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Key Details
Sold Price $240,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,080 sqft
Price per Sqft $77
MLS Listing ID 20250015726
Sold Date 05/27/25
Style Triplex
Bedrooms 3
Full Baths 3
Year Built 1900
Annual Tax Amount $4,765
Lot Size 0.770 Acres
Acres 0.77
Lot Dimensions 83.00 x 212.00
Property Sub-Type Triplex
Source Realcomp II Ltd
Property Description
Looking for a historically successful & profitable ROI? Well then, this triplex should be your next purchase! Annual rental income is over $35k. It is currently fully leased with one tenant planning to renew for another year minimum. Electrical was just updated! Plus one furnace, the water heater, and the a/c are all 1-3 years old. All three ranges in the 3 units are brand new! Newer flooring, carpet, and paint in one of the units, along with the bathroom newer. Current landlord uses electronic deposit for easy and timely payment withdrawals. Ample parking for tenants, and large yard for extra parking as well (lot is over 3/4ths of an acre!). Each unit has a different layout; Unit A has 2 bedrooms and features a formal dining room and private porch. Unit B has 3 bedrooms, two private entries, a balcony, and spacious kitchen with bar area. Unit C has one bedroom, shares only 1 wall, has ground floor entry, spacious upstairs bedroom, and its own private porch. Corner lot with privacy and a gorgeous setting. This multifamily home is always occupied, the tenants are pleasant, and you get paid every month; What more can you ask for in an investment property?
Location
State MI
County Genesee
Area Vienna Twp
Zoning Multi-Family
Direction S OF N SAGINAW RD, E OF CLIO RD
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling Ceiling Fan(s), Central Air
Fireplace no
Heat Source Natural Gas
Exterior
Porch Porch - Covered, Porch, Covered
Road Frontage Paved
Garage no
Building
Foundation Crawl, Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Well (Existing)
Architectural Style Triplex
Level or Stories 2 Story
Structure Type Aluminum
Schools
School District Clio
Others
Pets Allowed Yes
Tax ID 1814100071
Ownership Short Sale - No,Private Owned
Assessment Amount $497
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with EXP Realty - Fenton