Sold
415 W State Street, Corunna, MI 48817
Sold on 06/08/2026 for$151,500
MLS # 20261022276 (Realcomp)
Built 19100.32 acres
1 / 18
Listing Description
Turnkey income-producing triplex in Corunna, Michigan — generating $22,620 in annual rental income with all 3 units currently leased. This well-maintained 1910 property features a diverse unit mix: a 3-bedroom (1,100 sq ft, $685/mo), a 2-bedroom (920 sq ft, $775/mo), and a studio (250 sq ft, $425/mo), creating multiple income streams and broad tenant appeal.At a list price of $159,900 and a net operating income of $16,979, this property delivers a cap rate of approximately 10.6% — well above typical market benchmarks and an outstanding return for the price point.Situated on a spacious 0.32-acre lot (102x145), the building includes an unfinished basement with upside potential, natural gas forced air heating with separate meters, deck and porch, public water and sewer, asphalt roof, and assigned parking.Priced at just $70.50/sq ft with immediate cash flow in place — this is a straightforward addition to any investment portfolio. By appointment only.
Source: SparkMLS
About this home
This 3-bath home built in 1910 sits in Corunna in Corunna.
Final sale price: $151,500.
Estimated annual property tax: $3,638, or about $303 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company.
Listing Property Details
Property TypeMulti Family
Bathrooms3
Lot Size0.32 acres
Year Built1910
Location
CityCorunna
Zip Code48817
CountyShiawassee
School DistrictCorunna
Construction & Systems
ConstructionWood Siding
BasementMichigan Basement
HeatingForced Air
WaterPublic
Sale & Financing
Listed4/15/2026
Sold Date6/7/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$3,638
Parcel #0261003400300
Source: SparkMLS
Legal Description
CITY OF CORUNNA ORIGINAL PLAT LOTS 3 & 4, BLK 34
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 Abdul Abro
Real Estate For A CAUSE
Frequently Asked Questions about 415 W State Street, Corunna, MI 48817
Which school district serves 415 W State Street, Corunna, MI 48817?
Per MLS# 20261022276, 415 W State Street, Corunna, MI 48817 is in the Corunna boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Corunna directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 20261022276, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 415 W State Street, Corunna, MI 48817?
Per public tax records, annual property taxes for this property are $3,638. 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.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 415 W State Street, Corunna, MI 48817 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 415 W State Street, Corunna, MI 48817 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. 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.
What utilities serve 415 W State Street, Corunna, MI 48817?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Consumers Energy Company. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the local police department or county sheriff's office.
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Monthly payment$1,037
Principal & interest$1,037
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
415 W State Street, Corunna, MI 48817
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Municipality
Corunna
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