189 Buchanan St Hudson, MI 49247
Estimated payment $3,469/month
Highlights
- 1 Fireplace
- High Speed Internet
- Wood Siding
- Forced Air Heating System
About This Home
Discover a rare and lucrative investment opportunity with this exceptional 6-unit rental property nestled in the heart of Hudson, Michigan. This unique multi-family dwelling sets itself apart by offering each unit a private basement, a highly sought-after feature providing tenants with invaluable storage and ensuring consistent occupancy. The property boasts a diverse mix of units, including three spacious 3-bedroom layouts with 1 full and 2 half bathrooms, and three comfortable 2-bedroom units, each with 1 full and 1 half bathroom. Recent updates, such as fresh flooring and paint, a modern on-demand hot water unit, and remodeled kitchens in select units, enhance the property's appeal and value. Benefit from a recently completed rental inspection, valid for three years, and explore numerous avenues to further increase rental income and maximize your return. Detailed financial documents are readily available, offering complete transparency for your due diligence. With Hudson's stable rental market and strong tenant demand, this property presents a fantastic opportunity to build long-term wealth and secure a valuable addition to your investment portfolio. Don't miss out on this one-of-a-kind property; schedule your showing today.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,674
Year Built
- Built in 1970
Lot Details
- 0.53 Acre Lot
- Lot Dimensions are 170x162
Home Design
- Composition Roof
- Wood Siding
Interior Spaces
- 1 Fireplace
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Parking
- 15 Parking Spaces
- Driveway
- Paved Parking
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- The owner pays for trash collection, water, sewer
Community Details
Overview
- 6 Units
Building Details
- Utility Expense $1,828
- Operating Expense $16,014
- Gross Income $63,400
- Net Operating Income $47,386
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $20,440 | $237,400 | $0 | $0 |
| 2023 | $17,809 | $192,200 | $0 | $0 |
| 2022 | $15,955 | $148,000 | $0 | $0 |
| 2021 | $8,057 | $148,300 | $0 | $0 |
| 2020 | $5,103 | $125,100 | $0 | $0 |
| 2019 | $261,381 | $131,000 | $0 | $0 |
| 2018 | $4,900 | $133,208 | $0 | $0 |
| 2017 | $4,863 | $136,380 | $0 | $0 |
| 2016 | $4,694 | $131,996 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/24/2025 04/24/25 | Price Changed | $499,900 | -4.8% | -- |
| 03/14/2025 03/14/25 | For Sale | $524,900 | +81.0% | -- |
| 09/02/2020 09/02/20 | Sold | $290,000 | -2.5% | $40 / Sq Ft |
| 08/28/2020 08/28/20 | Pending | -- | -- | -- |
| 09/20/2019 09/20/19 | For Sale | $297,500 | +2.6% | $41 / Sq Ft |
| 09/17/2019 09/17/19 | Off Market | $290,000 | -- | -- |
| 04/15/2019 04/15/19 | Price Changed | $297,500 | +2.6% | $41 / Sq Ft |
| 09/17/2018 09/17/18 | For Sale | $290,000 | -- | $40 / Sq Ft |
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 25009575
APN: XH0-752-9200-00
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