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About the Listing 109603 - 731919
Welcome to Chelsea, a charming and growing community with small-town appeal and big potential. This well-maintained property features three fully occupied rental units:2-bedroom unit currently renting for $1,170/month-1-bedroom unit currently renting for $1,025/month,Efficiency unit currently renting for $850/month. That's a total of $3,025 in monthly income. The owner pays for water and heat.All tenants are on yearly leases, providing stability and consistency for the next owner. The property has been owned by the same landlord for over 20 years, a testament to its reliability and desirability. Recent updates include a new roof and gutters (2025), with the furnace and water heater just 7 years old.This property offers flexibility: keep the rents steady or adjust to current market rates for even greater returns. Priced at $375,000, it's a great opportunity for an investor looking to grow their portfolio or for someone ready to step into property ownership for the first time.
Listing Highlights for 643 W Middle
Status
Active
Days on Site
32
Property Type
Multi-Family
MLS ®
70496742
Year Built
1900
Total Square Footage
1,548
Lot/Acreage
0.2
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1548
- Below Ground Sq Ft: n/a
- Basement: MI Basement
- Other:
- Water:
Exterior Details
- Lot Description: Sidewalks
- Garage Capacity: N/A
- Lot Dimensions: 66X132
- Zoning: Residential
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $5,444
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Years
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Listing Location
Questions About..
643 W Middle Chelsea, MI 48118
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