$140,000
$185,000
24.3%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
3 Baths
1,827 SqFt
SOLD DATE : 01/16/2024
Key Details
Sold Price $140,000
Property Type Multi-Family
Sub Type Bungalow
Listing Status Sold
Purchase Type For Sale
Square Footage 1,827 sqft
Price per Sqft $76
Subdivision Ferrin'S Addition
MLS Listing ID 20230085514
Sold Date 01/16/24
Style Bungalow
Bedrooms 3
Full Baths 3
Originating Board Realcomp II Ltd
Annual Tax Amount $3,040
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 60.00 x 120.00
Property Description
This triplex apartment home is a fantastic investment to add to your portfolio. All 3 of the 1 bed/1 bath units are currently rented and all city certifications are up to date. With a rent roll of $1,910, any buyer can immediately cash flow this home. Further, it is located less than half a mile from downtown Mt Clemens making it an easy walk to business, offices, restaurants, and more, ensuring that it will be attractive to future tenants as well. The seller is offering a second property, MLS#: 20230086085, and would negotiate a deal to secure both for a new owner. As all units are occupied, all showings and inspections will be scheduled after there is an accepted purchase agreement.
Location
State MI
County Macomb
Area Mount Clemens
Zoning Multi-Family
Direction From 94 and 59, head south on Gratiot Avenue. Turn right on Market Street. Turn Left on Hubbard Street. The home is on the south side.
Interior
Interior Features Smoke Alarm, Carbon Monoxide Alarm(s)
Hot Water Natural Gas
Heating Forced Air
Cooling Window Unit(s)
Fireplace no
Heat Source Natural Gas
Exterior
Exterior Feature Fenced
Waterfront no
Roof Type ENERGY STAR® Shingles
Road Frontage Paved
Garage no
Building
Foundation Michigan Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Bungalow
Level or Stories 1 1/2 Story
Structure Type Aluminum
Schools
School District Mount Clemens
Others
Pets Allowed Yes
Tax ID 1111378008
Ownership Short Sale - No,Private Owned
Assessment Amount $420
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with Sine & Monaghan Realtors LLC St Clair
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Managing Partner | License ID: 6506046014
280 North Old Woodward Avenue, Suite 100, Birmingham, MI, 48009, United States