840 Village Street
Property Description
Rare opportunity to restore and reposition a historic 5-unit property located near Western Michigan University. FLOOR PLANS COMING SOON! This property offers excellent potential for an investor, developer, or experienced rehabber looking for a renovation project in a desirable rental market. Not interested in a rentals? This property could be restored into a gorgeous single-family home! The building retains historic character and features a NEWER ROOF (6 years old), providing an important head start on the renovation process. The property is currently in need of extensive repairs and renovation, making this an ideal opportunity for someone prepared to bring the property back to its full potential. With its proximity to Western Michigan University, the property could offer strong long-term rental potential following a successful renovation. The existing five-unit layout provides a foundation for a multi-family investment strategy, subject to buyer verification of zoning, unit configuration, occupancy requirements, and all applicable municipal approvals. Property is being SOLD AS IS, with ALL items/personal property the seller leaves. You may find some items of value! Buyers should conduct their own inspections and verify zoning, unit count, rental requirements, utilities, and renovation/occupancy requirements with the appropriate municipal authorities. Bring your vision and renovation expertise to this unique property and unlock its potential!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $59,900 |
| No. of Units: | 5 |
| Year Built: | 1895 |
| Opportunity Zone: | No |
| Price per unit: | $11,980 |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 5 |
ID: 3yd-GRARMI-26048719
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