About The Property

Fully rehabbed in 2018, this solid brick 2-flat offers a turnkey opportunity for investors or live-in owners. The building features a 3 bed / 1 bath unit and a 2 bed / 1 bath unit, both with updated finishes and spacious layouts. Shared laundry is located in the basement. Major systems-including roof, plumbing, electrical, and HVAC-were all replaced in 2018, minimizing future capital expenditures. The property is fully occupied, generating consistent income with the potential for future rent increases as the neighborhood continues to grow. A low-maintenance, cash-flowing asset-ideal for buyers seeking stability with long-term upside. Buyer has the ability to add legal third unit in basement. Good ceiling height with ingress and egress. OwnersRead MoreRead Less
Courtesy of Compass [email protected]
Listing Snapshot
Days Online
4
Last Updated
Property Type
Two To Four Units
Beds
5
Year Built
1898
MLS Number
MRD12327711
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Additional Details

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Appliances & Equipment
Equipment: "CO Detectors", "Ceiling Fan(s)", "Sump Pump"
Basement
"Unfinished", "Exterior Entry", "Full"
Building
Architectural Style: "Greystone", Construction Materials: "Brick", "Stone", Built in 1898, Rebuilt: No
Expenses
Electric: 306, Insurance: 1000, Water/Sewer: 1567
Heating
"Natural Gas", "Forced Air"
Lot
Dimensions: 25X125
Parking
Parking Total: 2, "On Site", "Owned"
Property
Zoning: MULTI
Sewer
"Public Sewer"
Utilities
Water Source: "Lake Michigan", "Public"
Taxes
Annual Taxes: $1,905, Year: 2023, Exemptions: None
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30 Days Snapshot Of 60624
$408k
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