Properties for sale in Michigan

Overview

Description

Great income-producing investment opportunity with two separate rental buildings and strong upside potential. The front house features two 2-bedroom, 1-bath units with the upper unit currently leased at $900/month and the lower unit vacant, allowing immediate additional rental income. The rear building includes six individual rental rooms, shared kitchen, communal full bath, plus a half bath with laundry. Current rents total $2,450/month, not including the vacant unit or three empty rooms, leaving room for increased cash flow. Many updates completed including exterior improvements to the front house, partial roof replacement on the front house, new roof on the rear building, full sewer line replacement, updated kitchen and bath in the upper unit, and updated furnace and electrical in the rear building. Land Contract financing may be possible. Call for your private showing today!

Location Property Info

County: Berrien
Street #: 1298
Street Name: Colfax
Suffix: Avenue
State: MI
Zip Code: 49022
Zip (4): 5910

General Property Info

Lot Measurement: Acres
Lot Square Footage: 66231
Lot Acres: 1.52
Lot Dimensions: 223 x 297
Year Built: 1887
New Construction: No
Financial Available: Yes
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2027-02-25
Road Frontage: 223
Total # Units: 8
# of Diff Unit Floor Plans: 8
Total # Bldgs: 2
Total Approx. SqFt All Bldgs: 5288
Total Parking Spaces: 7
Waterfront: No
School District: Benton Harbor
Association YN: No
Basement: Yes

Tax Info

Tax ID #: 11-18-0125-0006-00-6
Taxable Value: 105368
SEV: 119500
For Tax Year: 2024
Seller's Annual Property Tax: 6884
Tax Year: 2024
Spec Assessment & Ty: None Known
Homestead %: 0

Remarks Misc

Directions: From Napier Ave, turn north on Colfax Ave. Home will be on your left.

Waterfront Options

Water Access Y/N: No

More Information

Access Feat

Accessibility Features: No

Unit 1

Unit #: Yes
Unit Description: Main level house
SqFt: 1096
Occupied: No
Monthly Rent: 1150
Bathrooms: Yes
Full Baths: Yes
Range Oven: Yes
Refrigerator: Yes

Unit 2

Unit #: 2
Unit Description: Upper level house
SqFt: 822
Occupied: Yes
Monthly Rent: 1100
Bathrooms: Yes
Full Baths: Yes

Unit 3

Unit #: 3
Unit Description: Room rental
SqFt: 225
Occupied: Yes
Monthly Rent: 450
Bathrooms: 2
Full Baths: Yes
Half Baths: Yes

Unit 4

Unit #: 4
Unit Description: Room rental
SqFt: 225
Occupied: Yes
Monthly Rent: 500

Unit 5

Unit #: 5
Unit Description: Room rental
SqFt: 225
Occupied: Yes
Monthly Rent: 600

Unit 6

Unit #: 6
Unit Description: Room rental
SqFt: 225
Occupied: No
Monthly Rent: 500

Unit 7

Unit #: 7
Unit Description: Room rental
SqFt: 225
Occupied: No
Monthly Rent: 500

Unit 8

Unit #: 8
Unit Description: Room rental
SqFt: 225
Occupied: No
Monthly Rent: 500

Location & Property Info

Cross Streets: Seneca Rd & Windsor Rd
Property Sub-Type: 5+ Units
Municipality: St. Joseph Twp
Ownership Type: Private Owned

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 49.15

Remarks & Misc

Public Remarks: Great income-producing investment opportunity with two separate rental buildings and strong upside potential. The front house features two 2-bedroom, 1-bath units with the upper unit currently leased at $900/month and the lower unit vacant, allowing immediate additional rental income. The rear building includes six individual rental rooms, shared kitchen, communal full bath, plus a half bath with laundry. Current rents total $2,450/month, not including the vacant unit or three empty rooms, leaving room for increased cash flow. Many updates completed including exterior improvements to the front house, partial roof replacement on the front house, new roof on the rear building, full sewer line replacement, updated kitchen and bath in the upper unit, and updated furnace and electrical in the rear building. Land Contract financing may be possible. Call for your private showing today!
Legal: COM 2466.95' S OF NE COR SEC 25 T4S R19W TH S 223.1' (REC AS 222.75') TH W 330' TH N 223.1' (REC AS 222.75') TH E 330' TO BEG

Lot Description

Ravine: Yes
Wooded: Yes

Street Type

Paved: Yes
Public: Yes

Util Avail at Street

Cable Available: Yes

Utilities Attached

Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes
Land Contract: Yes

Mineral Rights

Unknown: Yes

Laundry Features

Common Area: Yes
Main Level: Yes

Exterior Material

Brick: Yes
Wood Siding: Yes

Roofing

Composition: Yes
Rubber: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Air Conditioning

None: Yes

Tenant Pays

None: Yes

Driveway

Paved: Yes

Substructure

Full: Yes
Slab: Yes

Extras

Laundry Facility: Yes

Owner Pays

Electricity: Yes
Gas: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Possession

Close Of Escrow: Yes

Property Features

Laundry Features: Common Area; Main Level Exterior Material: Brick; Wood Siding Roofing: Composition; Rubber Substructure: Full; Slab Lot Description: Ravine; Wooded Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at Street: Cable Available Extras: Laundry Facility Owner Pays: Electricity; Gas; Sewer; Trash Collection; Water Tenant Pays: None Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: None Driveway: Paved Street Type: Paved; Public Mineral Rights: Unknown Terms Available: Cash; Conventional; Land Contract Possession: Close Of Escrow Sale Conditions: None Unit 1: Range Oven; Refrigerator

1298 Colfax Avenue, Benton Harbor, MI 49022