$425,000
COMING SOON

Estimated payment $2,994/month

-- Bed
2 Baths
2,041 Sq Ft
0.27 Acre Lot

About This Home

Looking for a premier investment property in Brighton, MI? This cash-flowing multifamily duplex is perfectly positioned just a short walk to the Mill Pond and popular shops and restaurants in downtown Brighton. The financials on this two-story farmhouse-style income property work beautifully right out of the gate. The building features two existing rental units, each with its own separate private entrance. Electric and Gas utilities are completely split, as the property is already equipped with two furnaces and two hot water heaters. The biggest draw for real estate investors is the massive value-add potential. The city building department has indicated it might be possible to convert the attached 4 car garage space into a brand-new two-bedroom, two-bathroom apartment. Completing this build-out would add an estimated $1,850 a month to your rent roll, completely transforming your cap rate and forcing serious equity into the building.The property sits on a spacious 0.27-acre fenced lot in Livingston County. There is no shortage of tenant parking, featuring an oversized parking pad alongside two additional driveways. Whether you want a turnkey rental property for steady passive income or want to tackle the garage conversion to maximize your cash flow, this downtown Brighton real estate investment makes perfect sense.

Listing Agent

Charles Younkin

Real Broker, LLC License #6501435139

Real Broker, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1900

Lot Details

  • 11,761 Sq Ft Lot
  • Lot Dimensions are 76x152
  • Back Yard Fenced

Parking

  • 5 Car Garage

Home Design

  • Block Foundation
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2,041 Sq Ft Home
  • Basement
  • Michigan Basement
  • Washer and Gas Dryer Hookup

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Well

Listing and Financial Details

  • Assessor Parcel Number 1830100030

Community Details

Overview

  • 2 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,134

Year Built

Built in 1900

Lot Details

0.27 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Year Built: 1900
  • State Equalized Value: 167800.00
  • Pets Allowed: Yes
  • Property Sub Type: MultiFamily
  • LotSizeAcres: 0.27
  • Co List Office Mls Id: 431497
  • Above Grade Finished Sq Ft: 2041.00
  • Living Area: 2041.00
  • ClassName: ResidentialIncome
  • Special Features: ComingSoon

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Full Bathrooms: 2

Exterior Features

  • Waterfront: No
  • Foundation Details: Basement, Block, MichiganBasement
  • Construction Materials: AluminumSiding
  • Road Frontage Type: Paved
  • Sideof Street: S
  • Fencing: BackYard, FencingAllowed
  • Disclosures: ProjectedIncome, TaxesNotHomesteadExempt
  • Roof: Asphalt

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 5.00

Utilities

  • Cooling: WindowUnits
  • Heating: ForcedAir, NaturalGas
  • Sewer: PublicSewer
  • Water Source: Well
  • Laundry Features: GasDryerHookup, WasherHookup
  • Electric: CircuitBreakers
  • Utilities: UndergroundUtilities

Fee Information

  • Operating Expense: 12600.00

Schools

  • Junior High Dist: Brighton

Lot Info

  • Lot Dimensions: 76X152
  • Parcel Number: 1830100030
  • Land Lease Expiration Date: 2026-10-14
  • Zoning Description: MultiFamily

Rental Info

  • Rent Includes: Sewer, Water
  • Monthly Rental Income: 2975.00

Tax Info

  • Tax Amount Summer: 7272.00
  • Tax Amount Winter: 862.00
  • Tax Annual Amount: 8134.00

Multi Family

  • Gross Scheduled Income: 35700.00
  • Number Of Units Total: 2
  • Above Grade Finished Area Units: SquareFeet

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,272 $160,400 $0 $0
2024 $7,064 $142,900 $0 $0
2023 $5,245 $136,300 $0 $0
2022 $5,846 $142,700 $0 $0
2021 $5,846 $141,000 $0 $0
2020 $5,800 $146,800 $0 $0
2019 $5,730 $142,700 $0 $0
2018 $5,286 $123,000 $0 $0
2017 $5,183 $118,600 $0 $0
2016 $5,142 $107,900 $0 $0
2014 $5,092 $88,910 $0 $0
2012 $5,092 $88,880 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/15/2023 10/15/23 Sold $375,000 -6.2% $184 / Sq Ft View Prior Sale
09/06/2023 09/06/23 Pending -- -- --
06/28/2023 06/28/23 For Sale $399,900 -- $196 / Sq Ft
Source: Realcomp

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Contract Of Sale -- None Listed On Document
Quit Claim Deed -- --
Warranty Deed $180,000 --
Source: Public Records

About the Listing Agent

Charles Younkin

Real Broker, LLC

(810) 428-0302

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With over three decades of experience in real estate investment and a commendable career in law enforcement, I bring a unique blend of discipline, insight, and integrity to the real estate industry. Starting my journey as a realtor in January 2021, after retiring as a police officer with 28 years of service in 2022, I have dedicated myself to serving those who serve us—first responders, front line workers, and military personnel.

My real estate career is built on a foundation of trust

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Source: Realcomp

MLS Number: 20261058496

Realcomp

APN: 18-30-100-030

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