206 S Oak St Sheridan, MI 48884
Estimated payment $1,355/month
Highlights
- 1 Fireplace
- Forced Air Heating System
- High Speed Internet
- Corner Lot: Yes
- Baseboard Heating
- Wood Siding
About This Home
Turnkey Duplex Investment Opportunity in Sheridan, MI!
Don't miss this duplex in the heart of Sheridan with strong rental history & reliable income. Each unit features 2 bedrooms & 1 full bath, with separate entrances & utilities. Tenants pay electric and are on month to month leases, generating a gross income of $18,888/year.
Recent updates include a renovated upper unit in 2023 & a lower unit refresh in 2021. The property boasts a durable metal roof (approx. 5 years old) and a freshly painted exterior (2024), ensuring minimal maintenance for years to come.
Ample on-site parking & added lifestyle value with Pearl Lake park located within a few minutes walk. Whether you're expanding your investment portfolio or house hacking, this property is a smart, income-generating choice. Can be purchased as a package with 190 E Sidney 25020948 and 133 N Camburn 25020947
Listing Agent
Berkshire Hathaway HomeServices Michigan Real Estate (South) License #6501388457 Listed on: 05/10/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,014
Year Built
- Built in 1900
Lot Details
- 0.25 Acre Lot
- Lot Dimensions are 66x165
- Corner Lot: Yes
Home Design
- Metal Roof
- Wood Siding
- Concrete Siding
Interior Spaces
- 1 Fireplace
- Basement
- Michigan Basement
Parking
- 4 Parking Spaces
- Gravel Driveway
Location
- Mineral Rights Excluded
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Baseboard Heating
- Natural Gas Connected
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- The owner pays for trash collection, water, sewer
Community Details
Overview
- 2 Units
Building Details
- Insurance Expense $883
- Maintenance Expense $3,171
- Utility Expense $744
- Operating Expense $4,798
- Gross Income $18,588
- Net Operating Income $13,790
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 | $2,017 | $59,200 | $0 | $0 |
| 2024 | $2,132 | $58,200 | $0 | $0 |
| 2023 | -- | $49,600 | $0 | $0 |
| 2022 | -- | $43,300 | $0 | $0 |
| 2021 | -- | $40,000 | $0 | $0 |
| 2020 | -- | -- | $0 | $0 |
| 2019 | -- | -- | $0 | $0 |
| 2018 | -- | -- | $0 | $0 |
| 2017 | -- | -- | $0 | $0 |
| 2016 | -- | -- | $0 | $0 |
| 2015 | -- | -- | $0 | $0 |
| 2014 | -- | -- | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/10/2025 05/10/25 | For Sale | $215,000 | +186.7% | -- |
| 12/22/2021 12/22/21 | Sold | $75,000 | -8.3% | -- |
| 11/14/2021 11/14/21 | Pending | -- | -- | -- |
| 09/10/2021 09/10/21 | For Sale | $81,818 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Chicago Title | |
| Deed | -- | -- | |
| Deed | $70,000 | -- | |
| Deed | $35,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $228,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $35,386 | Unknown |
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 25020949
APN: 044-082-011-00
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