Harrison Twp, MI 48045,34427 JEFFERSON Avenue

$330,000

$359,000

8.1%
Est.Price: ?

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Est. payment /mo

3 Beds

3 Baths

1,365 SqFt


SOLD DATE : 05/23/2024

Key Details

Sold Price $330,000

Property Type Multi-Family

Sub Type Cape Cod

Listing Status Sold

Purchase Type For Sale

Square Footage 1,365 sqft

Price per Sqft $241

Subdivision Jefferson Heights - Harrison Twp

MLS Listing ID 20240015402

Sold Date 05/23/24

Style Cape Cod

Bedrooms 3

Full Baths 2

Half Baths 2

Originating Board Realcomp II Ltd

Year Built 1960

Annual Tax Amount $4,186

Lot Size 0.410 Acres

Acres 0.41

Lot Dimensions 90 x 200

Property Description

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!

Location

State MI

County Macomb

Area Harrison Twp

Zoning Commercial,Residential

Direction Take Jefferson Ave south just past Murray St and its on the west of street.

Rooms

Basement Unfinished

Interior

Hot Water Electric, Tankless

Heating Forced Air

Cooling Central Air, Separate Meter

Fireplace no

Heat Source Natural Gas

Exterior

Garage Spaces 12.0

Pool No

Waterfront no

Roof Type Asphalt

Road Frontage Paved

Garage yes

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Cape Cod

Level or Stories 2 Story

Structure Type Vinyl

Schools

School District Lanse Creuse

Others

Pets Allowed Yes

Tax ID 1136451011

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional

Rebuilt Year 2020

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Realcomp MLS
Listed by USA #1 Realty LLC
Bought with KW Platinum
agent-avatar

+1(248) 550-1101

brett@brettsmithrealty.com

28780 John R Rd, Madison Heights, MI, 48071, USA

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