808 Corunna Ave Owosso, MI 48867
Estimated payment $1,934/month
Highlights
- Covered Patio or Porch
- Double Pane Windows
- Forced Air Heating System
About This Home
This four-unit property offers an excellent opportunity to expand your rental portfolio. Each unit features a townhome layout with 3 bedrooms, 1.5 baths, and main-floor laundry hookups for tenant convenience. Three units are currently occupied, providing immediate income. The fourth unit is under construction, a blank canvas ready for customization or renovation to suit your preferred finishes and rental strategy. The property includes a large gravel parking lot at the rear, currently with two spaces assigned per unit. Located in a convenient area with access to local amenities, this property has strong rental potential and room for value-add improvements. Whether you're looking to increase cash flow, add value through renovations, or both, this property presents multiple paths for return on investment.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,909
Home Design
- Shingle Roof
- Aluminum Siding
Interior Spaces
- 3,600 Sq Ft Home
- 2-Story Property
- Double Pane Windows
Laundry
- Laundry on main level
- Laundry in Bathroom
- Washer and Electric Dryer Hookup
Basement
- Basement Hatchway
- Exterior Basement Entry
Parking
- 8 Parking Spaces
- Gravel Driveway
- Parking Lot
- Assigned Parking
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Gas Water Heater
Additional Features
- Covered Patio or Porch
- 0.39 Acre Lot
Community Details
Overview
- 4 Units
Building Details
- Insurance Expense $500
- Water Sewer Expense $3,637
- New Taxes Expense $4,907
- Net Operating Income $25,454
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 | $4,810 | $94,100 | $0 | $0 |
| 2024 | $4,810 | $86,700 | $0 | $0 |
| 2023 | $2,136 | $77,800 | $0 | $0 |
| 2022 | $3,369 | $71,000 | $0 | $0 |
| 2021 | $3,215 | $65,000 | $0 | $0 |
| 2020 | $3,275 | $62,300 | $0 | $0 |
| 2019 | $3,217 | $49,300 | $0 | $0 |
| 2018 | -- | $49,000 | $0 | $0 |
| 2017 | -- | $48,900 | $0 | $0 |
| 2016 | -- | $48,900 | $0 | $0 |
| 2015 | -- | $48,600 | $0 | $0 |
| 2014 | -- | $48,500 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/14/2025 08/14/25 | For Sale | $279,900 | -- | $78 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $160,000 | None Listed On Document | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $96,000 | New Conventional |
Source: Greater Lansing Association of Realtors®
MLS Number: 290490
APN: 050-011-019-003-00
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