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$363,900   Price Analysis
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931 S Fancher 1/2 St S Unit 931
Mount Pleasant, MI 48858
8 bed 4 bath 2,404 SqFt ($151/SqFt)
0.47 acre lot. Built 1894
Listed 2024-03-04, Taxes $802
Ⓧ USDA Ineligible
due to location

near Mount Pleasant

LOOKING TO START YOUR INVESTMENT PORTFOLIO? LET THE TENANTS PAY YOUR MORTGAGE ON THE CAMPUS OF CMU WITH THIS 3 UNIT LICENSED RENTAL INCOME PRODUCING PROPE RTY.

YOU COULD HAVE TRI-PLEX INCOME IF YOU ARE AN INVESTOR. CURRENT OWNER OCCUPIES MAIN HOUSE AND HAS 2 INCOME STREAMS FROM THIS OFFERING. THIS OWNER HAS TALENT FIXING UP HIS REAL ESTATE WITH REFINISHED WOOD FLOORS, QUALITY PAINTED ROOMS THROUGH OUT THIS MAIN HOUSE AND APARTMENT. MAIN HOUSE (931) OFFERS SPACIOUS ROOMS, UPDATED FLOORING, A WELCOMING FRONT ENTRY PORCH, ENTERTAINING KITCHEN WITH BREAKFAST NOOK OVERLOOKING THE BACKYARD WITH LARGE WINDOWS, LARGE LIVING ROOM, AND LARGE DINING ROOM. MAIN FLOOR BEDROOM IN 931 COULD BE AN OFFICE OR DEN. BOTH BATH RMS UPDATED. 2ND FLOOR HAS MASTER ON-SUITE OFFERS FRESHLY REMODELED BATHROOM WITH CONTEMPORARY WALKIN CLOSET AND 2 OTHER LARGE BEDROOMS.BRAND NEW CARPETING IN THIS MAIN HOUSE WITH ALL FRESHLY PAINTED WALLS CEILINGS, PORCH. SO MUCH LOVE AND MONEY PUT INTO THIS HOME WITH NEW FURNACE (CARRIER) NEW CENTRAL AIR, UPDATED ELECTRICAL, UPDATED PLUMBING, MANY NEW WINDOWS, NEW KITCHEN HARDWARE and NEW KITCHEN STOVE!

GREAT ENTERTAINING BACKYARD PRIVACY FENCE, WITH TWO SELF WATERING NEW LARGE RAISED GARDENS. 931 1/2 APT: HAS NEW WINDOWS IN APARTMENT, NEW BATHROOM, BUILT IN FRIDGE, AND NEW FLOORING. OTHER IS BEDROOM AND FAMILY ROOM IS 13.4X10. 505 E GAYLORD HOUSE (EAST SIDE) HAS 3 BED, 1 BATH 1350 SQ FT. CURRENT RENTS TOTAL $1600/MO. YOU COULD RENT THE MAIN HOUSE FOR 1600-2000 /MO. AND COLLCT $3200 PER MONTH POTENTIALLY!!! NATURAL LIGHT, NATURAL GAS, SPECTRUM HIGH SPEED INTERNET OFFERED, REPLACEMENT WINDOWS, LOTS OF UPDATES, CORNER LOT, ON CAMPUS OF CMU. GREAT INVESTMENT! TWO HOMES WITH THIS PACKAGE. 931 S FANCHER and 931 1/2 S FANCHER ($231, 900 mkt val.) 505 GAYLORD WAS RECENTLY SPLIT OFF THE MAIN PARCEL (505-Mtk value $135k). ALL THREE UNITS MUST SELL TOGETHER. GRAB THIS BEFORE ITS GONE!!!! ALL MEASUREMENTS ARE M/L AND BUYER TO VERIFY.


Presented by DEB MORRIS at
Coldwell Banker Mt. Pleasant Realty.
Listing Agent Photo

Property MLS #1919844 from NGLRMLS

Bedrooms: 8

Formal Dining Room
Island Kitchen
Bay Windows

Refrigerator
Oven/Range
Dishwasher
Natural Gas Water Heater
Smoke Alarms

Full Bathrooms: 4

Heating Fuel: Natural Gas
Forced Air

Basement Description: Michigan Basement

Patio
Garden Area
Porch
Screened Porch
Gutters
Roads: Public Maintained

Lot Size Acres: 0.47
Lot Size Dimensions: 118x147
Lot Size Square Feet: 20473

Garage Spaces: 1
Garage Description: One Car

Number of Units In Community: 3
Number of Units: 3
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 4
Bedrooms in Unit-3: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 1
Unit-1 Square Feet: 850
Unit-2 Square Feet: 1850
Unit-3 Square Feet: 450

School District: Mount Pleasant City School Distr

Fancher School is a public elementary school located approximately 0.1 miles away.
directions icon Map directions

White Pine Montessori Children's Center is a private elementary school located approximately 0.3 miles away.
directions icon Map directions

Mt. Pleasant Senior High School is a public high school located approximately 0.5 miles away.
directions icon Map directions

WAY-Oasis is a public middle and high school located approximately 1.2 miles away.
directions icon Map directions

Lease Term: Year Lease

Annual Tax Amount: 4547.48
Source Listing Status: Active
County: Isabella
Directions: TAKE MISSION STREET TO S FANCHER AND TURN SOUTH ONE BLOCK TO PROPERTY.
Source Property Type: Multi-Family
Township: City of Mt. Pleasant
Zoning: Multi-Family
Property Subtype: Triplex, Single Fam Licensed Units
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$92,900
$802
2021$unknown + $unknown
$94,800
$5,697
2021$unknown + $unknown
$95,800
$5,697
2020$unknown + $unknown
$87,800
$1,270
2017$unknown + $unknown
$80,800
$4,737
2016$unknown + $unknown
$80,000
$4,695
2015$unknown + $unknown
$79,200
$4,681
2013$unknown + $unknown
$72,200
$4,466

Price Changed 2024-05-01
$363,900
NGLRMLS
Price Changed 2024-04-24
$366,900
NGLRMLS
Price Changed 2024-04-23
$363,900
NGLRMLS
Listed 2024-03-04
$366,900
NGLRMLS
Sold 2022-02-04
$190,000
Public Record
Relisted 2022-02-04
$184,900
NGLRMLS
Listing removed 2022-01-02
$0
NGLRMLS
Price Changed 2021-11-02
$184,900
NGLRMLS
Listed 2021-07-01
$194,900
NGLRMLS
Listing removed 2018-12-30
$0
Realcomp
Sold 2018-11-16
$150,000
NGLRMLS
Listed 2018-09-25
$165,000
NGLRMLS
Listing removed 2018-09-19
$162,000
MiRealSource
Listed 2018-06-29
$162,000
MiRealSource
Listed 2018-06-29
$162,000
Realcomp
Listing removed 2012-12-31
$174,900
MtPleasant
Listed 2012-10-10
$174,900
MtPleasant

Total Square Feet Living: 2404
Year Built: 1894
Building Exterior Type: Vinyl Siding
Construction Materials: Frame
Property Age: 130
Roof: Asphalt
House Style: 2 Story, 1 Story

Sewer: Municipal
Television: Cable Internet, Cable TV, WiFi
Water Source: Municipal
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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.