Homes for sale - 11151 CLINTON RIVER Road, Sterling Heights, MI 483...

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David Godin

davidgodin@hotmail.com +1(586) 416-0600

$ 399,250

Est. payment | -/mo

4 Baths

2,145 SqFt

Save

$ 399,250

Est. payment | -/mo

Save

4 Baths

2,145 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 2,145 sqft

Price per Sqft $186

Subdivision Mi

MLS Listing ID 60390802

Full Baths 3

Half Baths 1

Year Built 1960

Annual Tax Amount $5,560

Lot Size 0.690 Acres

Acres 0.69

Lot Dimensions 155.00 x 194.00

Property Sub-Type Multi-Family

Property Description

*Updated Listing* SUPERIOR income property with TONS of improvement value, and more still remaining, with incredible instant equity available and a 19.6% cash on cash return. Zoned Class C (Commercial), R-60 (permissible for two family dwellings), maximize this investment as a multi unit residence in a prime time location! Situated on 3/4 of an acre, next to M-59 and major freeways, this completely fenced in property - with a boat gate - is comparable to no other, with all major shopping, travel and commute paths in easily accessible range. This beautifully wooded property feels like the country, situated in the center of the major community river walk renovation (state and federally funded), with a location that is about to boom, meaning huge returns on investment for any type of investor! Finish this property and generate $63,000 yearly 3,353 SF colonial/split ranch includes six bedrooms, two kitchens, and a partial kitchenette, three and a half baths, three laundry rooms and three separate entrance/exit points. Updated electrical, plumbing, new furnace, 30 year roof, new flooring, high end casement windows, new butcher block countertops and much, much, much more! Unit #2 is a ranch style that has 3 bedrooms (or two bedrooms and an office), with built in deep shiplap storage cabinets, one bathroom, including a jet whirlpool tub, a full kitchen with cantilevered butcher block for barstool seating, and laundry room with stackable washer and dryer. Unit #1 is a split level ranch and colonial, with three bedrooms, one and a half bathrooms, dining room, and a full workable kitchen and unfinished laundry room. Downstairs has a fully functional washer and dryer, bathroom sink and toilet (with an unfinished shower), partial kitchenette, access to all panels, meters, and furnace. Ductwork is split for two (or three) zones. Turn your investment into immediate income, or occupy one unit and rent out the other, while you make the finishing touches to this home into your perfect dream!

Location

State MI

County Macomb

Area Sterling Heights (50012)

Zoning Mixed Use

Rooms

Basement Block, Partially Finished

Interior

Heating Forced Air

Cooling Central A/C

Fireplace No

Exterior

Exterior Feature Aluminum, Brick

Amenities Available Laundry Facility, Private Entry

Building

Foundation Basement, Crawl

Water Public Water

Structure Type Aluminum,Brick

Schools

School District Utica Community Schools

Others

Assessment Amount $529

Energy Description Natural Gas

Financing Cash,Conventional,FHA,FHA 203K

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

Listed by EXP Realty

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(586) 416-0600

davidgodin@hotmail.com

42094 Garfield Rd, Clinton Twp, MI, 48038, USA

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