23
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$275,000
Est. payment /mo
4 Baths
3,794 SqFt
Price Dropped by $24K
80619 Main Street Memphis, MI 48041
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,794 sqft
Price per Sqft $72
Subdivision Mi
MLS Listing ID 60986425
Style 2 Story
Full Baths 4
Year Built 1892
Annual Tax Amount $5,339
Lot Size 0.510 Acres
Acres 0.51
Lot Dimensions 74x216
Property Sub-Type Multi-Family
Property Description
Great investment opportunity to own a fourplex with strong income potential! This fourplex features two 2-bedroom units and two 1-bedroom units, with two units currently occupied - one renting for $950/month (lower 2 bedroom) and one for $750/month (upper 1 bedroom), both with recently renewed leases. Projected total rental income is approximately $3,400 per month when fully occupied. Each unit is separately metered for electricity, with tenants paying their own utilities, and water is included in rent. Upstairs units offer private balconies, adding tenant appeal. There is a basement with laundry hookups available, along with a rear parking area for tenants. New soffits and gutters (2025). An additional lot behind the parking area provides the opportunity to split and sell or build another home, offering added value and future upside to buyers!
Location
State MI
County Macomb
Area Memphis (50030)
Zoning Residential
Rooms
Basement MI Basement, Stone
Interior
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplace No
Exterior
Exterior Feature Vinyl Siding
Building
Story 2 Story
Water Public Water
Structure Type Vinyl Siding
Schools
School District Memphis Community Schools
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional,FHA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Brookstone, Realtors LLC
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