$499,000
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602 N Church ST City Of Hastings, MI 49058
3,808 SqFt
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Sold
Purchase Type For Sale
Square Footage 3,808 sqft
Price per Sqft $126
MLS Listing ID 65026009424
Sold Date 04/17/26
Year Built 1990
Lot Size 0.330 Acres
Acres 0.33
Property Sub-Type MultiFamily
Property Description
*Rare investment opportunity* Well-maintained 4-unit apartment building in Hastings offered for the first time. Each unit has 2 bedrooms and 1 bath and is fully leased with a strong rental history. Current rents are $990 (2 units) and $1,050 (2 units) with upside potential as rents are currently below market rental rates. Landlord pays water and gas. Property features coin laundry in common area, locked tenant storage, private slider door out to a patio or deck and a covered walkway with automatic garage door access for parking. Major components including roof, boiler, and mechanicals have been well maintained. Two long-term tenants (5 and 15 years) are month-to-month, with two units on annual leases. Solid investment opportunity with stable income and room for future rent growth. Call a local trusted Realtor today for operating information or to schedule a tour.
Location
State MI
County Barry
Area Area91072Hastings
Interior
Interior Features Storage
Heating Baseboard, Natural Gas, Radiant
Cooling Window Unit(s)
Fireplace No
Laundry CommonArea, InHall, UpperLevel
Exterior
Parking Features Asphalt, Garage, Paved
Utilities Available ElectricityConnected, NaturalGasConnected
View Y/N No
Roof Type Composition
Building
Lot Description CornerLot
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
High Schools Hastings
School District Hastings
Others
Acceptable Financing Cash, Conventional, Trade1031Exchange
Listing Terms Cash, Conventional, Trade1031Exchange
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