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$ 226,500
Est. payment | /mo
2 Baths
0.83 Acres Lot
$ 226,500
Est. payment | /mo
2 Baths
0.83 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Vienna Twp
Subdivision Vienna Twp
MLS Listing ID 50204599
Year Built 1920
Lot Size 0.830 Acres
Acres 0.83
Lot Dimensions 99x325x99x325
Source MiRealSource
Property Description
Turnkey investment opportunity with immediate income potential! This well-maintained multi-family property features three updated units currently generating approximately $23,000 annually, with room to increase rents and maximize returns. Units 1 and 2 have been extensively renovated and share a durable metal roof (2018). Unit 1 includes a kitchenette and half bath and has previously operated as a beauty supply, boutique, and art studio—making it ideal for mixed-use or additional rental income. Unit 3 is an approximately 800 sq ft one-bedroom unit with a new roof (2021) and brand-new furnace (2026), offering low maintenance and strong rental appeal. All units have been updated with new flooring, paint, kitchens, and bathrooms, minimizing future capital expenditures. The property blends modern updates with sought-after historic charm, including arched doorways and wide trim. Additional income potential comes from the 24x40 pole barn with gas and electric—perfect for storage rental, workshop space, or tenant use. New barn roof installed in 2020. Ample on-site parking adds to tenant convenience. Whether you're expanding your portfolio or looking for a live/work investment, this property offers versatility, stability, and upside potential.
Location
State MI
County Genesee
Interior
Heating Forced Air
Cooling Wall Unit(s)
Exterior
View Y/N No
Building
Structure Type Block
Others
Tax ID 1827400012
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Listed by REMAX Right Choice
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