Estimated payment $2,134/month
Highlights
- Corner Lot
- Fenced Yard
- Forced Air Heating and Cooling System
About This Home
Welcome to this fantastic investment opportunity in a prime location! This 2-story 3 unit building features two spacious apartments upstairs, each 938 sqft with 2 bedrooms and 1 bath. The lower level is 1876 sqft currently being used as living quarters but can be reverted back to business use as store, retail, office and more, offering endless possibilities for additional income streams. Each unit provides a private entrance. Located in an area with high traffic counts and high visibility. This property is perfect for entrepreneurs looking to establish a business in a prime community. The apartments provide a steady rental income, making this property a lucrative investment for any savvy investor. CAP RATE 8% or more (current rent is well below area average). Land contract available. We will consider all reasonable offers. Huge lot would allow plenty of space for expansion. Tenant pays all utilities.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1942
Lot Details
- 0.65 Acre Lot
- Lot Dimensions are 144x187x27x223
- Fenced Yard
- Corner Lot
Parking
- 3 Car Parking Spaces
Home Design
- Slab Foundation
Interior Spaces
- 2-Story Property
Kitchen
- Oven or Range
- Freezer
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
- Separate Meters
- Gas Water Heater
- Septic Tank
Community Details
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 21-05-22-227-001
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 | $2,124 | $190,900 | $0 | $0 |
| 2024 | $1,339 | $165,100 | $0 | $0 |
| 2023 | $1,874 | $147,600 | $0 | $0 |
| 2022 | $1,874 | $138,500 | $0 | $0 |
| 2021 | $1,819 | $140,100 | $0 | $0 |
| 2020 | $1,682 | $153,500 | $0 | $0 |
| 2019 | $1,682 | $161,400 | $0 | $0 |
| 2018 | $1,607 | $108,600 | $0 | $0 |
| 2017 | $1,964 | $78,900 | $17,900 | $61,000 |
| 2016 | $1,940 | $78,900 | $0 | $0 |
| 2015 | -- | $89,916 | $0 | $0 |
| 2012 | -- | $46,151 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/17/2025 09/17/25 | Price Changed | $375,000 | -7.4% | $100 / Sq Ft |
| 08/28/2025 08/28/25 | For Sale | $405,000 | 0.0% | $108 / Sq Ft |
| 08/15/2025 08/15/25 | Pending | -- | -- | -- |
| 07/21/2025 07/21/25 | For Sale | $405,000 | -- | $108 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Michigan Multiple Listing Service
MLS Number: 50182366
APN: 21-05-22-227-001
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Source MLS: MiRealSource
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