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5054 Gratiot Avenue, St Clair Township, MI 48079
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$268,000
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Home Details for 5054 Gratiot Avenue
Price
$268,000
Type
Single Family
Bedrooms
6
Total Bathrooms
5
Full Bathrooms
5
Year Build
1960
Sq. Ft.
3000
Lot Size
0.55
County
StClair
Total Rooms
6
Garage
3
Basement
Block
Tax
$4,361
MLS®️ Listing#
58050185536
On exitrealty.com
145 days
Property Description
**Open House- Sunday 12/21 from 12-1:30pm** Discover this updated, income-generating 5-unit apartment building on a .55 acre lot, with a large garage! Unit updates include some flooring, paint, closets, and bathroom upgrades. Recent major improvements include two 50-gallon hot water tanks and roof work (2024), a new well pump & pressure regulator, and a septic system that's professionally serviced annually. This property does have some deferred maintenance and is in need of some upgrades- an exceptional value-add opportunity for investors or entrepreneurs! The property features three 1 bed/1 bath units, one 1+/1 unit, and one 2 bed/1 bath unit, plus a spacious 2.5-car garage with ample parking. With $3,650 in monthly rental income, lower township taxes, and natural gas used only for the furnace and hot water tanks-- this property is both profitable and efficient. Five separate electric meters add convenience and ease of management. Additional permitted uses expand the potential of this property even further: consider operating a daycare center, bed & breakfast, senior day care facility, or even running your own business from this property. Ideally located just minutes from the expressway and downtown Marysville, within the desirable Marysville School District (St. Clair Township mailing address), this property offers privacy, accessibility, and multiple income opportunities. A well & septic inspection have already been done- Contact the listing agent today for full details on this versatile investment!
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- Heating Information
- Electric
- Forced Air
- Natural Gas
- Wall Furnace
- Water Features
- Private
- Other
- Well
- Parking
- Detached
- Garage
- Lighted
- Cooling Information
- Wall/Window Unit(s)
- Basement
- Block
Listing Courtesy: KW Platinum - 586-949-0200
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Market statistics compiled from data from Michigan Regional Information Center.
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EXIT AHEAD REALTY
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$268,000
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EXIT AHEAD REALTY
1542 N. Leroy, Suite 2A, Fenton, MI 48430