Multi-family investment opportunity in desirable Fenton Township! Both apartments have been leased for several years, with the upper unit recently becoming vacant. The seller has not pursued a new tenant for the upper apartment, providing an excellent opportunity for a buyer to occupy the upper unit while collecting $1,000/month in… Read More rent from the lower unit. The upper apartment is estimated to rent for approximately $1,200/month. The property also features a 24 x 32 pole barn with metal siding and roof, a 10-foot-high overhead door, and updated electrical. The seller will have the pole barn painted prior to closing at the seller's expense. Conveniently located within one mile of US-23 and close to Linden and Fenton, with easy access to a variety of restaurants, shopping, and other amenities. A great opportunity for an investor or owner-occupant looking for rental income and additional storage/workshop space. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of RE/MAX Platinum-Fenton.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Multifamily
Square Ft.
1,632
Lot Size
0.46 Acres
Year Built
1971
MLS Number
20261081024
30 Days Snapshot Of 48430
$403k
-15%
(avg) sold price
50
-10%
homes sold
55
-15%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Basement?: 0
Building
2 total units, 1 leased unit, 1 one-bedroom unit, 1 two-bedroom unit, Built in 1971, Architectural style: Duplex, Raised Ranch, Aluminum, 1,632 total square feet, 1,632 combined square feet, Unit count: 2
Cooling
Ceiling Fan(s)
Exterior Features
Lighting, Private Entry
Fireplaces
Fireplace?: 0
Foundation
Slab
Garage
Garage?: 0
Water Features
Natural Gas, Well (Existing)
Heating
Hot Water, Natural Gas
Interior Features
Entrance Foyer, Laundry Facility
Lot
Lot size area: 0.46, Lot size dimensions: 80.00 x 250.00
Miscellaneous
Gross scheduled income: $26,400, Income projection: Projected, Monthly rental income: $1,000, Net operating income: $19,400, Operating expense: $7,000
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