$175,000
$179,900
2.7%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
2 Baths
1,896 SqFt
SOLD DATE : 09/13/2023
Key Details
Sold Price $175,000
Property Type Multi-Family
Sub Type Ranch
Listing Status Sold
Purchase Type For Sale
Square Footage 1,896 sqft
Price per Sqft $92
Subdivision Mary Carroll No 1
MLS Listing ID 20230056347
Sold Date 09/13/23
Style Ranch
Bedrooms 1
Full Baths 2
Originating Board Realcomp II Ltd
Year Built 1954
Annual Tax Amount $1,504
Lot Size 0.420 Acres
Acres 0.42
Lot Dimensions 117X117X170X170
Property Description
Amazing opportunity on this DUPLEX with income producing ability. This 3 bedroom home on a partial basement also comes with a studio apartment off the back. Apartment easily rents for $600+ per month. Main home currently rents for $900 but could be much more too. Live in main home and use the tenants $600 to pay off your mortgage decades ahead of schedule or as positive cash flow each month to help with your living expenses. Currently both units are tenant occupied but would be empty by closing. Home has hardwood flooring and large open living room. Main home has a 1.5 car garage attached which gives you space for storage and your car. Partial basement in main home where laundry is at. Rest of house is on crawlspace that was professionally sealed. Super large driveway for maximum parking and turning around. Great location close to town but just outside city limits for lower taxes and no Lapeer city rules. Both units metered separately for electric but share the natural gas heat bill. The home does need some updating given it is a rental home currently but it is priced accordingly. Seller paid commissions total 3% and are split with any buyers agent. However, seller is only paying for work associated with buying this one home--not for work the buyer had requested done at other homes previously. So Buyer is responsible for the additional cost of the agent services they chose to hire for any amount should their agent require more than 1.5% commission.
Location
State MI
County Lapeer
Area Mayfield Twp
Zoning Multi-Family
Direction 24 TO HOUSE
Rooms
Basement Unfinished
Interior
Heating Hot Water
Fireplace no
Heat Source Natural Gas
Exterior
Exterior Feature Private Entry
Garage Spaces 2.0
Waterfront no
Roof Type Asphalt
Porch Deck, Porch
Road Frontage Paved
Garage yes
Building
Foundation Crawl, Basement
Sewer Septic Tank (Existing)
Water Well (Existing)
Architectural Style Ranch
Level or Stories 1 Story
Structure Type Vinyl
Schools
School District Lapeer
Others
Pets Allowed No
Tax ID 01432105300
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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