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350 Church Street, Olivet, MI 49076

Commercial property for sale

  • Description
  • Comet's Crossing is a 37 Unit student housing apartment complex adjacent to the Olivet College campus in Olivet Michigan. The property features an ideal mix three, two and one bedroom apartments in a park like setting. On 3.1 acres, the property was converted in 1995 from the former Olivet High School. Features such as many of the original classroom built in cabinets and lockers in the halls add to the charm of this former school.The property includes the original gymnasium which is currently unused and has had plans drawn up to add an additional 16 apartment units to the building in the future.An outdoor horseshoe area and fire pit are available for residents use. Each unit is separately metered for electric and has its own electric heat and hot water heater.All Vinyl windows throughout propertyEach unit has an air conditioner unit. Units on the back of the building have balconies.Laundry facilities are located on each floor and are owned by the complex.A manager currently resides in one of the three bedroom units with a two stall garage.The property could represent a significant value add to an active management team in driving down vacancy or possibly moving to school term leasing. Building price details: $1,154,362.
  • Property Details
  • Building Name: Comets Crossing
    Property Type: Multifamily
    Use Types: Low-Rise/Garden, Student Housing
    Status: Available
    Price: $ 31,199 +/Unit
    Number of Stories: 3
    Year Built: 1921
    Year Renovated: 1995
    MSA: Lansing-East Lansing
    Zoning: RESIDENTIAL
    Buildings: 2
    Construction: Brick
    Terms: Cash to Seller
    Added: 06/13/2013
    Last Update: 08/16/2013
  • Exterior Features
  • Parking Type: Surface
  • Contact info
  • Matthew Wisniewski, CCIM: 517-321-2800 [Office]
    RE/MAX COMMERCIAL GROUP

  • Note

  • Details Info about this row that located on 350 Church Street, Olivet, MI 49076 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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