Under Contract
422 N Main Street, Watervliet, MI 49098
$199,900
MLS # 26026362 (Michigan Regional Information Center (MichRIC))
2 unitsBuilt 19470.3 acres
1 / 47
Listing Description
Perfect 2-Unit Home with Rental Income Potential - Ideal for Homebuyers or Investors. NEW ROOF, NEW FLOORING, NEW PAINT! This spacious 2-unit property offers fantastic rental income. You will find great value in this rental property. FRONT UNIT IS 3bed/1bath and features beautiful bay windows and intricate woodwork throughout. The large living room (15x23) is perfect for entertaining, while the master bedroom (11x13) offers a cozy retreat. Two additional bedrooms are located upstairs. This unit includes air conditioning, washer and dryer, and a basement with plenty of storage space. BACK UNIT is 2 bed/1.5-bath w/spacious living room (13x25) with a wood-burning fireplace. Upstairs bedroom (13x15) features a large closet and en-suite master bath. The main level has an additional bedroom, a half-bath, a dining room, and a kitchen with ample cabinetry, pantry, and all appliances, including a washer and dryer. PARKING IS PLENTIFUL!
Source: SparkMLS
About this home
Listed at $199,900.
Annual property taxes run approximately $4,538 ($378/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Indiana Michigan Power Company; natural gas by Michigan Gas Utilities Corporation.
Listing Property Details
Property TypeMulti Family
Property Subtype2 to 4 Units
Bathrooms0
Lot Size0.3 acres
Year Built1947
Location
CityWatervliet
MunicipalityWatervliet City
Zip Code49098
CountyBerrien
School DistrictWatervliet
Construction & Systems
ConstructionVinyl Siding, Wood Siding
BasementFull
HeatingBaseboard, Forced Air
SewerPublic Sewer
UtilitiesPhone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
Sale & Financing
Listed6/1/2026
Terms AcceptedFHA, Cash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$4,538
Tax Year2025
Assessed Value$72,639
Parcel #11-78-0340-0027-00-1
Source: SparkMLS
Legal Description
THE S1/2 OF LOT 26 & N 13.89' OF LOT 27 REVISED PLAT OF CITY OF WATERVLIET EXC R/W FOR ALLEY
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 Kerry M Wright
Wright Properties
Frequently Asked Questions about 422 N Main Street, Watervliet, MI 49098
What school district is 422 N Main Street, Watervliet, MI 49098 in?
Per MLS# 26026362, this property is served by Watervliet. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 26026362, the seller has indicated this property accepts the following financing types: FHA, Cash, Conventional. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26026362, the most recent reported annual property tax for 422 N Main Street, Watervliet, MI 49098 is $4,538 (2025). 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 422 N Main Street, Watervliet, MI 49098 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, 422 N Main Street, Watervliet, MI 49098 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: Indiana Michigan Power Company. Gas: Michigan Gas Utilities Corporation. Sewer: Public Sewer. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Watervliet City police department or the Berrien County sheriff's office.
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Monthly payment$1,297
Principal & interest$1,297
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Indiana Michigan Power Company
Investor-Owned
Michigan Gas Utilities Corporation
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
422 N Main Street, Watervliet, MI 49098
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Municipality
Watervliet Township
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