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About the Listing 16121 - F401961
Turnkey investment opportunity with immediate income potential! This well-maintained multi-family property features three updated units currently generating approximately $23,000 annually, with room to increase rents and maximize returns. Units 1 and 2 have been extensively renovated and share a durable metal roof (2018). Unit 1 includes a kitchenette and half bath and has previously operated as a beauty supply, boutique, and art studio—making it ideal for mixed-use or additional rental income. Unit 3 is an approximately 800 sq ft one-bedroom unit with a new roof (2021) and brand-new furnace (2026), offering low maintenance and strong rental appeal. All units have been updated with new flooring, paint, kitchens, and bathrooms, minimizing future capital expenditures. The property blends modern updates with sought-after historic charm, including arched doorways and wide trim. Additional income potential comes from the 24x40 pole barn with gas and electric—perfect for storage rental, workshop space, or tenant use. New barn roof installed in 2020. Ample on-site parking adds to tenant convenience. Whether you’re expanding your portfolio or looking for a live/work investment, this property offers versatility, stability, and upside potential.
Listing Highlights
Status
Active
Days on Site
12
Property Type
Multi-Family
MLS ®
50204599
Year Built
1920
Total Square Footage
1,170
Lot/Acreage
0.83
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full / 2 Half
- Appliances: Range/Oven, Refrigerator
- Air Cond: Wall/Window A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1170
- Below Ground Sq Ft: n/a
- Basement: Block
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 99x325x99x325
- Roof:
- Others: Fenced Yard,Porch,Fence Owned
- Sewer: Public Sanitary
Financial Details
- Tax Amount: $3,496
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
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Questions About..
10201 N Clio Clio, MI 48420
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