$235,000
$235,000
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4 Beds
4 Baths
2,346 SqFt
SOLD DATE : 07/01/2024
Key Details
Sold Price $235,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,346 sqft
Price per Sqft $100
Subdivision Mi
MLS Listing ID 50143383
Sold Date 07/01/24
Style 1 Story
Bedrooms 4
Full Baths 4
Year Built 1953
Annual Tax Amount $3,092
Tax Year 2023
Lot Size 0.330 Acres
Acres 0.33
Lot Dimensions 109x203x82x203
Property Description
Welcome to this beautiful multifamily home nestled in the heart of Morenci. If you're looking for your next investment property, look no further! This 4-unit home is fully renovated and offers a comfortable 1-bed, 1-bath layout, meticulously updated to ensure modern comfort and style, providing a stable income. The property features smoke-free units that are fully occupied by friendly, quiet, reliable tenants who are very eager to stay. The property includes separate electrical boxes for each unit, with heat, water, and trash covered by the owner simplifying the rental process. Additionally, a convenient coin laundry room is available for tenants, which covers the cost of the water bill. Providing a stable income, these units are ready for you with nothing to do but sign the deed. The large lot offers a multitude of options for future development or enhancement. The expansive space provides ample opportunity for building additional units, significantly increasing the property’s income potential. Alternatively, you could create a community play area, a picnic area, or even a garden space to enhance the living experience for your tenants, making the property even more attractive. This property is a robust investment option that can provide a consistant income, and long-term appreciation. If you are looking for an attractive addition to your investment portfolio, don't wait! Contact us today to arrange your private showing!
Location
State MI
County Lenawee
Area Morenci (46035)
Interior
Heating Boiler
Fireplace No
Appliance Range/Oven, Refrigerator
Exterior
Waterfront No
Building
Story 1 Story
Foundation Slab
Water Public Water
Schools
School District Morenci Area Schools
Others
Ownership LLC
SqFt Source Public Records
Energy Description Natural Gas
Acceptable Financing VA
Listing Terms VA
Financing Cash,Conventional
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Bought with Howard Hanna Real Estate Services-Tecumseh