305 W Elm StreetMason, MI 48854

Description

Exceptional investment opportunity in the heart of Mason! 305 W Elm Street is a stabilized four-unit multifamily property offering immediate cash flow and long-term upside. Each of the four units features 2 bedrooms and 1 bathroom, providing a highly desirable layout for tenants. Currently generating approximately $4,500 per month in rental income, this property presents a rare value-add opportunity with rents significantly below current market rates, allowing investors the potential to increase revenue over time. Located in the highly sought-after Mason community, tenants enjoy convenient access to downtown Mason, local shopping, dining, parks, and major commuter routes. Whether you're looking to expand your portfolio, complete a 1031 exchange, or enter the multifamily market with a proven performer, this well-maintained asset offers stable occupancy, consistent income, and substantial future growth potential. Don't miss the chance to own a cash-flowing investment in one of Mid-Michigan's most desirable rental markets.

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Year built

1910

Living area

3,244 Sq Ft

Lot size

0.15 acres

Lot dimensions

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Parking spaces

8

Days on market

91

MLS^® Listing#

296902

Property Features

Exterior

Private Entrance · Private Yard

Appliances

Gas Water Heater

Cooling

Window Unit(s) · None

Heating

Radiant Floor

Basement

Full · Walk-Out Access · Walk-Up Access

Parking

Off Street

Laundry

Common Area · In Basement

Lot features

City Lot · Corner Lot

Construction

Vinyl Siding

Foundation

Block

Sewer

Public Sewer

Water source

Public

Financial Details

Assessed value

$112,628

Parcel number

33-19-10-08-281-006

Directions

W MI 36 to S lansing St to W Lyn St to Elm