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205 Homer Road Concord, MI 49237
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Key Details
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality Concord Vllg
Subdivision Assessors Plat
MLS Listing ID 22018469
Sold Date 06/10/22
Year Built 1900
Annual Tax Amount $1,948
Tax Year 2021
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 101x167
Property Sub-Type 2 to 4 Units
Source Michigan Regional Information Center (MichRIC)
Property Description
Located in the beautiful Village of Concord, this duplex is ready for its new owner occupants or investor. Main level features a 2 bedroom and 1 bathroom unit. Upper level features a 1 bedroom and 1 bathroom unit. Both units a large and have large bedrooms. Units are on separate gas/electric meters. Landlord pays water/sewer/trash. Tenants pay gas/electric/lawn. Property is in close proximity to schools, shopping, dining, and more. Current rents below market. At market average, cap rate is estimated at 16% on listing price and 10.3% on future value. Property is being sold as-is and where-is.
Location
State MI
County Jackson
Area Jackson County - Jx
Direction Form Main St in Village of Concord, go W on Homer St. Corner of Homer St and Maple St.
Rooms
Basement Crawl Space, Full
Interior
Heating Forced Air, Natural Gas
Cooling None
Fireplaces Number 1
Exterior
Parking Features Asphalt, Driveway
View Y/N No
Roof Type Other
Topography {Level=true}
Street Surface Paved
Total Parking Spaces 4
Building
Lot Description Sidewalk, Corner Lot
Sewer Public Sewer
Structure Type Wood Siding
New Construction No
Schools
School District Concord
Others
Tax ID 003-11-27-327-028-05
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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