• 1523 Saint Clair River Drive Algonac, Michigan 48001

  • $650,000
  • 8
    Bed(s)
  • 7
    Baths
  • 4,564
    Sq Ft
  • 0.17
    Acre

Welcome to this incredible investment opportunity. This 7 unit multi family home was remodeled in 2022 and currently has 4 tenants with a potential income of $5,800 a month. Located across the street from St Clair River. Potential cap rate of 8-9%

Property Type :

Multifamily

Subdivision :

Village Of Algonac

County :

Saint Clair

Style :

Multifamily

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Property Details

 

Bathroom Information

Total Baths: 7

Full Baths: 7

Room Information

Porches: Balcony,Porch

Interior Features

Basement Description: Unfinished

Heating & Cooling

Heating: Forced Air

Heating Fuel: Natural Gas

Building Information

Year Built: 1995

Building Stories: 2 Story

Total Units: 7

Foundation/Basement: Basement

Architecture: Colonial,Historic

Exterior Features

Construction: Vinyl

Utility Features

Sewer: Public Sewer (Sewer-Sanitary)

Water

Community

Lot Information

Lot Size: 0.17

Lot Dimensions: 60.00 x 125

Property Information

SQ ft: 4564

Subdivision: VILLAGE OF ALGONAC

Financing: Cash,Conventional

Listing Price Information

Original List Price: $650,000

Listing Information

Possession: At Close

Legal Description: LOT 5 & E 5' OF ALLEY W OF SAID LOT & BEING 125' ON GREEN ST BLK 150 VILLAGE OF ALGONAC SEC 10 T2N R16E

Tax Information

Annual Tax: $6,090

Parcel Number: 74011050444000

Possession

At Close

Legal Information

Legal Description: Section: LOT 5 & E 5' OF ALLEY W OF SAID LOT & BEING 125' ON GREEN ST BLK 150 VILLAGE OF ALGONAC SEC 10 T2N R16E

Multi-Unit Information

Road Frontage: Paved

Unit 1 Information

# of Bedrooms: 6

Unit 2 Information

# of Bedrooms: 1

School Information

School District: Algonac

Utility Information

Water:Community

Sewer:Public Sewer (Sewer-Sanitary)

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Roselawn , Algonac, MI,48001 $39,900 -- -- -- 0.12 Acre
1516 St Clair River , Algonac, MI,48001 $1,750,000 4 3 4,284 1.7 Acres
Morrow , Algonac, MI,48001 $147,900 -- -- -- 8.7 Acres
Dickinson Island , Algonac, MI,48001 $159,900 -- -- -- 0.45 Acre
116 N Park , Algonac, MI,48001 $249,000 3 1.5 1,440 0.11 Acre
911 Columbia Street , Algonac, MI,48001 $133,900 3 1 1,012 0.14 Acre
6123 Pointe Tremble Road , Algonac, MI,48001 $575,000 2 -- -- 1.15 Acres
102 Delta Drive , Algonac, MI,48001 $980,000 5 3.5 4,560 0.48 Acre
452 State Street , Algonac, MI,48001 $179,900 2 1 1,161 0.28 Acre
1129 Mill Street , Algonac, MI,48001 $279,900 3 1.5 1,148 1.9 Acres
MLS Logo

Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2024 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 04/28/2024 @ 05:13

MLS: 600872580
LISTED BY: Kevin A Stewart , Stewart Team R E Partners Inc
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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