$850,000
Active
474 Days Online
0 Beds5 Baths3,477 SQFT
Active

3231 RAY Road Fenton, MI 48430

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Five (5) unit apartment building on 21.59 acres with room for expansion. This property also has a 5, 000 sq pole barn that has a concrete floor, electricity, spray foam insulation ($30, 000), a bathroom, and an office. The pole barn is not rented and can provide extra income of approximately $2, 500.00 per month. For additional income, there is also a billboard which currently receives $800.00 per month for one side and $375.00 per month for the other. In addition to that, this 21.59 acre property has approximately 1, 385 feet of frontage on US-23, and approximately 20 acres for farming with income of approximately $900.00 per year. Some updates in the farmhouse include some new flooring, bathroom tile and paint. This is an excellent investment opportunity. CITY WATER IS COMING TO THOMPSON RD THIS SUMMER & TORREY RD NEXT SUMMER! DO NOT DISTURB THE TENANTS! ALL RESIDENTIAL UNITS ARE OCCUPIED! NO SHOWINGS WITHOUT AN ACCEPTED OFFER. All information is estimated and should be verified.

  • Property TypeMulti-Family
  • NeighborhoodFenton Twp
  • CountyGenesee
  • Taxes$6,552
  • HOA/Condo/Coop Fees$0
  • Days on Site474 Days
  • MLS StatusActive
  • MLS ID Number60023425
  • Home Size Source N/A
  • Year Built1900
  • Lot Size21.59 Acres
  • Full Baths5
  • Partial BathsN/A

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Schools

School District
Lake Fenton Schools
Elementary School
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Monthly Payment (Est.)

$4,501
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