1.16 Acres Lot
1.16 Acres Lot
Key Details
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Active Under Contract
Purchase Type For Sale
Municipality Matteson Twp
MLS Listing ID 25010438
Year Built 1978
Annual Tax Amount $1,269
Tax Year 2024
Lot Size 1.160 Acres
Acres 1.16
Lot Dimensions irregular
Property Sub-Type 2 to 4 Units
Property Description
This beautifully updated 3-unit triplex offers the perfect blend of modern living and exceptional investment potential. Situated on a spacious 1.16-acre parcel in a sought-after location, this property is ideal for an owner-occupant or an investor looking to capitalize on rental income.
This property has undergone extensive renovations, transforming it into a near-new build. The original structure, once a duplex with an unfinished lower level, has been meticulously upgraded to include a brand-new, 1,400 sq. ft. 1st-floor apartment, in addition to two spacious 780 sq. ft. apartments on the second story.
Key Features & Improvements: Total Finished Living Area: 3,000 sq. ft.
High-End Interior Finishes: Vinyl plank flooring, Delta brand faucets, built-in Samsung appliances, energy-efficient mini-split heating and cooling, walk-in closets, and a luxurious soaker tub.
Soundproofing: Resilient channel system for optimal sound insulation between units
Top-to-Bottom Exterior Upgrades: New gutters, downspouts, vinyl line-hide for HVAC systems, and professional landscaping
Expansive Property Improvements: Full excavation and asphalt millings for driveways, tree trimming, stump grinding, and extensive concrete work for patios and sidewalks
This property provides immediate returns with its high-quality construction, energy-efficient systems, and prime location. With only the original framing and cement slab preserved, it is effectively a brand-new building.
At a competitive asking price of $399K, this triplex offers tremendous value for both investors and buyers seeking long-term equity. The property is currently fully rented. Apartment A: $1,200, Apartment B: $1,200 Apartment C: $1,500. Tenants pay utilities. Don't miss your chance to own this exceptional multi-family asset! Total Finished Living Area: 3,000 sq. ft.
High-End Interior Finishes: Vinyl plank flooring, Delta brand faucets, built-in Samsung appliances, energy-efficient mini-split heating and cooling, walk-in closets, and a luxurious soaker tub.
Soundproofing: Resilient channel system for optimal sound insulation between units
Top-to-Bottom Exterior Upgrades: New gutters, downspouts, vinyl line-hide for HVAC systems, and professional landscaping
Expansive Property Improvements: Full excavation and asphalt millings for driveways, tree trimming, stump grinding, and extensive concrete work for patios and sidewalks
This property provides immediate returns with its high-quality construction, energy-efficient systems, and prime location. With only the original framing and cement slab preserved, it is effectively a brand-new building.
At a competitive asking price of $399K, this triplex offers tremendous value for both investors and buyers seeking long-term equity. The property is currently fully rented. Apartment A: $1,200, Apartment B: $1,200 Apartment C: $1,500. Tenants pay utilities. Don't miss your chance to own this exceptional multi-family asset!
Location
State MI
County Branch
Area Branch County - R
Direction West on US 12 from Coldwater to Bronson then North on Matteson St. which turns into Matteson Lake Rd. to Werners Landing to Margaret Ann Dr.
Rooms
Basement Slab
Interior
Heating Wall Furnace
Cooling Wall Unit(s)
Fireplaces Number 1
Laundry Laundry Closet
Exterior
Utilities Available Electricity Available, Electricity Connected
View Y/N No
Roof Type Composition
Total Parking Spaces 15
Building
Lot Description Corner Lot
Sewer Septic Tank
Water Well
Structure Type Vinyl Siding
New Construction No
Schools
School District Bronson
Others
Tax ID 050-W55-000-001-00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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