Rare development opportunity near downtown Fenton with a newly remodeled multi family! This 4 unit investment property is a turn-key opportunity for investors looking for a hassle-free rental income stream. With each unit already equipped with high-quality appliances, this property is ready for immediate occupancy and rental. Zoned MHR - Medium High Density Residential with an opportunity to build additional units on the 181’ x 642’ lot (see aerial view picture with lot lines). Take advantage of this rare opportunity to own a fully furnished investment property and start generating passive income right away.
Last Agent to Sell the Property
Real Estate For A CAUSE License #6501344395 Listed on: 07/01/2024
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Est. Annual Taxes
Year Built
Lot Details
Parking
Home Design
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Utilities
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Listing and Financial Details
Overview
Pet Policy
$800,000
RARE DEVELOPMENT OPPORTUNITY NEAR DOWNTOWN FENTON! Investor alert!This Newly remodeled & fully furnished 4-unit multi-family property is a turn-key, income-producing gem just minutes from the heart of downtown Fenton. Each spacious unit comes fully furnished and equipped with high-end appliances, offering immediate cash flow and zero hassle for your next investment.Zoned MHR (Medium High
Katrin Mitri Tremaine Real Estate
$850,000
Five (5) unit apartment building on 21.59 acres with room for expansion. This property also has a 5,000 sq pole barn that has a concrete floor, electricity, spray foam insulation ($30,000), a bathroom, and an office. The pole barn is not rented and can provide extra income of approximately $2,500.00 per month. For additional income, there is also a billboard which currently receives $750.00
David Misko Van Esley Real Estate Inc
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $875,000 | None Listed On Document | |
| Warranty Deed | $475,000 | Cislo Title Company | |
| Warranty Deed | $475,000 | None Listed On Document | |
| Quit Claim Deed | -- | Cislo Title Co | |
| Warranty Deed | $200,000 | Cislo Title Co | |
| Interfamily Deed Transfer | -- | Cislo Title Co |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $475,000 | New Conventional | |
| Previous Owner | $196,000 | New Conventional | |
| Previous Owner | $74,165 | Unknown | |
| Previous Owner | $100,000 | Credit Line Revolving |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2025 07/17/25 | For Sale | $800,000 | -8.6% | $187 / Sq Ft |
| 03/25/2025 03/25/25 | Sold | $875,000 | -12.1% | $204 / Sq Ft |
| 01/24/2025 01/24/25 | Pending | -- | -- | -- |
| 07/01/2024 07/01/24 | For Sale | $995,000 | +109.5% | $232 / Sq Ft |
| 08/20/2021 08/20/21 | Sold | $475,000 | -13.6% | $111 / Sq Ft |
| 08/14/2021 08/14/21 | Pending | -- | -- | -- |
| 05/07/2021 05/07/21 | For Sale | $550,000 | -- | $128 / 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 |
|---|---|---|---|---|
| 2024 | $12,500 | $277,500 | $0 | $0 |
| 2023 | $11,915 | $241,800 | $0 | $0 |
| 2022 | $14,361 | $225,000 | $0 | $0 |
| 2021 | $5,510 | $133,100 | $0 | $0 |
| 2020 | $4,063 | $126,400 | $0 | $0 |
| 2019 | $4,447 | $129,900 | $0 | $0 |
| 2018 | $5,239 | $93,100 | $0 | $0 |
| 2017 | $10,488 | $188,800 | $0 | $0 |
| 2016 | $6,380 | $150,100 | $0 | $0 |
| 2015 | $6,471 | $140,900 | $0 | $0 |
| 2012 | -- | $100,000 | $100,000 | $0 |
Seller's Agent in 2025
Katrin Mitri
Tremaine Real Estate
(810) 444-0495
28 Total Sales
Seller's Agent in 2025
Joshua Lee
Real Estate For A CAUSE
(810) 423-3617
73 Total Sales
Seller's Agent in 2021
Charles Stoner
New Michigan Realty
(248) 361-6690
59 Total Sales
Source: Realcomp
MLS Number: 20240046910
APN: 53-25-100-046
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393