For Sale
111 Kibbee Street, Mount Clemens, MI 48043
$220,000
MLS # 20261030035 (Realcomp)
Built 19250.13 acres
1 / 15
Listing Description
*** INVESTMENT OPPORTUNITY – FULLY LEASED, UPDATED 2-UNIT MULTI-FAMILY! ***. Don’t miss this income-generating, two-unit property featuring a spacious 3-bedroom upper unit (currently rented at $1,100/month which includes the basement space) and a freshly renovated 2-bedroom lower unit (currently leased for $1,050/month which includes the garage space). Each unit has been thoughtfully updated with clean, modern bathrooms, newer kitchen cabinets and granite countertops. The entire interior is freshly painted, with newer flooring on the main level and refinished hardwood floors upstairs.Major mechanical and structural upgrades include a new furnace (upper unit – 11/13/2024), new hot water tank (lower unit – 11/20/2023), main sewer line replacement (10/13/2021), and gutter replacement (Spring 2020)—giving you peace of mind for years to come. The property also features a newer 2-car garage door and plenty of curb appeal.Whether you're an investor seeking strong rental returns or a buyer looking for a live-in income property, this one checks all the boxes! Rent rolls available upon request. Fantastic Investment opportunity!! Buyer and Buyer Agent to verify all information. 48 hours notice to show, please. ** 3-bedroom unit lease expires 6/30/26. 2-bedroom unit lease expires 5/31/27 **
Source: SparkMLS
About this home
This 3-bath home built in 1925 sits in Mount Clemens in Mount Clemens.
Listed at $220,000.
Annual property taxes run approximately $4,471 ($373/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeMulti Family
Bathrooms3
Lot Size0.13 acres
Year Built1925
Location
CityMount Clemens
MunicipalityCity of Mount Clemens
Zip Code48043
CountyMacomb
School DistrictMount Clemens
Construction & Systems
ConstructionAluminum Siding
HeatingForced Air
WaterPublic
Sale & Financing
Listed4/29/2026
Original Price$230,000
Terms AcceptedCash, Conventional, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$4,471
State Equalized Value$92,200
Taxable Value$61,023
Parcel #11-14-455-009
Source: Public Records
Legal Description
MARTIN CROCKERS FOURTH ADDITION LOT 8 AND N 5.0 FT OF LOT 9
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Lucine Tarman
Home HeadQuarters
Frequently Asked Questions about 111 Kibbee Street, Mount Clemens, MI 48043
What school district is 111 Kibbee Street, Mount Clemens, MI 48043 in?
Per MLS# 20261030035, this property is served by Mount Clemens. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 111 Kibbee Street, Mount Clemens, MI 48043?
Per MLS# 20261030035, the seller has indicated this property accepts the following financing types: Cash, Conventional, VA Loan. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261030035, the most recent reported annual property tax for 111 Kibbee Street, Mount Clemens, MI 48043 is $4,471. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 111 Kibbee Street, Mount Clemens, MI 48043 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 111 Kibbee Street, Mount Clemens, MI 48043 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Macomb County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Monthly payment$1,427
Principal & interest$1,427
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
111 Kibbee Street, Mount Clemens, MI 48043
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Municipality
Mount Clemens
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County
Macomb County
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