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$330,000
Est. payment /mo
3 Baths
5 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Davison Twp
Subdivision Davison Twp
MLS Listing ID 20261032111
HOA Y/N true
Year Built 1945
Annual Tax Amount $4,778
Lot Size 5.000 Acres
Acres 5.0
Lot Dimensions 363 x 594
Source Realcomp
Property Description
Rare opportunity to own a well-maintained 3-unit multifamily property situated on 5 beautiful acres in Davison! All three units offer 2 bedrooms and 1 full bath, making this a fantastic investment or owner-occupant opportunity. The current owner occupies the spacious lower/main unit, which features a full basement, enclosed front porch, large deck, and 2-car garage. The upper unit offers a very similar floor plan with its own separate entrance, while the back unit features a charming Cape Cod-style layout with a private back patio.Major updates have already been completed, including brand new furnaces, central A/C units, water heaters, and a new roof for added peace of mind. New flooring will be installed in the main unit prior to closing, along with new drywall improvements in the back unit. There is also a dedicated laundry room area below the stairs to the upper unit that was created for the upper and back units and just needs finishing touches.Excellent income potential with all units separately metered. The upper unit is currently leased through November at $800/month, and the tenant would love to stay long term (and is aware of potential rent adjustments). Tenant just left back unit, also at $800/month. Estimated market rents are approximately $1,500–$1,800/month for the main unit with basement and garage, $1,200/month for the upper unit, and $1,000/month for the back unit. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this property offers incredible flexibility, updates, and long-term value! There is also amazing opportunity to add even more value to this property with some minor interior updating. With all big ticket items being brand new, this property is a gem!But wait, there is more...home appraised last year for the price that we are listing it for this year! Owner is downsizing into a ranch and has agreed to list this to sell fast!
Location
State MI
County Genesee
Zoning Residential
Direction Take M15 to Lippincott and then turn East on Lippincott, follow it to the T and then turn right, it is the first house after the guard rail
Interior
Heating Forced Air
Cooling Central Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Water Well
Structure Type Vinyl Siding
Schools
School District Davison
Others
Tax ID 0523200010
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by EXP Realty - Fenton
Nearby Locations
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