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40 Ahrens Street

Mt. Clemens, MI 48043
  • $260,000
  • STATUS: Active
  • ON SITE: 46 Days
  • ID#: 2220037174
UPDATED: 45 min ago
$260,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,134
    SQFT
  • $122
    $/SQFT
Neighborhood:
Ahrns Addition
Type:
Multi-Family
County:
Macomb
Area:
Mount Clemens
Zoning:
Residential
Lot Size Dimensions:
50.00X159.00

School Ratings & Info

School District:
Mount Clemens
Visit GreatSchools.org

Description

This is a great investment property with a high cap rate. There are 3 units with a total of 6 bedrooms. The 3-bedroom unit was remodeled back in March with granite countertops, custom kitchen, new windows, vinyl floors, completely remodeled bath. It would also be a great property for that person that would like to live on site and rent the other two units. Two of the units are on a month-to-month and one has 10 months remaining on the lease. I would consider doing a land contract with at least 25% down and a 3-year balloon.

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IDX provided courtesy of Realcomp II Ltd. via Novak & Associates | Real Estate One and Realcomp, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Novak & Associates | Real Estate One are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-07-02T21:59:13.167.
www.dannovakproperties.com/homes/128785394
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40 Ahrens Street Mt. Clemens, MI 48043

  • Price: $260,000
  • Status: Active
  • On Site: 46 Days
  • Updated: 45 min ago
  • ID#: 2220037174
0
Beds
3
Baths
0
½ Baths
0.18
Acres
2,134
SQFT
$122
$/SQFT
Neighborhood:
Ahrns Addition
County:
Macomb
Area:
Mount Clemens
School District:
Mount Clemens
Property Description
This is a great investment property with a high cap rate. There are 3 units with a total of 6 bedrooms. The 3-bedroom unit was remodeled back in March with granite countertops, custom kitchen, new windows, vinyl floors, completely remodeled bath. It would also be a great property for that person that would like to live on site and rent the other two units. Two of the units are on a month-to-month and one has 10 months remaining on the lease. I would consider doing a land contract with at least 25% down and a 3-year balloon.
Exterior Features

Architecture Level 2 Story Architecture Style Triplex Construction Materials Vinyl Foundation Details Basement Foundation Materials Block Lot Size Dimensions 50.00X159.00 Parking Total 3 Pool YN No Road Frontage Feet 50 Road Frontage Type Paved Roof Material Asphalt Waterfront YN No

Interior Features

Basement Type Interior Entry (Interior Access)Private Basement YN Yes Baths Total 3.00 Heating Forced AirHot Water Heating Fuel Natural Gas Interior Features Cable Available Living Area Source Public Records Sq Ft Combined 2134 Sq Ft Total Basement 800 Unit Efficiency Number Of 0 Unit Four Bed Number Of 0 Unit One Bed Number Of 1 Unit Three Bed Number Of 1 Unit Two Bed Number Of 1 Water Heater Fuel Common

Property Features

Assessment 0 Deposit Amount 56000.00 Down Payment Resource YN Yes Encroachment YN No Exclusions YN No Existing Lease YN Yes Gross Scheduled Income 28200.00 Homestead YN No Income Projection Projected Inventory List YN Yes Land Contract YN Yes Land Interest Rate 12 Land Payment 2058 Land Terms 360 Legal Rental Certified YN Yes Listing Financing CashContractConventionalFhaVa Monthly Rental Income 2350 Net Operating Income 22700.00 Number Of Units Leased 3 Ownership Status Broker/Agent OwnedShort Sale - No Percent Homestead Exempt YN No Pets Allowed No Postal City Mt. Clemens Protection Period 180 Rent Includes OtherWater/SewerWaterYard Maintenance Restrictions YN No Settlement City Sewer Sewer At Street Short Sale No Tax Amount Summer 3322.0000 Tax Amount Winter 62.0000 Title Agent Owned (Broker/Agent) Total Tax 3384.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 40 Ahrens Street Water Source Public (Municipal) Year Remodeled 2022 Zone Conform YN No Zoning Residential

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Braven Enterprises Llc: (248) 457-5499 and Realcomp, ©2022 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Novak & Associates | Real Estate One and Realcomp, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Novak & Associates | Real Estate One are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-07-02T21:59:13.167.
 
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