3231 Ray Road, Fenton, Michigan

$850,000

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5

Baths

3,477

Square feet

21.59

Acres

About 3231 Ray Road

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 $800.00 per month for one side and $375.00 per month 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 Road

MLS® # 60023425
Price $850,000
Bathrooms 5.00
Full Baths 5
Square Footage 3,477
Acres 21.59
Year Built 1900
Type Multifamily
Sub-Type Duplex
Style Farm House
Status Active
Source MLS MiRealSource
Originating MLS RealComp

Community Information

Address 3231 Ray Road
Area Fenton Twp
City Fenton
County Genesee
State Michigan
Zip Code 48430 9762

Amenities

Is Waterfront No
Has Pool No

Interior

Heating Forced Air, Hot Water
Fireplace No
Structure Style 1 1/2 Story

Exterior

Foundation Crawl

School Information

District Lake Fenton Schools

Additional Information

Zoning Agricultural
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeVan Esley Real Estate Inc

Listing Map

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