/N No
      • Year Built 1978
    • Building Features
      • Exterior Construction Wood
      • FUEL TYPE Electric,Natural Gas
      • Foundation Type Basement
      • Heating System Baseboard, Forced Air
    • Property Features
      • LOT DESCRIPTION Wooded
      • Sewer Septic Septic
      • Roads City/County, Paved Street
      • Lot Size Irregular
      • Water Public Water
    • Schools
      • School District Decatur Public Schools

    Contact

    Terry Huffman

    Terry Huffman

    Associate Broker

    RE/MAX 1st Realty

    Direct: 906-225-7653

    Neighborhood

    49045 (Decatur) Demographics

    48 Median Age
    62 Population Density (per sq. mile)
    25% College Educated
    $48,318 Estimated Median Income
    1,927 Estimated Total Home Owners
    486 Estimated Total Renters
    80% / 20% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    5,569 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $265,000 Median Sales Price
    6 Homes Sold
    11 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $499,900
        4/9/2024 10:21:13 AM Status Changed Source: Multiple Listing Service New Value: Pending
        3/5/2024 2:52:00 PM New in Database Source: Multiple Listing Service New Value: $499,900

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        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.