For more information regarding the value of a property, please contact us for a free consultation.
421 JEFFERSON ST Lapeer, MI 48446
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $142,500
Property Type Multi-Family
Sub Type Upper/Lower Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 1,806 sqft
Price per Sqft $78
Subdivision City Of Lapeer Original Plat
MLS Listing ID 219088637
Sold Date 03/11/20
Style Upper/Lower Apartment
Bedrooms 2
Full Baths 2
Originating Board Realcomp II Ltd
Year Built 1900
Annual Tax Amount $1,590
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 46x100
Property Description
Multifamily Investment Opportunity, City of Lapeer! Home well maintained inside and out! Currently the upper unit is rented for $375 every 2 weeks. Lower unit is vacant and just waiting for you to decide to live in or rent and was previously rented for $400 every 2 weeks. Upper unit has oak kitchen, lots of cabinets, tiled bathroom, 2 generous bedrooms, and living room. Lower unit was just freshly painted, has 2 bedrooms, oak kitchen, dining room with hardwood floors, tiled bathroom, A/C and basement access. Both units have separate utilities and their own laundry facilities in each unit. New high efficiency furnace installed 2017. Potential projected annual gross income is $20,150. Both units city certified for 2 years in August 2019 and are MSHDA approved. Walking distance to dining/shopping. Easy access to M-24, I-69. Buyer to pay seller's title insurance, transfer tax and title company closing fees at close. Great ROI over 13%, investment should pay for itself in just over 7 years!
Location
State MI
County Lapeer
Area Lapeer
Zoning Residential
Direction M-24 to West on Liberty St to North on Jefferson St
Rooms
Basement Unfinished
Interior
Interior Features High Spd Internet Avail
Heating Forced Air, Space Heater
Cooling Ceiling Fan(s), Central Air
Heat Source Natural Gas
Exterior
Exterior Feature Private Entry
Garage Spaces 2.0
Pool No
Roof Type Asphalt
Porch Porch
Road Frontage Paved
Building
Foundation Basement
Sewer Sewer-Sanitary
Water Municipal Water
Architectural Style Upper/Lower Apartment
Level or Stories 2 Story
Structure Type Vinyl
Schools
School District Lapeer
Others
Pets Allowed Yes
Tax ID L206540004000
Ownership Private Owned,Short Sale - No
Acceptable Financing Cash, Conventional, FHA, VA
Rebuilt Year 2017
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Read Less
©2024 Realcomp II Ltd. Shareholders
Bought with Premier Real Estate Management
GET MORE INFORMATION