$320,000

505 Garden Ln Fowlerville, MI 48836

Estimated payment $2,174/month

Total Views 298
4 Beds
4 Baths
2,208 Sq Ft
$145 Price per Sq Ft

Highlights

  • Colonial Architecture
  • Covered patio or porch
  • Ceiling Fan
  • Deck
  • Forced Air Heating and Cooling System
  • 3 Car Garage

About This Home

**Excellent opportunity to own a long term solid 2 unit investment property**One unit currently leased, allowing you to put your own tenant in the other unit and set your own monthly rate**Are you just starting out, or downsizing? Why not live in one unit and lease the other one?**Townhouse style units featuring 1.5 baths each, large and open living room/kitchen area, with doorwall to deck, 1/2 bath, laundry area and access to garage complete the first floor(s)**The second floor(s) each have 2 generous sized bedrooms and full bath**Ceiling fans throughout, Most Mechanicals and appliances have all been replaced within the past 10 years (see attached list),**All utilities, including water and sewer are metered separately and paid by tenants**Short distance to downtown, shopping and local eateries**DO NOT APPROACH PROPERTY WITHOUT AN APPOINTMENT AND ACCOMPANIED BY A REAL ESTATE AGENT**

Listing Agent

Laura Toms

Century 21 Affiliated License #6502422265 Listed on: 07/19/2025

Century 21 Affiliated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1992

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 80x125

Parking

  • 3 Car Garage

Home Design

  • Duplex
  • Colonial Architecture
  • Traditional Architecture
  • Farmhouse Style Home
  • Slab Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,208 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Outdoor Features

  • Deck
  • Covered patio or porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0515201051

Community Details

Overview

  • 2 Units
  • Assrs 4 Vill Of Fowlerville Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,824

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial, Duplex, Farmhouse, Townhouse, Traditional
  • Architecture Level: 2 Story
  • Year Built: 1992
  • State Equalized Value: 104854.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Circuit Breakers, Laundry Facility
  • Total Bathrooms: 2.20
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Sq Ft Combined: 2208
  • Total Sq Ft: 2208

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Slab
  • Construction Materials: Vinyl
  • Porch Type: Porch - Covered, Deck, Porch, Covered
  • Road Frontage Type: Paved
  • Sideof Street: S

Garage/Parking

  • Garage: Yes
  • MF Parking: Garage, Paved
  • Total Parking Spaces: 3

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air, Separate Meter
  • Heating: Forced Air, Separate Meters
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Fee Information

  • Operating Expense: 7500.00

Schools

  • School District: Fowlerville

Lot Info

  • Lot Size Area: 0.23
  • Lot Dimensions: 80X125
  • Parcel Number: 0515201051
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Snow Removal, Trash Collection, Yard Maintenance
  • Monthly Rental Income: 2500

Tax Info

  • Tax Amount Summer: 3692.0000
  • Tax Amount Winter: 1132.0000
  • Total Tax: 4824.0000
  • Taxable Value: 80946.0000

Multi Family

  • Gross Scheduled Income: 30000.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 1

MLS Schools

  • School District: Fowlerville

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2024 $3,692 $107,655 $0 $0
2023 $2,297 $102,039 $0 $0
2022 $3,116 $93,375 $0 $0
2021 $3,116 $89,510 $0 $0
2020 $2,027 $90,640 $0 $0
2019 $4,042 $95,110 $0 $0
2018 $5,277 $68,990 $0 $0
2017 $3,864 $68,990 $0 $0
2016 $3,833 $67,770 $0 $0
2014 $3,582 $64,100 $0 $0
2012 $3,582 $61,750 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2025 07/19/25 For Sale $320,000 -- $145 / Sq Ft
Source: Realcomp

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- --
Quit Claim Deed -- --
Deed $102,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $61,750 Future Advance Clause Open End Mortgage
Previous Owner $163,000 Credit Line Revolving
Previous Owner $71,400 New Conventional
Source: Public Records

About the Listing Agent

Laura Toms

Century 21 Affiliated

(517) 948-5559

Section Image

Real Estate is my passion! I have been a licensed Realtor with Century 21 since 1986. In an effort to provide the best service possible to my clients, I continually educate myself, beyond the required continuing education. My designations include MCNE, SRES, PSA, MRP, CNE, SRS, and PSA. I am well versed at managing every aspect of Real Estate related sales, including Relocation, SFR, VAC, COM, MF, both REO and private owner. I have managed marketing and sales of REO/USDA Chase since 2002 and

Laura's Other Listings

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  • 39 1st St, Oxford, MI 48371

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    **Why pay HOA fees, when you could own this Sweet little maintenance free Condo/apartment alternative**Open floor plan makes this home feel much larger than it's actual square footage number**Laminate flooring with cork underlayment, updated kitchen and bath**Huge yard, the back half is fenced, includes Tuff Shed, trex deck and patio**You will just love the super convenient location, just minutes

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  • 11135 Maple Ridge Way, Roscommon, MI 48653

    $222,000 Under Contract

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    **The peace and tranquility of this wooded setting is good for your soul**Year round living or convenient get-away**Located just minutes away from Grayling, and the crystal clear sparkling waters of Higgins lake, close to snowmobile and ATV trails. This property is within a close proximity of all things "Up North" Michigan**Charming and inviting home featuring updated kitchen and bathrooms

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  • 000 Garrett Dr, Handy Township, MI 48836

    $190,000 Sold Jun 03, 2025

    • Land
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  • 3090 Mason Rd, Howell, MI 48843

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  • 415 Railroad St, Howell, MI 48843

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  • 109 E Caledonia St, Howell, MI 48843

    $335,000 Sold Apr 02, 2025

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    **This could be just the perfect home you've been searching for**Award winning Howell city location, offering easy access to the many downtown activities, festivals, establishments, and parks, plus private neighborhood access to Howell city park**1st floor primary bedroom, large kitchen with dining area,**Enjoy relaxing on your deck with awing, overlooking natural area, and nice backyard, Recent

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Source: Realcomp

MLS Number: 20251016945

Realcomp

APN: 05-15-201-051