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6257 Bancroft Avenue SE, Alto, MI 49302
$371,500
6257 Bancroft Avenue SE, Alto, MI 49302View this property at 6257 Bancroft Avenue SE, Alto, MI 49302
6257 Bancroft Avenue SEAltoMI49302
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Property Description
🏢 Prime Investment Opportunity in Alto, MI Welcome to 6257 Bancroft, where an exceptional 3-unit rental property awaits astute investors searching for a strategic addition to their portfolio. This property presents an impeccable blend of stability, convenience, and profit potential. With a proven tenant history and an impressive annual rent income of $38,220, this investment gem guarantees both immediate cash flow and enduring value appreciation. Property Overview: Discover the advantages of this property, which comprises three effortlessly manageable units. Comprising two 2-bedroom units and one 3-bedroom unit, this layout caters to a variety of tenant preferences. The prime location directly across from Alto Elementary School and easy access to I-96 add to the proper desirability. Features and Benefits: Strategic Unit Configuration: The property boasts two 2-bedroom units and a spacious 3-bedroom unit, optimizing flexibility and attracting a diverse range of tenants. Convenient Location: Situated right across the street from Alto Elementary School and offering quick access to I-96, the property's location is tailored for tenant convenience and long-term demand. Professional Management: With a dedicated property manager overseeing operations, you can trust that this investment is expertly maintained, ensuring hassle-free ownership. Solid Tenant History: A track record of exceptional tenant satisfaction is supported by established leases in place, enhancing the property's reliability and income stability. Investor's Dream: Whether you're a seasoned real estate investor or embarking on your investment journey, this property provides a golden opportunity to tap into a robust rental market and secure consistent rental income.
Full Property Details
Full Property Details for 6257 Bancroft Ave SE
General
- Sold For: $371,500
- Taxes: $4,304
- Status: Closed
- Type: Multi-Family
- MLS ID: 23031847
- Added to Site: 251 day(s) ago
Parking
- Total Spaces: 10
Location
- Area: Grand Rapids - G
- County: Kent
- Cross Streets: 60th
- Driving Directions: Whitneyville S to 60th, E to Bancroft, S to Unit.
- Direction Faces: Whitneyville S to 60th, E to Bancroft, S to Unit.
School Information
- School District: Lowell
- High School District: Lowell
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Water, Natural Gas
Utilities
- Sewer: Public Sewer
Structural Information
- # Buildings: 1
- Construction: Wood Siding
- Basement: Yes
- Basement Desc.: Full
- Roof: Composition
- Year Built: 1881
Lot Features
- Lot Size (Acres): 1
- Lot Size (Sq. Ft.): 43,560
- Frontage: Paved
- Lot Features: Wooded
- Zoning: Residential
Financial Considerations
- Tax Amount: $4,304.96
- Terms: Cash, Conventional
- Landlord Pays: None
- Tenant Pays: Electricity, Gas
Disclosures and Reports
- Documents Avail.: Listing Contract
- Legal Description: E 264.0 FT OF S 1/2 NW 1/4 EX N 264.0 FT & EX S 891.0 FT * SEC 4 T5N R9W 1.00 A.
- Property ID: 41-24-04-176-010
Listed by Greenridge Realty (Lowell), Joshua M McCracken
Sold by Five Star Real Estate (M6), James VanOtteren
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Schools
Schools serving 6257 Bancroft Ave SE
School District:Lowell Area Schools
Rating | Name | Grades | Distance |
---|---|---|---|
6150 Bancroft Ave Se, Alto, MI 49302 | PK-5 | 0.1 mi | |
750 Foreman St, Lowell, MI 49331 | 6-8 | 6.2 mi | |
Freshman Center
11700 Vergennes St, Lowell, MI 49331 | 9-12 | 7.2 mi | |
11700 Vergennes St, Lowell, MI 49331 | 9-12 | 7.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6257 Bancroft Ave SE
Date
Details
Price
Change
Source
10/31/2023
Sold
$371,500
3.2%
MLS
10/03/2023
Price Reduced
$359,990
-4%
MLS
8/28/2023
Listed
$375,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
6257 Bancroft Avenue SE, Alto, MI 49302 (MLS# 23031847) is a Multi-Family property that was sold at $371,500 on October 31, 2023. Want to learn more about 6257 Bancroft Avenue SE? Do you have questions about finding other Multi-Family real estate for sale in Alto? You can browse all Alto real estate or contact a Coldwell Banker agent to request more information.