408 E Exchange St Owosso, MI 48867
Estimated payment $1,657/month
Highlights
- Covered Patio or Porch
- Outdoor Storage
- Private Entrance
- Side by Side Parking
- Forced Air Heating System
- Laundry Facilities
About This Home
Four unit rental house. Turn key investment. Live in one and rent the others. No smoking/no pets rental house. Convenient location, coin W/D in basement accessible to all units, 2 driveways. Units 1 & 3 pay their own electric/cable/wifi. Unit 4 all utilities included. Owner pays water/sewer, heat, trash & lawn maint. Storage cabinets in basement for tenant use, Boiler heat. Each unit's sq ft is estimated.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,684
Year Built
- Built in 1900
Lot Details
- 8,712 Sq Ft Lot
- Lot Dimensions are 66x132
- Private Entrance
- Back Yard Fenced
Parking
- 4 Car Garage
- Carport
- Side by Side Parking
- Driveway
- Additional Parking
- On-Street Parking
- Assigned Parking
Home Design
- Brick Foundation
- Combination Foundation
- Shingle Roof
- Aluminum Siding
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2,506 Sq Ft Home
- 2-Story Property
- Window Treatments
Flooring
- Carpet
- Vinyl
Basement
- Shared Basement
- Laundry in Basement
Outdoor Features
- Covered Patio or Porch
- Outdoor Storage
Location
- City Lot
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Water Heater
- High Speed Internet
- Cable TV Available
Community Details
Building Details
- Electric Expense $3,180
- Insurance Expense $2,507
- Maintenance Expense $335
- Other Expense $500
- Water Sewer Expense $1,594
- New Taxes Expense $4,737
- Operating Expense $12,853
- Net Operating Income $24,047
Additional Features
- 4 Units
- Laundry Facilities
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 | $4,642 | $95,500 | $0 | $0 |
| 2024 | $4,642 | $88,000 | $0 | $0 |
| 2023 | $2,061 | $78,800 | $0 | $0 |
| 2022 | $4,471 | $71,500 | $0 | $0 |
| 2021 | $2,992 | $60,400 | $0 | $0 |
| 2020 | $3,047 | $56,100 | $0 | $0 |
| 2019 | $2,993 | $46,600 | $0 | $0 |
| 2018 | -- | $46,300 | $0 | $0 |
| 2017 | -- | $45,400 | $0 | $0 |
| 2016 | -- | $45,400 | $0 | $0 |
| 2015 | -- | $45,100 | $0 | $0 |
| 2014 | -- | $43,700 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2025 07/17/25 | Price Changed | $240,000 | -4.0% | $96 / Sq Ft |
| 05/14/2025 05/14/25 | Price Changed | $250,000 | -2.0% | $100 / Sq Ft |
| 04/18/2025 04/18/25 | For Sale | $255,000 | +18.6% | $102 / Sq Ft |
| 06/30/2021 06/30/21 | Sold | $215,000 | -9.6% | $86 / Sq Ft |
| 04/30/2021 04/30/21 | Pending | -- | -- | -- |
| 04/15/2021 04/15/21 | For Sale | $237,900 | +851.6% | $95 / Sq Ft |
| 03/15/2013 03/15/13 | Sold | $25,000 | -37.3% | $10 / Sq Ft |
| 03/06/2013 03/06/13 | Pending | -- | -- | -- |
| 01/03/2013 01/03/13 | For Sale | $39,900 | -- | $16 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $215,000 | Ata National Title Group | |
| Deed | $25,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Sheriffs Deed | $96,099 | -- | |
| Sheriffs Deed | $96,099 | -- | |
| Warranty Deed | $112,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $157,500 | New Conventional | |
| Previous Owner | $100,800 | Fannie Mae Freddie Mac |
Source: Greater Lansing Association of Realtors®
MLS Number: 287471
APN: 050-666-000-012-00
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