45416 M-51 Decatur, MI ^$ 499,900

45416 M-51

^$ 499,900

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45416 M-51

Decatur, MI, 49045

^$ 499,900

Studio Baths0.0 Sq 3,808

Monthly Estimate*

^$ 3,322

Studio

Multi-Family Home for sale in Decatur, MI

for $499,900. This 3,808 square foot home was built in 1978 on a lot size of 7.07.

Welcome to an exciting investment opportunity - a six-unit property situated on seven wooded acres, offering immense potential for both immediate and future expansion. Each unit features two bedrooms and one bathroom, offering comfortable living spaces for residents. While the interiors are in need of updating, this presents an opportunity to revitalize each unit with modern finishes and amenities. One of the remarkable aspects of this property is the potential for future expansion. With seven acres of wooded land at your disposal, the possibilities for growth are endless. Explore the opportunity to add additional units or even develop recreational amenities that enhance the overall appeal of the property. This ability to expand ensures long-term growth and increased profitability.

Multi-Family Pending

Price

^$ 499,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 7,212

Style

Lot Size

7.07

Year Built

1978

Town/City

Decatur

County/Region

Van Buren

MLS | Web ID

70393081

Features

General

Heating Baseboard Forced Air

Possession Negotiable (Possession)

Water Public Water

Status Pending Pending

Year Built 1978

County Van Buren

Class MULTIFAMILY

Type Multi-Family

Municipality Decatur Twp

Subdivision MI

Area Decatur Twp (80008)

Primary City Decatur

Directions From I 94 take exit 56 South on M-51 through Decatur. Just outside the Village Limit.

City Decatur

School District Decatur Public Schools

Street Name M-51

Financial Terms Cash Conventional

Legal Description See attached Survey

DOM 33

Postal Code 49045

Price Per Sq Ft Total 131.28

Coming Soon Welcome to an exciting investment opportunity - a six-unit property situated on seven wooded acres

Exterior

Exterior Wood

Frontage 300

Lot Size Area 7.07

Lot Dimensions Irregular

Lot Description Wooded

Roads City/County Paved Street

Waterfront Y/N No

Interior

Total Number of Units 6

Fuel Type Electric Natural Gas

* Excluded Features

List By

David Cerven

Listing Agent

Re/Max Advantage

Broker

dcerven@remax.net

Affordability Calculator

$3,923

Per Month

Monthly Principal & Interest: $3,322
Monthly Property Taxes: $601
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Decatur, MI

Average List Price ^$499,900

Percent of Sale Price 0%

About Decatur, MI

1,808 Population

-3% Since 2002

^$32,214 Median Income

37.97 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3522101 Elementary School

3522099 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/5/2024	$499,900		Listed Price

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45416 M-51, Decatur, MI, 49045 is a Multi-Family Home for sale at $499,900 with 3,808 sqft and a lot size of 7.07. 45416 M-51 is a studio with 0.0 baths and was built in 1978. The property's zip code is 49045 which is in Decatur, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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45416 M-51

Multi-Family Home for sale in Decatur, MI

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