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Lapeer,MI 48446
Key Details
Property Type Multi-Family
Sub Type Colonial,Farmhouse
Listing Status Active
Purchase Type For Sale
Square Footage 3,425 sqft
Price per Sqft $135
Subdivision City Of Lapeer R Original Plat
MLS Listing ID 20240075952
Style Colonial,Farmhouse
Bedrooms 6
Full Baths 6
Year Built 1860
Annual Tax Amount $6,063
Lot Size 7,405 Sqft
Property Description
Great investment property near downtown Lapeer. Six 1 bedroom, 1 bath units in this renovated house. Included in the photos are some of the one and only vacant unit, but all units look relatively similar. All units have separate Gas and Electric meters with their own furnaces as well. Tenants pay their own utilities. Monthly income potential when it gets back to fully occupied is $4800 ($57,600 annually). Owner pays water and trash.
Renovations: Include swapping out older furnaces, hot water tanks, flooring, paint, new light fixtures, and updating appliances as needed.
Location
State MI
County Lapeer
Area Lapeer
Zoning Multi-Family
Interior
Heating Forced Air
Cooling Wall Unit(s)
Exterior
Waterfront no
Roof Type Asphalt
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Vinyl
Schools
School District Lapeer
Others
Acceptable Financing Cash,Conventional,FHA,VA
Listing Terms Cash,Conventional,FHA,VA