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±7,600 SF Commercial/Retail Building w/ Residence
Office/Residential/Retail Property For Sale in Battle Creek, MI
The Future of Real Estate (FRE) and RE/MAX Perrett Associates are pleased to present the Online Auction Plus® Event (allows for contingencies) for ±7,600 SF Commercial Building w/ Residence in Battle Creek, MI.
INVESTMENT HIGHLIGHTS:
- Includes a ±1,200 SF 1-story single-family home:
- Freshly renovated with an estimated value $152,400
- Estimated rent comp: $1,100/mo
- 3 bedrooms x 2 baths
- Attached single car garage
- INCREDIBLE deal - two income producing properties for the price of one
- Projected Combined Gross Income: $104,400
- After taxes and maintenance, the projected NOI = $87,923.07
- CAP Rate at minimum bid of $499,000 = 17.6% !!!
- Seller would like to lease the property upon sale for $6,000/mo
- Zoning: B1-Corridor Commercial District
LOCATION HIGHLIGHTS:
- Battle Creek is home to Kellogg Company and Fort Custer Industrial Park.
- Located in the busiest commercial sector of Battle Creek.
- The commercial building is on a very traffic heavy road (Colombia Avenue).
This Auction Plus® auction has concluded and escrow is closed.
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The Future of Real Estate (FRE) and RE/MAX Perrett Associates are pleased to present the Online Auction Plus® Event (allows for contingencies) for ±7,600 SF Commercial Building w/ Residence in Battle Creek, MI.
INVESTMENT HIGHLIGHTS:
- Includes a ±1,200 SF 1-story single-family home:
- Freshly renovated with an estimated value $152,400
- Estimated rent comp: $1,100/mo
- 3 bedrooms x 2 baths
- Attached single car garage
- INCREDIBLE deal - two income producing properties for the price of one
- Projected Combined Gross Income: $104,400
- After taxes and maintenance, the projected NOI = $87,923.07
- CAP Rate at minimum bid of $499,000 = 17.6% !!!
- Seller would like to lease the property upon sale for $6,000/mo
- Zoning: B1-Corridor Commercial District
LOCATION HIGHLIGHTS:
- Battle Creek is home to Kellogg Company and Fort Custer Industrial Park.
- Located in the busiest commercial sector of Battle Creek.
- The commercial building is on a very traffic heavy road (Colombia Avenue).