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Home For Sale Michigan Lapeer 1767
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Multiplex For Sale By Owner

Historic 4 unit income property




605 N. Calhoun , Lapeer, Michigan 48446 United States
Description

The "James B. Dutton" house, as it is identified on the National Historic Register, is located one block from downtown Lapeer. The four unit apartment building, consists of three one-bedroom units and one two-bedroom unit. All units have hardwood floors with 9 1/2' ceilings upstairs and 10' ceilings downstairs. Each of the upper units have a balcony and the two lower units have back doors to access the back yard. Each unit also has a door off the kitchen accessing a rear stairwell to the basement where the coin-operated washer and dryer are located. All appliances stay, including gas stoves, refrigerators and dishwashers. Rents are at the following rates which includes water: #1-$600, #2-$700, #3-$670, #4-$650. Tenants pay utilities. The gutters and downspouts were new in 1998. High efficiency furnaces with AC, upgraded electrical and complete roof were all new in 2008. Building is city certified every other year. Annual utilities are: Trash removal: $280, Water: $1200. The laundry brings in about $80 per month. The current mortgage is assumable for qualified purchasers.

Price: $325,000
Property Sub-Type: Multiplex
Total Lot Size : 0.23 Acres
Year Built : 1863
Listing ID: 1767

Map of: 605 N. Calhoun , Lapeer, Michigan 48446 United States

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