21
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$268,000
Est. payment /mo
6 Beds
5 Baths
3,000 SqFt
Active
5054 Gratiot Avenue MI 48079
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $89
MLS Listing ID 50185536
Bedrooms 6
Full Baths 5
Year Built 1960
Lot Size 0.550 Acres
Acres 0.55
Lot Dimensions 92 x 308 x 109 x 251
Property Sub-Type Single Family Residence
Source MiRealSource
Property Description
Discover this updated, income-generating 5-unit apartment building on a .55 acre lot, with a large garage! Unit updates include some flooring, paint, closets, and bathroom upgrades. Recent major improvements include two 50-gallon hot water tanks and roof work (2024), a new well pump & pressure regulator, and a septic system that's professionally serviced annually. This property does have some deferred maintenance and is in need of some upgrades- an exceptional value-add opportunity for investors or entrepreneurs! The property features three 1 bed/1 bath units, one 1+/1 unit, and one 2 bed/1 bath unit, plus a spacious 2.5-car garage with ample parking. With $3,650 in monthly rental income, lower township taxes, and natural gas used only for the furnace and hot water tanks-- this property is both profitable and efficient. Five separate electric meters add convenience and ease of management. Additional permitted uses expand the potential of this property even further: consider operating a daycare center, bed & breakfast, senior day care facility, or even running your own business from this property. Ideally located just minutes from the expressway and downtown Marysville, within the desirable Marysville School District (St. Clair Township mailing address), this property offers privacy, accessibility, and multiple income opportunities. A well & septic inspection have already been done- Contact the listing agent today for full details on this versatile investment!
Location
State MI
County St. Clair
Area St. Clair County - 90
Rooms
Basement Slab
Interior
Heating Forced Air, Wall Furnace
Cooling Wall Unit(s)
Appliance Oven, Range, Refrigerator
Exterior
Exterior Feature Patio
Parking Features Detached
Garage Spaces 2.5
View Y/N No
Garage Yes
Building
Sewer Septic Tank
Structure Type Vinyl Siding
Schools
School District Marysville
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by KW Platinum
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