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About the Listing 104693 - RC432242
Great investment opportunity to own a fourplex with strong income potential! This fourplex features two 2-bedroom units and two 1-bedroom units, with two units currently occupied - one renting for $950/month (lower 2 bedroom) and one for $750/month (upper 1 bedroom), both with recently renewed leases. Projected total rental income is approximately $3,400 per month when fully occupied. Each unit is separately metered for electricity, with tenants paying their own utilities, and water is included in rent. Upstairs units offer private balconies, adding tenant appeal. There is a basement with laundry hookups available, along with a rear parking area for tenants. New soffits and gutters (2025). An additional lot behind the parking area provides the opportunity to split and sell or build another home, offering added value and future upside to buyers!
Listing Highlights
Status
Active
Days on Site
10
Property Type
Multi-Family
MLS ®
60986425
Year Built
1892
Total Square Footage
3,794
Lot/Acreage
0.51
County
Macomb
Neighborhood
S/P # 01 Memphis
Area
Memphis (50030)
School District
Memphis Community Schools
Interior Details
- Bedrooms: 0
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Ceiling Fan(s)
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3794
- Below Ground Sq Ft: n/a
- Basement: MI Basement,Stone
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 74x216
- Zoning: Residential
- Roof:
- Others:
- Sewer: Public At Street
Financial Details
- Tax Amount: $5,339
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
80619 Main Memphis, MI 48041
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