Properties for sale in Michigan

Overview

Description

Exceptional investment opportunity featuring two separate rental buildings with multiple income streams and excellent value-add potential. The front building offers two 2-bedroom, 1-bath apartments, with the upper unit currently leased at $900 per month and the lower unit vacant, providing the opportunity for immediate rental income or owner occupancy. The rear building consists of six individual rental rooms, with a shared kitchen, full bath, separate half bath, and on-site laundry facilities. All rear units are currently vacant, giving a new owner the flexibility to establish market rents and select new tenants from the start. Numerous recent improvements have already been completed, including exterior updates to the front building, a partial roof replacement on the front, a new roof on the rear, new sewer line, updated kitchen and bathroom in the upper apartment, updated electrical and furnace in the rear building, along with exterior repairs. Don't miss this opportunity!

Location Property Info

County: Berrien
State: MI
Zip Code: 49022

General Property Info

Lot Measurement: Acres
Lot Square Footage: 73616
Lot Acres: 1.69
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: 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

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: 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: 5+ Units
Municipality: St. Joseph Twp
Ownership Type: Private Owned

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 40.71

Remarks & Misc

Public Remarks: Exceptional investment opportunity featuring two separate rental buildings with multiple income streams and excellent value-add potential. The front building offers two 2-bedroom, 1-bath apartments, with the upper unit currently leased at $900 per month and the lower unit vacant, providing the opportunity for immediate rental income or owner occupancy. The rear building consists of six individual rental rooms, with a shared kitchen, full bath, separate half bath, and on-site laundry facilities. All rear units are currently vacant, giving a new owner the flexibility to establish market rents and select new tenants from the start. Numerous recent improvements have already been completed, including exterior updates to the front building, a partial roof replacement on the front, a new roof on the rear, new sewer line, updated kitchen and bathroom in the upper apartment, updated electrical and furnace in the rear building, along with exterior repairs. Don't miss this opportunity!
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

Benton Harbor, MI 49022