Residential Income in St Joseph Charter Township

$257,900

1298 Colfax, 49022, St Joseph Charter Township, MI

Residential Income for sale in St Joseph Charter Township, 1298 Colfax, 49022

1298 Colfax, 49022, St Joseph Charter Township, MI

$257,900

Type: Residential Income

Description

Exceptional investment opportunity with multiple income streams and significant upside potential! This unique property features two separate rental buildings on one parcel. The front building includes two 2-BR, 1-bath apts, with the upper unit currently leased at $900/mo and the lower unit vacant, offering the flexibility to generate additional rental income immediately or occupy the unit yourself. The rear building features multiple bedrooms, 1.5 baths, kitchen & laundry, creating additional income possibilities. Numerous capital improvements have already been completed, including exterior updates & partial roof replacement on the front building, a brand-new roof and updated electrical, furnace, and exterior repairs to the rear building, new sewer line to the street, updated kitchen and bathroom in the upper apartment. Whether you're looking to expand your investment portfolio or capitalize on a property with strong cash-flow potential, this is an opportunity you don't want to miss!

Location

1298 Colfax, 49022, St Joseph Charter Township, MI

Data

Object TypeResidential Income
Purchase Price$257,900
Living Space0 m²
Plot Size6839.19 m²
BathroomsN/A
Construction Year1887
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeForced Air, Natural Gas
Primary Energy SourceN/A
Construction Year1887
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent