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About the Listing 108969 - RC413257
Turnkey 4-unit quadruplex in Plymouth's Historic Old Village, just blocks from downtown Plymouth and Kellogg Park. 100% leased with all four 1BR/1BA units occupied, generating $60,000 in in-place annual gross rent. Recent lease activity shows meaningful embedded rent growth: the longest-tenured resident just renewed at $1,225/mo (up 31% from her prior $935 rent), while a newly signed lease reflects a market-tested $1,325/mo, the highest in the building. Two of the four units remain priced below this level, giving a new owner a clear, low-capex path to mark rents to market as leases turn. Self-managed with a lean ~$13,300 annual operating expense load (taxes, insurance, utilities, repairs/maintenance, landscaping); no management fee has historically been charged. Tenants pay electric; owner covers water, sewer, trash, and natural gas heat. Slab foundation, vinyl exterior, asphalt roof. Ideal for a first-time investor, 1031 exchange buyer, or owner-operator seeking a turnkey income-producing asset in western Wayne County. Buyer/buyer's agent to verify all information.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2200
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 50X132
- Zoning: Multi-Family
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $6,797
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
318 Blanche Plymouth, MI 48170
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