About 3231 Ray Rd
Five (5) unit apartment building on 21.59 acres with room for expansion. This property also has a 5,000 sq pole barn that has a concrete floor, electricity, spray foam insulation ($30,000), a bathroom, and an office. The pole barn is not rented and can provide extra income of approximately $2,500.00 per month. For additional income, there is also a billboard which currently receives $750.00 per month for one side and $4,500.00 per year for the other. In addition to that, this 21.59 acre property has approximately 1,385 feet of frontage on US-23, and approximately 20 acres for farming with income of approximately $900.00 per year. Some updates in the farmhouse include some new flooring, bathroom tile and paint. This is an excellent investment opportunity. CITY WATER IS COMING TO THOMPSON RD THIS SUMMER & TORREY RD NEXT SUMMER! DO NOT DISTURB THE TENANTS! ALL RESIDENTIAL UNITS ARE OCCUPIED! NO SHOWINGS WITHOUT AN ACCEPTED OFFER. All information is estimated and should be verified.
Features of 3231 Ray Rd
| MLS® # | 2220004051 |
|---|---|
| Price | $850,000 |
| Bathrooms | 5.00 |
| Full Baths | 5 |
| Square Footage | 3,477 |
| Acres | 21.59 |
| Year Built | 1900 |
| Type | Multifamily |
| Sub-Type | Duplex, Farmhouse |
| Status | Pending |
Community Information
| Address | 3231 Ray Rd |
|---|---|
| Area | 08121-Fenton Twp |
| City | Fenton Twp |
| County | Genesee |
| State | MI |
| Zip Code | 48430 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Forced Air, Hot Water |
|---|
Exterior
| Exterior | Vinyl, Other |
|---|---|
| Foundation | Crawl |
School Information
| District | Lake Fenton |
|---|
Additional Information
| Zoning | Agricultural |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Van Esley Real Estate Inc |
|---|---|
| Contact Info | vanesleyre@aol.com |