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Kristine Ludy

kristine@realtorsinmichigan.com +1(248) 704-9922

$259,900

Est. payment - /mo

5,288 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 5,288 sqft

Price per Sqft $49

MLS Listing ID 69026008632

Year Built 1887

Lot Size 1.520 Acres

Acres 1.52

Property Sub-Type MultiFamily

Property 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

State MI

County Berrien

Area Area94061Stjosephtwp

Rooms

Basement Full

Interior

Heating Forced Air, Natural Gas

Fireplace No

Laundry CommonArea, MainLevel

Exterior

Parking Features Paved

Utilities Available ElectricityConnected, NaturalGasConnected

View Y/N No

Roof Type Composition, Rubber

Building

Lot Description HillyRavine, Wooded

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Benton Harbor

Others

Acceptable Financing Cash, Contract, Conventional

Listing Terms Cash, Contract, Conventional

Special Listing Condition Standard

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Listed by Van Homes Team of eXp Realty

NEARBY SCHOOLS & PROPERTIES

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Kristine Ludy

+1(248) 704-9922

Agent | License ID: 6501431660

Agent License ID: 6501431660

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1298 Colfax AVE St. Joseph Twp, MI 49022

Kristine Ludy

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION

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1298 Colfax AVE