$ 220,000
-
$220,000
Price -
0
Bed -
3
Bath -
2,176
SqFt
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About the Listing 108374 - RC369817
*** INVESTMENT OPPORTUNITY – FULLY LEASED, UPDATED 2-UNIT MULTI-FAMILY! ***. Don't miss this income-generating, two-unit property featuring a spacious 3-bedroom upper unit (currently rented at $1,100/month which includes the basement space) and a freshly renovated 2-bedroom lower unit (currently leased for $1,050/month which includes a 2-Car Garage). Each unit has been thoughtfully updated with clean, modern bathrooms, newer kitchen cabinets and granite countertops. The entire interior is freshly painted, with newer flooring on the main level and refinished hardwood floors upstairs. Major mechanical and structural upgrades include a new furnace (upper unit – 11/13/2024), new hot water tank (lower unit – 11/20/2023), main sewer line replacement (10/13/2021), and gutter replacement (Spring 2020) - giving you peace of mind for years to come. The property also features a newer 2-car garage door and plenty of curb appeal. **POTENTIAL RENT GROWTH!!**: Current gross rents of $26,640 annually. Updated units with future rental upside. Comparable 3-bedroom rentals in the area are achieving $1,350-$1,450+ per month, offering investors the opportunity to increase revenue as leases renew. The lower 2-bedroom unit includes access to a two-car garage, which provides an additional opportunity for income growth. Potential Future Gross: $2,400-$2,600/month. $28,800-$31,200 annually. Whether you're an investor seeking strong rental returns or a buyer looking for a live-in income property, this one checks all the boxes! Rent rolls available upon request. Fantastic Investment opportunity!! Buyer and Buyer Agent to verify all information. 48 hours notice to show, please. ** 3-bedroom unit lease expires 6/30/26. 2-bedroom unit lease expires 5/31/27 **
Listing Highlights
Status
Active
Days on Site
47
Property Type
Multi-Family
MLS ®
60988564
Year Built
1925
Total Square Footage
2,176
Lot/Acreage
0.13
County
Macomb
Neighborhood
Martin Crockers Fourth Add
Area
Mt Clemens (50013)
School District
Mt Clemens Community Schools
Interior Details
- Bedrooms: 0
- Bathrooms: 2 Full / 1 Half
- Appliances:
- Air Cond: Central A/C,Window Unit(s)
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2176
- Below Ground Sq Ft: n/a
- Basement: Block
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 100.00 x 61.00
- Zoning: Multi-Family
- Roof:
- Others: Porch
- Sewer:
- Parking Features: Lighted
Financial Details
- Tax Amount: $4,471
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
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Questions About..
111 Kibbee Mount Clemens, MI 48043
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