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$280,000   Price Analysis
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104 Grand Ave
Mount Clemens, MI 48043
5 bed 5 bath 1,969 SqFt ($142/SqFt)
7,405SqFt lot. Built 1900
Listed 2024-04-13, Taxes $5,776
Ⓧ USDA Ineligible
due to location

near Mount Clemens

Property Details

Mt. Clemens Cash Cow! Fully rented and well cared for 5 Unit multi family building in the heart of Mount Clemens. Perfect property for the BRRR strategy. All long-term happy tenants who have separate utilities. This is a difficult t find property in the Metro Detroit Suburbs. Management Company referrals upon request.

Get in the land lord game and start building your rental portfolio today. All walkthroughs to be accompanied by PROOF of Funds or pre-approval. Full financials including rent roll, leases and audited financials available with accepted Letter of Intent or Purchase Offer. Seller is not interested in participating in the financing: no seller financing, no land contracts and no subject to. All cash or conventional financing is requi red.


Presented by Dylan Tanaka at
EXP Realty, LLC.
Listing Agent Photo

Property MLS #20240023594 from Realcomp

Bedrooms: 5

Total Bathrooms: 5 / 0
Full Bathrooms: 5

Heating Features: Forced Air
Heating Fuel: Natural Gas

Basement Description: Unfinished

Frontage Length: 50
Road Frontage Type: Paved, Pub. Sidewalk
Porch Description: Porch

Lot Size Acres: 0.17
Lot Size Dimensions: 50.00 x 150.00
Lot Size Square Feet: 7405

Garage Description: Garages, On Street, Unassigned/General
Parking Features: 8

Gross Scheduled Income: 34740.00

Number of Units: 5
Number of 1 Bedroom Units: 5

School District: Mount Clemens

Mount Clemens High School is a public high school located approximately 0.3 miles away.
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Montessori Stepping Stones is a private elementary and middle school located approximately 0.2 miles away.
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Mount Clemens Junior High School is a public middle school located approximately 0.3 miles away.
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Prevail Academy is a public elementary and middle school located approximately 0.4 miles away.
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Pets Allowed: Call

ActivationDate : 2024-04-13
Annual Tax Amount: 6152
Source Listing Status: Active
County: Macomb
Directions: North off Cass West off Gratiot
Source Property Type: Multifamily
Area: Mount Clemens
Source Neighborhood: EUPHEMIA HUBBARD'S ADDITION
Ownership Type: Short Sale - No, Private Owned
Parcel Number: 1111380012
Postal Code Plus 4: 5575
Subdivision: EUPHEMIA HUBBARD'S ADDITION
Zoning: Multi-Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$69,800
$5,776
2021$unknown + $unknown
$67,300
$5,649
2020$unknown + $unknown
$68,700
$4,932
2019$unknown + $unknown
$65,400
$4,669
2018$unknown + $unknown
$62,800
$4,585
2017$unknown + $unknown
$64,285
$4,505
2016$unknown + $unknown
$62,925
$4,485
2015$unknown + $unknown
$63,360
$4,539
2014$unknown + $unknown
$58,502
$4,085
2013$unknown + $unknown
$53,617
$3,898
2012$unknown + $unknown
$53,475
$3,826
2011$unknown + $unknown
$58,317
$3,718
2010$unknown + $unknown
$59,377
$3,547
2009$unknown + $unknown
$65,900
$3,556
2008$unknown + $unknown
$81,634
$3,371
2007$unknown + $unknown
$82,900
$3,310

Price Changed 2024-05-19
$280,000
Realcomp
Listed 2024-04-13
$299,999
Realcomp
Sold 2022-07-18
$139,900
Public Record

Net Operating Income: 22874.13
Operating Expense: 11865.85

Total Square Feet Living: 1969
Year Built: 1900
Construction Materials: Vinyl
Foundation Details: Basement
Property Age: 124
House Style: Colonial
Total Below Grade Area: 1118
Year Remodeled: 2023

Sewer: Public Sewer (Sewer-Sanitary)
Water Source: Public (Municipal)
Click Thumbnail Images To View Full Size
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.