This 3-unit rental property is a fantastic investment opportunity. Monthly rental income is $1300. Tenants pay their own heat and electric. Landlord pays water and trash which average around $100 per month combined. Rate of return on this property just over 10% annually. The rent on one unit is rented below normal rate but that tenant handles property maintenance. Tenants are on a month-to-month contract. The owner has 3 other Owosso rental properties for sale.
Last Agent to Sell the Property
Re/max TriCounty License #SBR-6501372204 Listed on: 05/23/2022
$99,900
Duplex - Two-bedroom unit on the main level with washer/dryer hook-up and one-bedroom unit above. Upper-level rents for $475 including utilities. Fenced yard. Vinyl windows. Parking in rear. This property makes a great opportunity to live in one unit and earn extra income from renting the other unit. Additional updates include drywall, furnace, hot water heater, and electric panel! Estate
Morgan Beilfuss The Home Office Realty LLC
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $110,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $99,000 | New Conventional | |
| Closed | $82,500 | New Conventional |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2025 07/16/25 | Sold | $132,000 | +5.7% | $72 / Sq Ft |
| 06/08/2025 06/08/25 | Pending | -- | -- | -- |
| 06/08/2025 06/08/25 | For Sale | $124,900 | +13.5% | $68 / Sq Ft |
| 06/23/2022 06/23/22 | Sold | $110,000 | +0.1% | $60 / Sq Ft |
| 05/27/2022 05/27/22 | Pending | -- | -- | -- |
| 05/23/2022 05/23/22 | For Sale | $109,900 | -- | $60 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,609 | $58,900 | $0 | $0 |
| 2024 | $2,609 | $47,100 | $0 | $0 |
| 2023 | $1,158 | $42,200 | $0 | $0 |
| 2022 | $1,948 | $38,400 | $0 | $0 |
| 2021 | $1,859 | $35,500 | $0 | $0 |
| 2020 | $1,893 | $32,800 | $0 | $0 |
| 2019 | $1,860 | $28,500 | $0 | $0 |
| 2018 | -- | $28,400 | $0 | $0 |
| 2017 | -- | $28,000 | $0 | $0 |
| 2016 | -- | $28,000 | $0 | $0 |
| 2015 | -- | $27,700 | $0 | $0 |
| 2014 | -- | $27,500 | $0 | $0 |
S
Seller's Agent in 2025
Sada Mcniel
ERA Prime Real Estate Group
C
Seller Co-Listing Agent in 2025
Carter McNiel
ERA Prime Real Estate Group
B
Buyer's Agent in 2025
Bethany Gormont
Wentworth Real Estate Group
H
Seller's Agent in 2022
Howie Ebenhoeh
RE/MAX Michigan
N
Seller Co-Listing Agent in 2022
Nicole Devereaux
RE/MAX Michigan
Source: Michigan Multiple Listing Service
MLS Number: 50075429
APN: 050-660-017-003-00
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Source MLS: MiRealSource
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