5230 POINTE DR $700,000

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    5230 POINTE DR East China, MI 48054

    Sold
    SOLD 9/8/2021

    $700,000

    Market Estimate
    • 0 Beds
    • 7 Baths
    • 5,734 sq. ft.
    • Multi-Family
    • MLS# 21483178
    5230 POINTE DR, East China, MI 48054
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    Listing provided courtesy of: Real Estate One Westrick - 8107658861
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    Property Details

    East China Township Michigan 16 Unit Investment Property. Broken down as 2 - 2 story 8 unit buildings. EACH well maintained building inc 2 attached buildings with 8 units total. 4 units up,4 units down. Each has 1 bedroom, 1 bath, laundry closet, 2 storage closets, Living room, kitchen with stove and refrigerator. Total 16 units. Each unit has its own individual tax parcel ID. So this could be converted to condos at some point and sold. The Sale includes 5230 Pointe Dr, Units A,B,C,D; 5232 Pointe Dr, Units A,B,C,D; and 5236 Pointe Dr, Units A,B,C,D; 5238 Pointe Dr, Units A,B,C,D. Tenants are month to month. Some have been there for years are paying $450 mo; recent tenants are paying $500 mo. Tenants pay security, their own water and electric. Owner pays common hall electric. snow removal, lawn cutting, exterior maintenance. Mail boxes are on premises, ample parking. Upper units have balconies, lower units have patios. Can be purchased for $900,000 if closed within 30 days.

    • General Features
      • Acreage 0
      • Area Municipality East China Twp (74016)
      • County St. Clair
      • Originating MLS RealComp
      • Ownership Private
      • Structure Style 2 Story
      • Subdivision SUNSET MANOR CONDO SUB PLAT
      • Waterfront Y/N No
      • Year Built 1980
      • ZONING Multi-Family
    • Building Features
      • Cooling System Wall/Window A/C
      • Exterior Construction Brick, Vinyl Siding
      • FUEL TYPE Electric
      • Foundation Type Slab
      • Heating System Wall Heat, Baseboard, Electric Heat
    • Property Features
      • Sewer Septic Public At Street
      • Roads Paved Street
      • Lot Size 100x200
      • Water Public Water
    • Schools
      • School District East China School District

    Neighborhood

    48054 (East China) Demographics

    52 Median Age
    170 Population Density (per sq. mile)
    37% College Educated
    $59,761 Estimated Median Income
    2,586 Estimated Total Home Owners
    430 Estimated Total Renters
    86% / 14% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    7,163 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $280,000 Median Sales Price
    9 Homes Sold
    13 New On Market

    Average Days on Site

      Properties for Sale
        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        9/8/2021 3:00:00 AM Sold Source: Multiple Listing Service New Value: $700,000
        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.