Auburn, MI 48642 110 S Auburn Street
$225,000
Pending
31 more
Presented By: JPAR - Great Lakes Bay Region - 989-349-3039
Home Details
This property is not just a building but a turnkey solution for steady cash flow and low maintenance concerns, all set in a bustling downtown area. Bringing in $3,000 a month. Ideal for investors seeking a blend of steady income and growth potential or a business owner looking for a prime location with added rental income. Monthly Expenses:Taxes:Summer: $3,400Winter: $600Annual Taxes: $3,400 + $600 = $4,000Monthly Taxes: $4,000 / 12 Ë $333.33Total Monthly Expenses:Taxes: $333.33Insurance: $129Lawn care: $40Gas: $170Water (quarterly divided by 3): $88Total Monthly Expenses: $760.33Net Operating Income (NOI):Monthly NOI:NOI = Total Monthly Rent Income - Total Monthly ExpensesNOI = $3,000 - $760.33 Ë $2,239.67Annual NOI:Annual NOI = Monthly NOI * 12Annual NOI = $2,239.67 * 12 Ë $26,876.04Return on Investment (ROI):ROI:ROI = (Annual NOI / Initial Investment) * 100ROI = ($26,876.04 / $260,000) * 100 Ë 10.34%SummaryMonthly Net Operating Income (NOI): $2,239.67Annual Net Operating Income (NOI): $26,876.04Annual ROI: Approximately 10.34%This updated calculation incorporates the correct tax information and confirms the property's profitability with an annual return on investment of about 10.34%. **VIRTUAL TOUR* https://next-door-photos.vr-360-tour.com/e/PgYBj5uWZHE/e?accessibility=false&dimensions=false&hidelive=true&share_button=false&t_3d_model_dimensions=false
Presented By: JPAR - Great Lakes Bay Region - 989-349-3039
Interior Features for 110 S Auburn Street
Other Interior Features
Basement Y/NNo
Fuel TypeNatural Gas
General for 110 S Auburn Street
AreaAuburn (09015)
Associated Document Count3
BUSINESS TYPEApartment Bldg, Office
Branded Virtual TourClick here
CityAuburn
ClassCOM/IND/BUS OPP
Commercial Features1 Phase Power, 110 Volt Power, 220 Volt Power, Bath, Cable Internet Installed, Cafe/Kitchen, Carpet, Ceramic Floor, Compressor, Concrete Floor, Internet Available, Display Window, Electric Available, Fixtures
CoolingCeiling Fan(s), Wall/Window A/C
CountyBay
DOM62
Exterior FeaturesSecurity Lighting
Financial TermsCash, Commercial Loan, Conventional, FHA
Flood InsuranceNot Required
HeatingHot Water
Internet RemarksListing Agent: Troy Schearer Broker: JPAR - Great Lakes Bay Region: This property is not just a building but a turnkey solution for steady cash flow and low maintenance concerns
Lease Y/NNo
Legal DescriptionS 50 FT OF E 153 FT OF N 297 FT OF SE 1/4 OF SEC.23 T14N, R3E.
LocationCorner Lot, Residential Area
ModificationTimestamp2024-07-24T21:01:32.9
MunicipalityAuburn
Originating MLSSaginaw Board of REALTORS
Percent OwnershipLLC
Postal Code48611
Price Per Sq Ft Total AG169.68
Primary CityAuburn
Public RemarksThis property is not just a building but a turnkey solution for steady cash flow and low maintenance concerns, all set in a bustling downtown area. Bringing in $3
RoofMetal
Sale/RentFor Sale
Source MLSMI Real Source
StatusPending
StatusPending
Status Detail0
SubdivisionMI
Subj to Short Sale ApprvlNo
TypeCommercial/Industrial
Virtual TourClick here
WaterPublic Water
Water HeaterGas
Year Built1947
ZoningCommercial
Exterior for 110 S Auburn Street
ExteriorBlock, Brick Front, Vinyl Siding, Vinyl Trim
FOUNDATION TYPESlab
Flood PlanNone
Lot Dimensions153 x 297
Lot Size Area0.17
RoadsPaved Street
SEWER SEPTICPublic Sanitary
Waterfront Y/NNo
Additional Details
Price History
Troy Schearer
Agent
Rick Willson
Realtor/Wizard