MLS # 26006152 (Michigan Regional Information Center (MichRIC))

Excellent investment opportunity with this 5-unit multifamily property where the majority of updates have already been completed. Four of the five units have been improved, offering strong rental potential and reduced upfront renovation costs. Only one remaining unit awaits finishing touches, providing immediate value-add upside for the next owner. With most of the heavy lifting already done, this property presents a great opportunity for investors looking to stabilize and increase cash flow quickly. Whether you're expanding your portfolio or entering the multifamily market, this asset offers both immediate income potential and future equity growth.
Source: SparkMLS
Closed at $255,000.
Property tax estimate: $1,839 per year ($153/month). 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.
Location
Construction & Systems
Sale & Financing
Source: SparkMLS
Source: SparkMLS
Legal Description
WALKER & STEEL SUB. BLK 117, LOTS 19 & 20. CITY OF ST JOHNS T7N R2W
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Margaret Paige
Epique Realty
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Consumers Energy Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
719 N Clinton Avenue, St. Johns, MI 48879
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Municipality
St Johns
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