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$199,000
Est. payment /mo
3 Baths
2,172 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 2,172 sqft
Price per Sqft $91
MLS Listing ID 20261072606
Style Ranch,Triplex
Full Baths 3
Year Built 1973
Lot Size 0.620 Acres
Acres 0.62
Property Sub-Type MultiFamily
Property Description
Investor opportunity! Income-producing multi-unit featuring immediate cash flow, multiple income streams, and massive value-add potential. Perfect fit for portfolio expansion or an owner-operator looking for house-hacking upside.
CURRENT RENTAL ROLL ($2,100/mo Total):
• Unit 1- 2Bed / 1 Bath: $700/mo
• Unit 2- 2 Bed / 1 Bath: $700/mo
• Unit 3-2 Bed / 1 Bath: $700/mo
VALUE-ADD POTENTIAL:
Strong market upside with potential gross rental income of $2,700 - $3,000/month ($32,400 - $36,000/year). Bring rents to market rates through simple turnover or light cosmetic updates to capture an immediate 28% to 42% revenue increase. Multi-family properties with this level of embedded equity and income growth do not last long.
CURRENT RENTAL ROLL ($2,100/mo Total):
• Unit 1- 2Bed / 1 Bath: $700/mo
• Unit 2- 2 Bed / 1 Bath: $700/mo
• Unit 3-2 Bed / 1 Bath: $700/mo
VALUE-ADD POTENTIAL:
Strong market upside with potential gross rental income of $2,700 - $3,000/month ($32,400 - $36,000/year). Bring rents to market rates through simple turnover or light cosmetic updates to capture an immediate 28% to 42% revenue increase. Multi-family properties with this level of embedded equity and income growth do not last long.
Location
State MI
County Isabella
Area Area37061Nottawatwp
Rooms
Basement Finished
Interior
Heating Electric, Forced Air
Fireplace No
Exterior
Parking Features Garage
Pool None
View Y/N No
Roof Type Asphalt
Garage true
Building
Foundation Basement, Poured
Sewer Septic Tank
Water Well
New Construction No
Schools
School District Beal City
Others
Senior Community false
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Cats Ok, Dogs Ok
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Listed by Scott Fader of Joseph Walter Realty, LLC
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