1298 Colfax Ave Benton Harbor, MI 49022
Fair Plain NeighborhoodEstimated payment $1,848/month
Highlights
- 1.69 Acre Lot
- No HOA
- Wood Siding
- Wooded Lot
- Forced Air Heating System
About This Home
Exceptional investment opportunity with multiple income streams and significant upside potential! This unique property features two separate rental buildings on one parcel. The front building includes two 2-BR, 1-bath apts, with the upper unit currently leased at $900/mo and the lower unit vacant, offering the flexibility to generate additional rental income immediately or occupy the unit yourself. The rear building features multiple bedrooms, 1.5 baths, kitchen & laundry, creating additional income possibilities. Numerous capital improvements have already been completed, including exterior updates & partial roof replacement on the front building, a brand-new roof and updated electrical, furnace, and exterior repairs to the rear building, new sewer line to the street, updated kitchen and bathroom in the upper apartment. Whether you're looking to expand your investment portfolio or capitalize on a property with strong cash-flow potential, this is an opportunity you don't want to miss!
Property Details
Home Type
- Apartment
Year Built
- Built in 1887
Lot Details
- 1.69 Acre Lot
- Lot Dimensions are 233 x 297
- Wooded Lot
Home Design
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
- Rubber Roof
- Wood Siding
Parking
- 8 Parking Spaces
- Paved Parking
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Cable TV Available
Additional Features
- 2 Bathrooms
- Laundry on main level
- Basement Fills Entire Space Under The House
Listing and Financial Details
- The owner pays for electricity, gas, sewer, trash collection, water
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 5 Units
- Property is near a ravine
Amenities
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $5,136 | $122,900 | $0 | $0 |
| 2025 | $6,884 | $119,500 | $0 | $0 |
| 2024 | $3,654 | $102,200 | $0 | $0 |
| 2023 | $2,447 | $101,500 | $0 | $0 |
| 2022 | $2,330 | $73,200 | $0 | $0 |
| 2021 | $3,030 | $76,000 | $19,800 | $56,200 |
| 2020 | $2,888 | $74,900 | $0 | $0 |
| 2019 | $2,837 | $62,800 | $9,400 | $53,400 |
| 2018 | $2,657 | $62,800 | $0 | $0 |
| 2017 | $2,613 | $62,900 | $0 | $0 |
| 2016 | $2,547 | $62,100 | $0 | $0 |
| 2015 | $2,540 | $58,900 | $0 | $0 |
| 2014 | $2,004 | $57,400 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/07/2026 08/07/26 | For Sale | $257,900 | +84.2% | -- | |
| 08/30/2023 08/30/23 | Sold | $140,000 | 0.0% | -- | View Prior Sale |
| 07/17/2023 07/17/23 | Price Changed | $140,000 | -15.2% | -- | |
| 06/28/2023 06/28/23 | For Sale | $165,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $140,000 | Chicago Title Of Michigan | |
| Deed | $97,500 | -- | |
| Deed | $57,500 | -- | |
| Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $98,000 | New Conventional |
Source: MichRIC
MLS Number: 26041256
APN: 11-18-0125-0006-00-6
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information is deemed reliable but not guaranteed.
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