For Sale
$579,900

Grand StSchoolcraft, MI 49087

Five Units, Updated, High Rental Income

Overview

Added:
Feb 3
Days on market:
63
This exceptional multi-unit property, located in the heart of downtown Schoolcraft, Michigan, presents a unique investment opportunity. The building encompasses 4,080 square feet on a 0.24-acre lot and features a total of five units: two street-level retail spaces and three upstairs residential apartments. All units are currently leased, generating consistent rental income. The retail spaces offer considerable flexibility for a variety of business ventures, making them highly adaptable to market demands. The three residential apartments have been tastefully updated, preserving their original character while incorporating modern amenities. Each apartment varies in size and rental rate, contributing to a diversified income stream. Significant recent improvements include a new roof with a 10-year warranty, ensuring long-term cost savings. Furthermore, the building's mechanical systems are newer and in excellent condition, minimizing maintenance concerns. Ample parking is available for tenants and patrons, adding to the property's overall appeal. This turnkey investment is poised for continued success, offering a blend of retail and residential income streams in a desirable downtown location. The property's strong rental history and recent upgrades make it an attractive proposition for discerning investors seeking a stable and profitable addition to their portfolio. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving Michigan community.

Property Details for Grand St

Property type
Square Feet
4,080 SF
Year Built
1900
Lot Size (sq. ft)
10,454 SF

Location Insight

City
Schoolcraft
County
Kalamazoo
State
Michigan
Latitude
42.11444
Longitude
-85.63706
Grand St, Schoolcraft, Michigan

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Grand St
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