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Tj Francisco

tj@franciscoteam.com +1(586) 709-4949

$268,000

Est. payment - /mo

6 Beds

5 Baths

3,000 SqFt

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Open House

Sun Dec 21, 12:00pm - 1:30pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $89

MLS Listing ID 58050185537

Bedrooms 6

Full Baths 5

Year Built 1960

Lot Size 0.550 Acres

Acres 0.55

Property Sub-Type MultiFamily

Property Description

**Open House- Sunday 12/21 from 12-1:30pm** Discover this updated, income-generating 5-unit apartment building on a .55 acre lot, with a large garage! Unit updates include some flooring, paint, closets, and bathroom upgrades. Recent major improvements include two 50-gallon hot water tanks and roof work (2024), a new well pump & pressure regulator, and a septic system that's professionally serviced annually. This property does have some deferred maintenance and is in need of some upgrades- an exceptional value-add opportunity for investors or entrepreneurs! The property features three 1 bed/1 bath units, one 1+/1 unit, and one 2 bed/1 bath unit, plus a spacious 2.5-car garage with ample parking. With $3,650 in monthly rental income, lower township taxes, and natural gas used only for the furnace and hot water tanks-- this property is both profitable and efficient. Five separate electric meters add convenience and ease of management. Additional permitted uses expand the potential of this property even further: consider operating a daycare center, bed & breakfast, senior day care facility, or even running your own business from this property. Ideally located just minutes from the expressway and downtown Marysville, within the desirable Marysville School District (St. Clair Township mailing address), this property offers privacy, accessibility, and multiple income opportunities. A well & septic inspection have already been done- Contact the listing agent today for full details on this versatile investment!

Location

State MI

County St. Clair

Area Area10171Stclairtwp

Rooms

Basement Block

Interior

Heating Electric, ForcedAir, NaturalGas, WallFurnace

Cooling WallWindowUnits

Fireplace No

Exterior

Parking Features TwoandHalfCarGarage, Assigned2Spaces, Detached, Lighted

Garage Spaces 2.5

View Y/N No

Building

Foundation Block, Slab

Sewer SepticTank

Water Other, Well

New Construction No

Schools

High Schools Marysville

School District Marysville

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition ShortSaleNo, Standard

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Listed by Renee Bacon of KW Platinum

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Tj Francisco

+1(586) 709-4949

Agent | License ID: 6501360034

Agent License ID: 6501360034

5054 Gratiot AVE Saint Clair, MI 48079

Tj Francisco

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Get More Information