20097 Willow Lane, Edwardsburg, MI 49112 (MLS# 22030874)

20097 Willow Lane, Edwardsburg, MI 49112

$1,020,000

Virtual Tour

https://mls.ricohtours.com/0c3c5806-d109-45df-bf6b-0c951866caea

Property Type: Multi Family Lot Size (sq. ft.): 84,071 Status: Sold

Current Price: $1,020,000 List Date: 7/21/2022 Last Modified: 4/26/2023

Overview

Description

Great Investment Opportunity! 4 duplex buildings with a total of 8 updated and well maintained units. 3 floor plans (2 2BR, 1.5 units, 2 2BR, 2BA units, and 4 3BR, 2BA units). Great return on investment with opportunity for increased revenue. Units range from 1056-1260 sq ft and each unit has its own 1-car garage, water heater, furnace, AC, and patio. Anderson windows, vaulted ceilings, ancd carpet/tile floors. Great tenants in a low-maintenance neighborhood. Community is tucked away on a private road and is located on ~1.93 acres (to be split off from the 4.25 acre parcel) Conveniently located to Elkhart and within the award-winning school district of Edwardsburg.

Listing Details MLS# 22030874

Location Property Info

County: Cass
Street #: 20097
Street Name: Willow
Suffix: Lane
State: MI
Zip Code: 49112

General Property Info

Lot Measurement: Acres
Lot Square Footage: 84071
Lot Acres: 1.93
Lot Dimensions: 300x281
Year Built: 2002
New Construction: No
Financial Available: No
Road Frontage: 281
Total # Units: 8
# of Diff Unit Floor Plans: 3
Total # Bldgs: 4
Total Approx. SqFt All Bldgs: 9464
Total Parking Spaces: 16
Waterfront: No
School District: Edwardsburg
Basement: No

Tax Info

Tax ID #: 14-060-020-338-50
Taxable Value: 295127
SEV: 387400
For Tax Year: 2021
Seller's Annual Property Tax: 8000
Tax Year: 2021
Spec Assessment & Ty: NONE KNOWN
Homestead %: 0

Remarks Misc

Directions: Old M205, south on Autum, Willow Ln at end of cul-de-sac

Status Change Info

Under Contract Date: 2022-12-28
Sold Date: 2023-04-19
Sold Price/SqFt: 107.78

More Information

Waterfront Options

Water Access Y/N: No
Water Frontage: 0

Access Feat

Accessibility Features: Yes

Income and Expenses

Annual Insurance: 4000
Annual Maintenance: 3200
Annual Utilities: 2430
Gross Op. Inc.: 88980
Net Operating Income: 71350
Operating Expense: 17630
Annual Mgmt. Fees: 0

Unit 1

Unit #: Yes
Unit Description: 2 bedroom 1.5 bath
Identical Units: 2
SqFt: 1056
Occupied: Yes
Monthly Rent: 820
Bathrooms: 2
Full Baths: Yes
Half Baths: Yes
A/C Unit: Yes
Central Air: Yes
Deck/Patio: Yes
Dishwasher: Yes
Garage: Yes
Sep. Heat System: Yes
W/D Hookup: Yes

Unit 2

Unit #: 2
Unit Description: 2 bedroom 2 bath
Identical Units: 2
SqFt: 1156
Occupied: Yes
Monthly Rent: 850
Bathrooms: 2
Full Baths: 2
Central Air: Yes
Deck/Patio: Yes
Dishwasher: Yes
Garage: Yes
Sep. Heat System: Yes
W/D Hookup: Yes

Unit 3

Unit #: 3
Unit Description: 3 bedroom 2 bath
Identical Units: 4
SqFt: 1260
Occupied: Yes
Monthly Rent: 1018
Bathrooms: 2
Full Baths: 2
Deck/Patio: Yes
Dishwasher: Yes
Garage: Yes
Sep. Heat System: Yes
W/D Hookup: Yes

Location & Property Info

Cross Streets: M205
Property Sub-Type: 5+ Units
Area: Southwestern Michigan - S
Municipality: Mason Twp
Subdivision: Willow Lane

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 126.8

Remarks & Misc

Legal: approximately 1.93 acres of this parcel: ''338E COM S 0 DEG 13'36''''E 1393 FT FRM NE COR SEC, TH S 0 DEG 13'36''''E 281.35 FT, '' ''W 707.9 FT, N 0 DEG 7'39''''W 231.31 FT, N 28 DEG 15'10''''E 56.8 FT, E 680.42 FT TO '' BEG. SEC 20 4.55 A.

Lot Description

Cul-De-Sac: Yes
Level: Yes

Street Type

Private: Yes

Util Avail at Street

Cable Available: Yes
Electricity Available: Yes
Natural Gas Available: Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Connected: Yes

Sewer

Septic Tank: Yes

Water

Well: Yes

Terms Available

Cash: Yes
Conventional: Yes

Exterior Material

Vinyl Siding: Yes

Roofing

Composition: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Central Air: Yes

Accessibility Feat

36 Inch Entrance Doo: Yes
No Step Entrance: Yes

Tenant Pays

Electric: Yes
Gas: Yes

Driveway

Concrete: Yes

Substructure

Slab: Yes

Extras

Garages: Yes
Sep Electric Meter: Yes
Sep Gas Meter: Yes

Owner Pays

Sewer: Yes
Trash Collection: Yes
Water: Yes

Possession

Negotiable: Yes

Property Features

Accessibility Feat: 36 Inch Entrance Doo; No Step Entrance Exterior Material: Vinyl Siding Roofing: Composition Substructure: Slab Lot Description: Cul-De-Sac; Level Sewer: Septic Tank Water: Well Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available Extras: Garages; Sep Electric Meter; Sep Gas Meter Owner Pays: Sewer; Trash Collection; Water Tenant Pays: Electric; Gas Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Concrete Street Type: Private Terms Available: Cash; Conventional Possession: Negotiable Sale Conditions: None Unit 1: A/C Unit; Central Air; Deck/Patio; Dishwasher; Garage; Sep. Heat System; W/D Hookup Unit 2: Central Air; Deck/Patio; Dishwasher; Garage; Sep. Heat System; W/D Hookup Unit 3: Deck/Patio; Dishwasher; Garage; Sep. Heat System; W/D Hookup

Documents

2br, 1.5 ba floorplan ›

3 br 2 ba floorplan ›

2br, 2ba floorplan ›

Listing Office: Coldwell Banker Real Estate Group

Listing Agent: Tim Murray

Last Updated: April - 26 - 2023

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