Properties for sale in Michigan

Overview

Description

Exceptional investment opportunity with multiple income streams and significant upside potential! This unique property features two separate rental buildings on one parcel. The front building includes two 2-BR, 1-bath apts, with the upper unit currently leased at $900/mo and the lower unit vacant, offering the flexibility to generate additional rental income immediately or occupy the unit yourself. The rear building features multiple bedrooms, 1.5 baths, kitchen & laundry, creating additional income possibilities. Numerous capital improvements have already been completed, including exterior updates & partial roof replacement on the front building, a brand-new roof and updated electrical, furnace, and exterior repairs to the rear building, new sewer line to the street, updated kitchen and bathroom in the upper apartment. Whether you're looking to expand your investment portfolio or capitalize on a property with strong cash-flow potential, this is an opportunity you don't want to miss!

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: 73616
Lot Acres: 1.69
Lot Dimensions: 233 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: 5
# of Diff Unit Floor Plans: 3
Total # Bldgs: 2
Total Approx. SqFt All Bldgs: 6384
Total Parking Spaces: 8
Waterfront: No
School District: Benton Harbor
Association YN: No
Basement: Yes

Tax Info

Tax ID #: 11-18-0125-0006-00-6
Taxable Value: 108212
SEV: 122900
For Tax Year: 2025
Seller's Annual Property Tax: 6884
Tax Year: 2025
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: 950
Bathrooms: Yes
Full Baths: Yes
Refrigerator: Yes

Unit 2

Unit #: 2
Unit Description: Upper Level House
SqFt: 822
Occupied: Yes
Monthly Rent: 900
Bathrooms: Yes
Full Baths: Yes
Range/Oven: Yes
Refrigerator: Yes

Unit 3

Unit #: 3
Unit Description: Back building
SqFt: 225
Occupied: No
Monthly Rent: 450
Bathrooms: 2
Full Baths: Yes
Half Baths: Yes

Unit 4

Unit #: 4
Unit Description: Back building
SqFt: 225
Occupied: No
Monthly Rent: 500

Unit 5

Unit #: 5
Unit Description: Back building
SqFt: 225
Occupied: No
Monthly Rent: 600

Location & Property Info

Cross Streets: Seneca Rd & Windsor Rd
Property Sub-Type: 2 to 4 Units
Municipality: St. Joseph Twp

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 40.4

Remarks & Misc

Public Remarks: Exceptional investment opportunity with multiple income streams and significant upside potential! This unique property features two separate rental buildings on one parcel. The front building includes two 2-BR, 1-bath apts, with the upper unit currently leased at $900/mo and the lower unit vacant, offering the flexibility to generate additional rental income immediately or occupy the unit yourself. The rear building features multiple bedrooms, 1.5 baths, kitchen & laundry, creating additional income possibilities. Numerous capital improvements have already been completed, including exterior updates & partial roof replacement on the front building, a brand-new roof and updated electrical, furnace, and exterior repairs to the rear building, new sewer line to the street, updated kitchen and bathroom in the upper apartment. Whether you're looking to expand your investment portfolio or capitalize on a property with strong cash-flow potential, this is an opportunity you don't want to miss!
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

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

Electric: Yes
Gas: Yes
Sewer: Yes
Trash: Yes
Water: 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: Electric; Gas; Sewer; Trash; Water Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: None Driveway: Paved Street Type: Paved; Public Mineral Rights: Unknown Terms Available: Cash; Conventional Possession: Close Of Escrow Sale Conditions: None Unit 1: Refrigerator Unit 2: Range/Oven; Refrigerator

1298 Colfax Avenue, Benton Harbor, MI 49022