$340,000
$349,900
2.8%For more information regarding the value of a property, please contact us for a free consultation.
4 Baths
2,145 SqFt
SOLD DATE : 08/29/2025
Key Details
Sold Price $340,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,145 sqft
Price per Sqft $158
Subdivision Mi
MLS Listing ID 60390802
Sold Date 08/29/25
Full Baths 3
Half Baths 1
Year Built 1960
Annual Tax Amount $5,560
Lot Size 0.690 Acres
Acres 0.69
Lot Dimensions 155.00 x 194.00
Property Sub-Type Multi-Family
Property Description
*Updated Listing* SUPERIOR income property with TONS of improvement value, and more still remaining, with incredible instant equity available and a 19.6% cash on cash return. Zoned Class C (Commercial), R-60 (permissible for two family dwellings), maximize this investment as a multi unit residence in a prime time location! Situated on 3/4 of an acre, next to M-59 and major freeways, this completely fenced in property - with a boat gate - is comparable to no other, with all major shopping, travel and commute paths in easily accessible range. This beautifully wooded property feels like the country, situated in the center of the major community river walk renovation (state and federally funded), with a location that is about to boom, meaning huge returns on investment for any type of investor! Finish this property and generate $63,000 yearly 3,353 SF colonial/split ranch includes six bedrooms, two kitchens, and a partial kitchenette, three and a half baths, three laundry rooms and three separate entrance/exit points. Updated electrical, plumbing, new furnace, 30 year roof, new flooring, high end casement windows, new butcher block countertops and much, much, much more! Unit #2 is a ranch style that has 3 bedrooms (or two bedrooms and an office), with built in deep shiplap storage cabinets, one bathroom, including a jet whirlpool tub, a full kitchen with cantilevered butcher block for barstool seating, and laundry room with stackable washer and dryer. Unit #1 is a split level ranch and colonial, with three bedrooms, one and a half bathrooms, dining room, and a full workable kitchen and unfinished laundry room. Downstairs has a fully functional washer and dryer, bathroom sink and toilet (with an unfinished shower), partial kitchenette, access to all panels, meters, and furnace. Ductwork is split for two (or three) zones. Turn your investment into immediate income, or occupy one unit and rent out the other, while you make the finishing touches to this home into your perfect dream!
Location
State MI
County Macomb
Area Sterling Heights (50012)
Zoning Mixed Use
Rooms
Basement Block, Partially Finished
Interior
Heating Forced Air
Cooling Central A/C
Fireplace No
Exterior
Exterior Feature Aluminum, Brick
Amenities Available Laundry Facility, Private Entry
Building
Foundation Basement, Crawl
Water Public Water
Structure Type Aluminum,Brick
Schools
School District Utica Community Schools
Others
Assessment Amount $529
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional,FHA,FHA 203K
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