MemphisCity_Macomb Michigan 48041

MemphisCity_Macomb, Michigan, 48041
$299,900

Basics

Status Category Type 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

  • 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:
  • Architectural Style: Colonial
  • Basement YN: Yes
  • Sewer: SewerAtStreet
  • Heating: ForcedAir, NaturalGas
  • Garage YN: No
  • Levels: Two

Location

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

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This style property is located in MemphisCity_Macomb is currently and has been listed on Household Real Estate. This property is listed at $299,900. It has bedrooms, 4 baths bathrooms, and is 3794 sq ft. The property was built in 1892.

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