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Hastings, MI 49058,502 W State Street
Hastings, MI 49058,502 W State Street
Hastings, MI 49058,502 W State Street
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$349,000
Est. payment /mo
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3 Baths
8,712 Sqft Lot
Active

502 W State Street Hastings, MI 49058

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Motus Real Estate

Motus Real Estate

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality Hastings

Subdivision Hastings

MLS Listing ID 20251027913

Year Built 1900

Annual Tax Amount $5,799

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 68 X 133 X 67 X 133

Source Realcomp

Property Description

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.

Location

State MI

County Barry

Zoning Commercial,Multiple,Offic

Direction Located on SE corner of S. Washington and W. State Street

Interior

Heating Forced Air

Cooling Central Air

Exterior

View Y/N No

Handicap Access No Step Entrance, Ramped Entrance

Building

Lot Description Sidewalk

Water Public

Structure Type Vinyl Siding

Schools

School District Hastings

Others

Tax ID 5500120500

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Epique Realty

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Motus Real Estate

Motus Real Estate

Broker

+1(248) 270-5999

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