RARE DEVELOPMENT OPPORTUNITY NEAR DOWNTOWN FENTON! Investor alert!A;This Newly remodeled & fully furnished 4-unit multi-family property is a turn-key, income-producing gem just minutes from the heart of downtown Fenton. Each spacious unit comes fully furnished and equipped with high-end appliances, offering immediate cash flow and zero hassle for your next… Read More investment.A;Zoned MHR (Medium High Density Residential), this expansive 181' x 642' lot presents a golden opportunity to build additional units - unlock even more potential from this already impressive asset.A;Whether you're a seasoned investor or just getting started, this is your chance to own a property that's ready to rent today - with future development potential that's hard to find. Unique blend of location, luxury, and long-term upside!A;-Minutes to shops, restaurants, and downtown FentonA;- Close to Fenton Winery and wedding guests love the convenience A;- Fully occupied or ready-to-rentA;- Zero updates needed - just collect and grow!A;Located in a peaceful, quiet area surrounded by natural beauty and frequent deer sightings.A;Act fast - opportunities like this don't come often!A;A;Each unit has its own separate meter. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Tremaine Real Estate.
Listing Snapshot
Days Online
14
Last Updated
Property Type
Commercial
Square Ft.
5,360
Lot Size
2.76 Acres
Year Built
1980
MLS Number
20251017730
30 Days Snapshot Of 48430
$519k
+18%
(avg) sold price
40
-18%
homes sold
48
-33%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved, Private, Other
Building
Built in 1980, Remodelled in 2023, 5,360 total square feet, 4,288 main square feet, 0 office square feet, 4 two-bedroom units, Asphalt, Block, Brick
Foundation
Basement
Water Features
Public (Municipal), Separate Meters
Heating
Natural Gas
Lot
Lot size area: 2.76, Lot size dimensions: 176.00 x 683.00
Miscellaneous
Gross scheduled income: $145,000, Monthly sales: $10,000, Net operating income: $130,000, Operating expense: $15,000, Residential, Business And Real Estate
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