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Listed by Keller Williams of NM Signature Group
$199,900
Est. payment /mo
3 Baths
2,960 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,960 sqft
Price per Sqft $67
MLS Listing ID 1942967
Style Ranch
Year Built 1964
Lot Size 0.420 Acres
Acres 0.42
Property Sub-Type Multi Family
Property Description
Well-Maintained Duplex Just Minutes from Campus – Ideal Investment Opportunity. This spacious and income-generating duplex is located in an incredibly convenient location, just a short walk or quick commute to the university campus. Whether you're an investor looking to expand your portfolio or a homeowner seeking a property with rental income potential, this property offers excellent flexibility and upside. Unit A features a generous layout with five well-sized bedrooms and two full bathrooms, making it ideal for larger student groups, roommates, or families who need extra space. The common areas are roomy and functional, and the layout allows for both privacy and shared living. Unit B is slightly more compact but still offers a comfortable and efficient design with four bedrooms and one full bathroom. It's perfect for smaller groups or individuals seeking affordable housing near campus. Both units are currently leased with reliable tenants in place. However, the rents are below current market value, creating an opportunity for increased cash flow and a stronger return on investment through future rent adjustments. Tenants are responsible for paying their own electricity and heating costs, which helps minimize the operating expenses for the owner. The owner covers trash service and water/sewer utilities, keeping things simple and predictable from a management standpoint. With its strong rental history, close proximity to the university, and significant potential for income growth, this duplex represents a rare chance to own a turnkey property in a high-demand area.
Location
State MI
Rooms
Basement Finished
Interior
Interior Features Cable TV, High Speed Internet
Heating Forced Air, Natural Gas
Fireplaces Type None
Fireplace false
Appliance Refrigerator, Oven/Range, Dishwasher, Washer, Dryer
Exterior
Exterior Feature None
Community Features None
Waterfront Description Public
Roof Type Asphalt
Garage false
Building
Sewer Public Sewer
Water Public
Architectural Style Ranch
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Kyle O'Grady
Team Leader, REALTOR® | License ID: 6501407456
Team Leader, REALTOR® License ID: 6501407456