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$425,000
Est. payment /mo
2 Baths
0.27 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Coming Soon
Purchase Type For Sale
Municipality Brighton City
Subdivision Brighton City
MLS Listing ID 20261058496
HOA Y/N true
Year Built 1900
Annual Tax Amount $8,134
Lot Size 0.270 Acres
Acres 0.27
Lot Dimensions 76X152
Source Realcomp
Property Description
Looking for a premier investment property in Brighton, MI? This cash-flowing multifamily duplex is perfectly positioned just a short walk to the Mill Pond and popular shops and restaurants in downtown Brighton. The financials on this two-story farmhouse-style income property work beautifully right out of the gate. The building features two existing rental units, each with its own separate private entrance. Electric and Gas utilities are completely split, as the property is already equipped with two furnaces and two hot water heaters. The biggest draw for real estate investors is the massive value-add potential. The city building department has indicated it might be possible to convert the attached 4 car garage space into a brand-new two-bedroom, two-bathroom apartment. Completing this build-out would add an estimated $1,850 a month to your rent roll, completely transforming your cap rate and forcing serious equity into the building.The property sits on a spacious 0.27-acre fenced lot in Livingston County. There is no shortage of tenant parking, featuring an oversized parking pad alongside two additional driveways. Whether you want a turnkey rental property for steady passive income or want to tackle the garage conversion to maximize your cash flow, this downtown Brighton real estate investment makes perfect sense.
Location
State MI
County Livingston
Zoning Multi-Family
Direction S/B Cross to E/B 2nd Street. Residence is on the left.
Rooms
Basement Michigan Basement
Interior
Heating Forced Air
Cooling Window Unit(s)
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Water Well
Structure Type Aluminum Siding
Schools
School District Brighton
Others
Tax ID 1830100030
Acceptable Financing Cash, Conventional, Land Contract
Listing Terms Cash, Conventional, Land Contract
Special Listing Condition {"Other":true}
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Listed by Real Broker, LLC
Nearby School & Business
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