Several houses and apartment buildings are For Sale. Most are listed with C.J.Shapiro at Coldwell Banker Heritage in Marshall, MI. You can contact CJ by phoning her office at 269.781.9111.
814 West Michigan; Marshall, MI 49068 is a 66' wide x 264' deep lot on Marshall's main street! It currently has a 4 bedroom house with a large garage that brings in some income to defray costs until the next owner builds their new commercial building. $199,900 is the price for this property and we will consider Land Contracts with a reasonable down payment. We will also rent this property with an option to buy and allow part of the rent to go towards its purchase.
267 W. Chicago; Coldwater, MI 49036 with 3 apartments! There is a separate furnace, hot water heater, Air Conditioner, electric service and gas service for each of the 3 apartments. The landlord usually pays the water, sewer, trash and lawn mowing.
#1 is a downstairs front, small 1 bedroom apartment with a stove and refrigerator. It nets about $400 per month after utilities.
#2 is a large downstairs rear, 1 bedroom apartment with a small porch, stove with self clean oven, 18 cubic foot refrigerator, dishwasher, washer and dryer. The kitchen was remodeled a couple of years ago with oak cabinets.
#3 is a large, upstairs, 3 bedroom apartment with a covered stairway that has lights that come on automaticly as you approach and a large wooden deck to enjoy. The Living Room is about 15' x 15' with an Air Conditioner that cools the whole apartment. There is a Washer and Dryer. The kitchen has a flattop stove with a self-cleaning oven and an 18 cubic foot refrigerator with a large freezer. Many kitchen cabinets and a circuit breaker box for this apartment.
The price is $140,000. Land Contract is available with 10% down; 8.5% A.P.R. based on 30 years amortization the payment is about $970.00 per month.