Both units occupied. Separate Utility Meters For Both Sides. Lots Of Fruit Trees In Backyard. Both leases have expired and tenants are now on a month- to- month basis. Bigger units tenant has moved out and seller is cleaning, patching holes, and painting it. Tax year: 2024 Winter tax: $1665.55Summer tax: $1705Call for a private tour: Paige Temple (517)-375-6711
Fabulous investment opportunity in the heart of Hastings being offered at a 8.96% Cap Rate. 3 Unit Apartment but has mixed zoning and could be used for other purposes if so desired. Unlock the potential of this rare gem in the heart of the city's vibrant PUD district! This versatile three-unit property is zoned for apartment, commercial, and office use, making it a dream opportunity for entrepreneurs, small business owners, or savvy investors. Currently, the property is fully occupied by three separate tenants: two charming 1-bedroom units and a spacious 2-bedroom unit, ensuring steady rental income from day one. The flexible zoning allows you to reimagine the space as a boutique office, creative studio, or continue as a multi-family rental - tailor it to your vision! Many updates to include 2 new hot water heaters, 2 new showers. 2 new Range ovens, 2 new refrigerators. Step outside and you're tenants just moments from the best of downtown Hastings. Enjoy proximity to local favorites like Walldorff Brewpub & Bistro, Seasonal Grille, and the historic Barry County Courthouse. Daily conveniences are at their fingertips with Family Fare Supermarket and Walgreens nearby, while the Thornapple River Walk and Tyden Park offer scenic escapes just blocks away. Whether you're looking to expand your investment portfolio or launch your next business venture, 502 W. State Street delivers unmatched flexibility, location, and income potential. Don't miss your chance to own a cornerstone property in one of Hastings' most dynamic neighborhoods! Proforma available based on current rents and expenses.
Hastings is located in Michigan. Hastings, Michigan has a population of 7,480. Hastings is less family-centric than the surrounding county with 26.5% of the households containing married families with children. The county average for households married with children is 29.95%.
The median household income in Hastings, Michigan is $50,287. The median household income for the surrounding county is $68,779 compared to the national median of $69,021. The median age of people living in Hastings is 35.6 years.
The average high temperature in July is 83.1 degrees, with an average low temperature in January of 16.7 degrees. The average rainfall is approximately 36.6 inches per year, with 62.6 inches of snow per year.
