HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?
Additional details
$ 275,000
Est. payment /mo
Active
5054 Gratiot AVE Saint Clair, MI 48079
6 Beds
5 Baths
3,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $91
MLS Listing ID 58050185537
Bedrooms 6
Full Baths 5
Year Built 1960
Lot Size 0.550 Acres
Property Sub-Type MultiFamily
Property Description
** Open House this Saturday 11/22, from 12:30-2pm!! ** Discover this updated, income-generating 5-unit apartment building-an exceptional opportunity for investors or entrepreneurs! Unit updates include flooring, fresh paint, updated closets, and bathroom upgrades. Recent major improvements include two 50-gallon hot water tanks and roof work (2024), a new well pump & pressure regulator, and a septic system that's professionally serviced annually. The property features three 1 bed/1 bath units, one 1+/1 unit, and one 2 bed/1 bath unit, plus a spacious 2.5-car garage with ample parking. With $3,650 in monthly rental income, lower township taxes, and natural gas only used for the furnace and hot water tanks-- this property is both profitable and efficient. Five separate electric meters add convenience for tenants and ease of management. Additional permitted uses expand the potential of this property even further! Consider operating a daycare center, bed & breakfast, senior day care facility, or even running your own business from the property. Ideally located just minutes from the expressway and downtown Marysville, within the desirable Marysville School District (St. Clair Township mailing address), this property offers privacy, accessibility, and multiple income opportunities. Contact the listing agent today for full details on this versatile investment!
Location
State MI
County Stclair
Area Area10171Stclairtwp
Rooms
Basement Block
Interior
Heating Electric, ForcedAir, NaturalGas, WallFurnace
Cooling WallWindowUnits
Exterior
Parking Features TwoandHalfCarGarage, Assigned2Spaces, Detached, Lighted
Garage Spaces 2.5
View Y/N No
Building
Foundation Block, Slab
Sewer SepticTank
Water Other, Well
New Construction No
Schools
School District Marysville
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
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Listed by Renee Bacon of KW Platinum