429 N State Street, BIG RAPIDS

$259,900

4 Beds
2 Baths
1,992 Sqft
.37 Acres
1 Garages

Welcome to this unique opportunity of owning two investment properties in one! Two family home(red 1-1/2 story) and a restaurant business on the same property. Restaurant building is currently leased as sandwich shop offering dining, take out, or delivery service.(under lease until 2024 with buyout options available.) Two family rental home offers upstairs unit with 1BR/1BA/Kitchen and downstairs with 3 BR/1BA/Kitchen. Current lease expires 7/31/2020. Very good rental history and occupancy with both units. Many updates to both units including, roof, siding, windows, electrical, water heaters, rain gutters, front porch, furnace(restaurant), insulation, appliances (apt.) and more! 12x18 storage garage included. Tenant pays water/sewer, mowing, snowplowing, and garbage service

Essential Information
MLS® #20050861
Price$259,900
Bedrooms4
Bathrooms2.00
Full Baths2
Square Footage1,992
Acres0.37
Year Built1920
TypeResidential
Sub-TypeSingle Family
StyleTraditional
StatusActive
Community Information
Address429 N State Street
AreaW79
SubdivisionBig Rapids Twp
CityBIG RAPIDS
CountyMecosta
StateMI
Zip Code49307
Amenities
# of Garages1
Garages1, Detached
Features

Ceiling Fans, Laminate Floor, Gar Door Opener

Interior
HeatingForced Air
CoolingWindow Unit
# of Stories2
Has BasementYes
BasementPartial Basement
Appliances

Dishwasher, Dryer, Oven, Refrigerator, Washer

Exterior
ExteriorVinyl, Brick, Poured Concrete
Exterior FeaturesDeck(s), 3 Season Room, Patio
Lot DescriptionCorner, Level, Sidewalk
RoofComp Shingle
Windows

Insulated, Screens, Replacement

School Information
DistrictBIG RAPIDS
Additional Information
Zoning201 Commercial
Accessibility FeaturesN
Heat SourceNatural Gas
Homestead Percent0.00
Kitchen FeaturesEating Area, Pantry
Price/SqFt130.47
SewerPublic
WaterPublic
Water HeaterNatural Gas
Legal

French's Addition - Blk 11, the N 1/2 of lot 11 & Entire lot 12.

Utilities Attached

Cable, Natural Gas, Telephone Line

Financial Details
Annual Property Tax$9,745
Approximate Association Fee$0
Association Buy in Fee$0
Auction or For SaleFor Sale
Tax Year2020
Mineral RightsYes, Available
PossessionClose Plus 30 Days
Sale ConditionsNone
SEV171600.00
Spec Assessment & TypeNone
Tax ID #541710437011
Taxable Value159835.00
Terms AvailableCash Only, Cash/Conventional
Listing Details
Listing AgentKurt E Baird
Listing OfficeCentury 21 Affiliated (GR)
LISTING MAP

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Listing information last updated on June 19th, 2021 at 12:15am EDT.