Basics
| Status Active | Category ResidentialIncome | Type MultiFamily | Year built 1892 |
| Area, sq ft 3794 sq ft | MLS ID 20261025923 | Date added Added 2 weeks ago | Subdivision Name S/P # 01 MEMPHIS |
| Bathrooms Full 4 | Lot Size Acres 0.51 acres | Address MemphisCity_Macomb, Michigan, 48041 | Cooling CeilingFans |
Description
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Description:
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!
Rooms
- Bathrooms: 4 baths
Building Details
- Construction Materials: VinylSiding
- Basement: Unfinished
- Architectural Style: Colonial
- Basement YN: Yes
- Sewer: SewerAtStreet
- Heating: ForcedAir, NaturalGas
- Garage YN: No
- Levels: Two
Location
- City / Department: MemphisCity_Macomb
- State: Michigan
- Zip / Postal Code: 8247
- County Or Parish: Macomb
Amenities & Features
- Waterfront YN: No
- Pool Features: None
- Fireplace YN: No
- Pool YN: No
- Parking Features: ParkingLot
- WaterSource: Public
Financial
- Homestead YN: No
School Information
- High School District: Memphis
Miscellaneous
- Listing Terms: Cash, Conventional, FHA
- Pets Allowed: No
Courtesy of
- List Office Name: Brookstone, Realtors LLC