Investment Opportunity: Recently Remodeled Multifamily Property in Saginaw, MI
Are you searching for a lucrative investment opportunity in the real estate market? Look no further than 1619 Court Street in Saginaw, MI. This recently remodeled multifamily property offers not just one, but three units, along with a garage. With a listing price of $159,900, this property has incredible potential to generate a substantial income.
One of the key highlights of this property is its potential rental income. When fully occupied, this multifamily property can generate $2,350 or more per month. This impressive figure makes it an enticing option for investors looking for a reliable source of passive income.
Each unit in this multifamily property boasts a new fuse panel, ensuring safety and efficiency. Additionally, newer natural gas Goodman furnaces have been installed in each unit, providing optimal heating solutions for tenants. With tenants responsible for paying their own gas and electric bills, this property offers a hassle-free management experience for landlords.
While tenants are responsible for their utility bills, the seller covers water expenses, which amount to $90 per month. The seller also takes care of common area electric costs, which are $50 per month. This arrangement allows for a fair and reasonable distribution of expenses between landlord and tenants.
Parking is often a concern for tenants, but this property addresses that issue with each tenant having access to two designated parking spots. In addition, there is ample extra parking available for guests, ensuring convenience for all residents.
Location is everything, and this multifamily property ticks that box as well. Situated within walking distance of Old Town Saginaw, residents can enjoy the charm and amenities of this historic neighborhood. From quaint shops to trendy restaurants, Old Town Saginaw offers a vibrant and lively atmosphere for all to enjoy.
Please note that the seller requires pre-approved buyers only. This stipulation ensures that serious buyers who are ready to make a smart investment move forward. For further details and to schedule a viewing, simply call or text the provided contact information.
In conclusion, 1619 Court Street in Saginaw, MI presents an excellent investment opportunity in the real estate market. With its recent remodeling, attractive rental income potential, and desirable location, this multifamily property is a gem waiting to be discovered. Don't miss out on the chance to make a sound investment decision – call or text today for more information!
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