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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Sold
Purchase Type For Sale
Square Footage 3,682 sqft
Price per Sqft $84
Subdivision Howard Plat
MLS Listing ID 58050176119
Bedrooms 12
Full Baths 5
Half Baths 1
Year Built 1932
Property Sub-Type MultiFamily
Property Description
5 unit apartment building with sought after cash flow. The unit includes: 1- 4 bedroom unit with 2 baths, 3 - 2 beds with 1 bath, 1 - 1 bedroom & bath. Gas & electric is separate in each unit. Building has 1 water line with 1 meter but if you bring in 4 additional water lines each unit would be able to be metered separately. Each unit has it's own hot /cold water lines & water heater. This building is in a R1 Zone. Gross rents are $5,450 monthly and increases to $5,730 July 1 2025. Long term tenants that pay rent in a timely manner when it is due on the 1st of the month. No tenants are in arrears for rent. Coin washer & dryer is on the premises. All units are currently occupied so 24 hr notice is required. Unit #1 rent is $1,150 monthly, #2 $850 (1,150 July 1, 2025) #3 $1,000, #$4 $1,150, #5 $1,400. Landlord pays water for units 1-5. Gas for units 1, 2 & 4. Electric for units 1, 2& 4. All leases on a month to month except for unit #5.
Location
State MI
County Stclair
Area Area10152Porthuron
Interior
Heating ForcedAir, NaturalGas, SeparateMeters
Exterior
View Y/N No
Building
Foundation Basement, Block
Sewer PublicSewer
Water Public
Schools
School District Porthuron
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition CorporateRelocation, ShortSaleNo
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Coldwell Banker Town & Country Real Estate
Broker | License ID: 308761
Broker License ID: 308761



