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About the Listing 105244 - RC454173
Turnkey income-producing triplex in Corunna, Michigan - generating $22,620 in annual rental income with all 3 units currently leased. This well-maintained 1910 property features a diverse unit mix: a 3-bedroom (1,100 sq ft, $685/mo), a 2-bedroom (920 sq ft, $775/mo), and a studio (250 sq ft, $425/mo), creating multiple income streams and broad tenant appeal. At a list price of $159,900 and a net operating income of $16,979, this property delivers a cap rate of approximately 10.6% - well above typical market benchmarks and an outstanding return for the price point. Situated on a spacious 0.32-acre lot (102x145), the building includes an unfinished basement with upside potential, natural gas forced air heating with separate meters, deck and porch, public water and sewer, asphalt roof, and assigned parking. Priced at just $70.50/sq ft with immediate cash flow in place - this is a straightforward addition to any investment portfolio. By appointment only.
Listing Highlights
Status
Pending
Days on Site
17
Property Type
Multi-Family
MLS ®
60984542
Year Built
1910
Total Square Footage
2,268
Lot/Acreage
0.32
County
Shiawassee
Neighborhood
City/Corunna
Area
Corunna (78017)
School District
Corunna Public School District
Interior Details
- Bedrooms: 0
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Ceiling Fan(s)
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2268
- Below Ground Sq Ft: n/a
- Basement: MI Basement,Wood
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 102x145
- Zoning: Residential
- Roof:
- Others: Deck,Porch
- Sewer:
Financial Details
- Tax Amount: $3,638
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
415 W State Corunna, MI 48817
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