34427 Jefferson Avenue
Harrison Twp, MI, 48045 $ 359,000
Bedrooms4 Baths2.2 Sq 1,365 Monthly Estimate*
$ 2,508
for $359,000 with 4 bedrooms and 2 full baths, 2 half baths. This 1,365 square foot home was built in 1960 on a lot size of 0.41.
Welcome to a remarkable investment opportunity! This property is your ticket to a steady stream of income, currently generating $3,500.00 per month in gross revenue from 3 units. There's a one bedroom upstairs and a 2 bedroom downstairs in the main house. These units are currently rented. All 3 units have separate independent utilities. Behind the two-unit residence stands a versatile office building and a spacious garage, providing an array of possibilities for entrepreneurial ventures with a possible 4th unit build out to increase the revenue to almost 5,000 a month. Whether you are looking to maximize cash flow by renting out all the units or prefer to enjoy the benefits of living in one unit while leasing the others, this property caters to various investment strategies. The downstairs apartment is under contract until Sept 30th, transitioning to a month-to-month thereafter. Meanwhile, the lease for the upstairs apartment has concluded, but the tenants are still in place on a month-to-month basis. Beyond its potential as a residential income property, this space offers an additional opportunity for a business. The back section is ready-made for a barbershop, beauty salon, dog grooming facility, office or a similar enterprise. Furthermore, its versatile design allows for easy conversion into a different type of business. There is also a separate entrance and room to make a possible 4th unit for even more income potential. The property also has plenty of parking, making it an ideal choice for business owners with a fleet of trucks. If you've been dreaming of starting your own business or expanding an existing one, this property provides the perfect foundation. It's important to note that showings are available through direct contact with the Listing Agent, and a 48-hour notice is required to view the occupied units in the home. Also this is a commercial property and requires a commercial loan approval or cash funds to purchase and see it. Don't miss out on this exceptional investment opportunity!
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FeaturesInteriorHeating Fuel Natural Gas
Basement Y/N 1
Total Units 3
Fireplace 0
Street Suffix Avenue
Total Baths 2.20
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GeneralSewer Public Sewer (Sewer-Sanitary)
Heating Forced Air
Cooling Central Air Separate Meter
Rent Includes Trash Collection (Garbage Pickup)
Possession At Close
Pets Allowed Yes
Zoning Commercial Residential
Pool Y/N 0
Full Baths 2
Half Baths 2
Year Built 1960
Property Type Multifamily
Subdivision Name JEFFERSON HEIGHTS - HARRISON TWP
Transaction Type Sale
Basement Type Unfinished
Status Active
Short Sale No
Parking Total 12
Construction Materials Vinyl
Cumulative Days on Market 41
MLS Area Harrison Twp
Directions Take Jefferson Ave south just past Murray St and its on the west of street.
City Harrison Twp
Terms Offered Cash Conventional
School District Lanse Creuse
Land Contract 0
Down Payment Resource 1
Ownership Status Short Sale - No Private Owned
Street Name JEFFERSON
Homestead 0
Assessment 0.00
Total Sq Ft 1365
DOM 41
Taxes 4186.0000
Legal Description JEFFERSON HEIGHTS SUBDIVISION E 200 FT LOT 1; ALSO ALL LOT 30 S.P. NO 17
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ExteriorWaterfront 0
Lot Size Area 0.41
Water Source Public (Municipal)
Foundation Basement
Lot Size Dimensions 90 x 200
Roof Material Asphalt
Garage Y/N 1
Architecture Level 2 Story
Architecture Style Cape Cod
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Internal OnlyOriginating MLS Realcomp II Ltd
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $2,508
- Monthly Property Taxes
- $349
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Harrison Twp, MI
Average List Price $854,000
Percent of Sale Price 138%
Trends Information provided by ATTOM Data Solutions.
848340 Elementary School
848861 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/13/2024 | $359,000 | | Listed Price |