CENTRAL MICHIGAN ESTATE ON 40 ACRES ALL FOR $500/MO
Real Estate :: Residential
CENTRAL MICHIGAN ESTATE ON 40 ACRES ALL FOR $500/MO3 HOMES FOR THE PRICE OF ONE AND 2 ARE INCOME PRODUCING
How can one get a quarter of a million dollar property for under $500/mo? It’s simple!! · Mortgage of $259,900 @ 6% for 3o yrs · Minus your new rental income ($12,675/yr) · Equals a mortgage of $472.60/mo This is a once in a lifetime offer. Up for sale is our central Michigan estate on 40 acres. The estate includes: · Main house 1800 sq ft · New 5 stall horse barn · Large 1800’s style hay barn · Roughly 20 x 12 shed · Two gardens · Outdoor wood furnace (heat for this season $475) · 2 rentals to pay for it all WOW!! For the price of one home you are getting three. The house just underwent a complete interior remodel in 2006. Here are the highlights of the main house: · $100,000 remodel · All brand new electrical · All new plumbing · New spray foam insulation (best on the market) · One car garage · Large open kitchen with island · Granite counter tops in kitchen · Exotic Walnut floors · Custom maple doors and trim · 3 bedrooms · 2 baths · Custom master bath with 4 x 4 tiled shower · Kitchen Aid appliances · Stack washer and dryer · New windows · Loft (kids play room) · Cute kids’ rooms The main house is in the center of the property. The 40 acres is about 1320 x 1320. Legally it’s a 9 acre parcel and a 31 acre parcel. We first bought the 9acres about 5 years ago from the owner and then recently purchased the other 31. So you’d still own a square 40 acres. The land starts out flat from the road and then rises into a hill behind the house. In the fall it’s gorgeous with all the fall colors. There is lots of wildlife here. We have many deer trails, wild turkey and other animals roaming the property. There are three barns on the property. The existing 30 x40 pole barn is what we converted to a 5 stall horse barn. The floor is crushed limestone which gives it a concrete firmness but allows for drainage. The stalls were put in late Aug 2005. They all have 4 foot slider doors. This is a steel building. We put in another gable slider door in on the east side that leads to the pasture we put in. The pasture is about 2 acres. The barn has electric, a well and pump. The “toy barn” as we call it houses our lawn mowers, kids’ toys, etc. This is about 20 x12 or so. The width may be a couple feet more. It has a slider door that has Medeco locks on it. This is a steel building. The last barn is the 1800 style hay barn. The Amish came in about 10-15 years ago and reinforced the building and I would say it’s structurally sound for at least another 100 years. The lower area of the barn was used for cows back in the 70’s. This barn has a steel roof and wood sides. The best part for last!! Why not have someone else pay for all this for you…..well at least most of it. There are two rentals on the property. There is a small 2 bedroom trailer on the 9 acres and a larger 3 bedroom trailer on the main 31 acre parcel. Neither trailer is close to the main house as the property is a ¼ mile wide and a ¼ mile deep. Here are the highlights of the rental property: 2 bedroom · Completely remodeled 2005 · New roof · New siding · New insulation · New carpet · Nice modern kitchen · New bath · Solid 6 panel doors · 8 x 20 deck · Trailer is 12 x 60 · Two bedroom · One bath · Stove and Fridge This trailer is currently rented on a one year lease. They have their own driveway, electric meter, well, and propane tank. 3 bedroom · 14 x 70 · 3 bedroom · 2 bath · Nice interior · Large Amish storage shed · Area for washer and dryer hook up · Stove and Fridge This trailer is currently rented on a one year leased. They share the main driveway until they reach their drive. This property has their own electric meter, well and propane tank. This central Michigan estate is located just 30 minutes from CMU (Central Michigan University), Soaring Eagle Casino and Alma College. Just an hour or less away is: Big Rapids (Ferris State University), Saginaw, Lansing, Midland and Grand Rapids. This property is truly centrally located!! Please feel free to contact us for any questions you may have. This is a nice quiet area to raise kids, horses or anything else you may want. The two things left on our list that we think the property could use is: the main house siding and some basic landscaping. Thanks for your interest!! Purchase Terms: Cash or conventional mortgage. This is not being offered on land contract. Any questions please feel free to contact us. $5,000 non-refundable deposit upon signing purchase agreement, $500 non-refundable good faith downpayment within 24 hours via paypal (this will be deducted off the purchase price once purchase agreement is signed. We can negotiate possession. | ||||||||||||||
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