Excellent opportunity for investors or owner occupants on this 3 Unit property. Live in one and let the rental income on the other units help pay your mortgage! Rental income produces nearly $19, 000 in gross rents per year. Main floor has a 3-bedroom unit and upstairs has a 1 bedroom and an efficiency unit. Recent updates include extra large water heater in 2017, complete roof tear off including new rafters within past 10 years, central A/C in lower unit, newer furnace in upper unit in 2017 andupdated bath in efficiency unit. Home offers full basement with washer and dryer that will stay and a detached garage. Utilities for all 3 units average approximately $600 per month. Units are currently rented and 24 hour notice is required on all showings.
363 Clay Street
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363 Clay Street, Sparta, MI, 49345 is a Multi-Family Home for sale at $175,000 with 2,010 sqft and a lot size of 0.1520 Acre(s). 363 Clay Street has 4 bedrooms, 3.0 baths, and was built in 1920. The property's zip code is 49345 which is in Sparta, MI
Based on 20.00 % down and a 4.13 % financing rate
Includes Mortage, Insurance, and Tax payments
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Data is updated as of 5/20/2018.
Financial calculator disclaimer:
Default based on a 30-year fixed rate of 4.125% 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.