2 Reading Ave

Hillsdale MI 49242

3094 sq. ft.

0.24 ac.

Multi-Family

Currently for sale - view listing

Overview

Great Investment! This well-maintained 3-unit multifamily property at 2 Reading Ave offers an excellent opportunity for investors or owner-occupants. The recently renovated interior features four new high-efficiency furnaces (one for each unit and one for the basement). Previous owners also upgraded the electrical system, and the exterior features a newer metal roof and vinyl siding. The three units offer a combined rental income of $3,000 per month. The largest unit was recently vacated and intentionally left vacant, giving a new owner the opportunity to live in the largest unit while collecting rental income from the other two. In addition, the sellers paid $34,000 through seller financing on top of the $216,000 sale price reflected in the public price history, bringing the total purchase consideration to $250,000. Tenants pay gas, electric, and water, while the landlord covers trash service. A great opportunity to own an income-producing property with room to make it your own.

Features

3094 sq. ft. floor area

0.24 ac. lot size

Multi-Family

Property history for 2 Reading Ave

2024

Sold

$216,000

19 Apr 2024 by Jeff Glover, of KW Professionals

2017

Sold

$30,000

02 Nov 2017 by Desiree Thomas, of CENTURY 21 Affiliated

Happy sellers in Hillsdale

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