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46465 WILLIS RD, 
Belleville, MI 48111

$--------

(Price Hidden)

Bed


12

Baths


9,523

Sq Ft


Multi-Family

Sold

Listed by

Joseph Hammel

Michael Helfant

Bought with Keller Williams Somerset

Keller Williams Somerset

248-649-7200

MLS#

20240041672

Source:

MI REALCOMP

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About This Home

46465 WILLIS RD

This charming, fully occupied Sumpter Township 12-unit property is comprised of two duplexes, one triplex, one quad and a stand alone single family all on one parcel. There is also a land space with a garage on the back of the parcel perfect for renting to trailers, boats and other storage seekers. The properties have been well maintained over the years with historically terrific occupancy. Appraised previously at a 6.75% cap rate. Utility meters are separated by unit, and with an already outstanding NOI, there is significant value-add opportunity, too, in both raising rents and renting the land and garage storage spaces. Moreover, this can be done with low capital on the front end as the seller is in the process of passing all city inspections, which will be completed by closing. Huge bonus there as with the property being as turnkey as can be expected for a MF property, post-close, your only job is to maximize the NOI and valuation of the property with efficient operations. Owner statement, rent roll, and walk through videos of recently occupied unit available upon request.

Home Facts

Multi-Family

12 Baths

Built in 1946

MLS #:

20240041672

Sold:

October 22, 2024


Rooms & Interior

Bathrooms

Total Bathrooms:

12

Full Bathrooms:

12

Interior

Living Area:

9,523 Sq. Ft.


Structure

Structure

Architectural Style:

Colonial, Ranch

Year Built:

1946


Lot

Lot Size (Sq. Ft):

60,112


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