201 3RD Street

201 3RD Street

Fenton, Michigan

| 1502 sq.ft. | Multifamily

Sold $94,900

EXCELLENT INVESTMENT OPPORTUNITY TO OWN A DUPLEX A FEW BLOCKS FROM DOWNTOWN FENTON. UNITS ARE SEPARATELY METERED. THE SELLER HAS UPDATED THE ROOF, ELECTRICAL, PLUMBING, CENTRAL AIR UNITS, BOTH FURNACES, HOT WATER HEATER AND HAS REINFORCED THE FOUNDATION AND ADDED WATER PROOFING. ALL THE GUESS WORK ON POSSIBLY MAINTENANCE AND MECHANICAL COSTS ARE ELIMINATED WITH THESE UPDATES. UPPER UNIT HAS AN EXCELLENT RENTER IN IT AND HAS EXTENDED THEIR LEASE. LOWER 2 BEDROOM UNIT IS VACANT BUT COMPS SHOW TWO BEDROOM UNITS RENT FOR $800+/MO. THE BASEMENT IS FULLY FUNCTIONAL AND HOUSES A LAUNDRY AREA FOR TENANTS. THE OVER-SIZED TWO CAR GARAGE ALLOWS TENANTS COVERED PARKING.

Essential Information

MLS#215123436 | Neighborhood: BOOTH AND MILES NORTHERN ADD | School District: Fenton | County: Genesee

Property Features

Architecture: 2 Story | Cooling: Ceiling Fan,Central Air | Heating: Forced Air | Exterior Features: Fenced,Outside Lighting,Private Entry | Interior Features: Cable Available | Sewer: Sewer-Sanitary | Directions: NEAR THE INTERSECTION OF LEROY AND MAIN ST

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