MLS # 20261051646 (Realcomp)

A fantastic investment opportunity awaits with this well-maintained, 4-unit multi-family property, located in the desirable City of Brighton. This fully leased, income-generating building, offers four spacious units, each featuring 2 bedrooms and 1 full bathroom. Every unit has been recently remodeled and is equipped with essential appliances and air conditioning, providing comfortable living accommodations that appeal to long-term tenants. Main sewer line was replaced with driveway pending completion. Constructed of durable all-brick exterior, this property offers low-maintenance ownership while delivering reliable rental income. Additional features include, shared on-site laundry facilities located in the basement, adding convenience for residents, and a beautiful wooded lot that provides a peaceful, private setting, rarely found in multi-family properties. With all four units currently occupied, this is an ideal turnkey investment for both seasoned investors and those looking to expand their real estate portfolio. The established tenancy provides immediate cash flow from day one. Please note, this property is fully leased, and the privacy and quiet enjoyment of the tenants must be respected. Access to the units will be granted for inspections after an accepted offer.
Source: SparkMLS
This 4-bath home built in 1972 sits in Lansing in Brighton.
Currently offered at $700,000.
Property tax estimate: $17,169 per year ($1,431/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Lansing Board of Water & Light; natural gas by Consumers Energy Company.
Location
Construction & Systems
Sale & Financing
Source: SparkMLS
Source: SparkMLS
Legal Description
T2N, R6E, SEC 31 JAMES B LEE'S ADDITIONAL PLAT OF THE VILLAGE (NOW CITY) OF BRIGHTON LOTS 55, 60 & 61 AND THE SLY 31.70 FT OF LOTS 56 & 59 AND THE SLY 1/2 OF LOT 62 EXC THEREFROM ALL THAT PT DESC AS FOLLOWS: BEG SW COR OF SAID LOT 61, TH N3*E ALG WLY LINE OF SAID LOTS 61 & 62 77.33 FT, TH N83*52'E 102 FT, TH S11*30'W 125.42 FT, TH N66*37'W 87.7 FT TO POB; ALSO EXC ALL THAT PT OF LOTS 56 59, 60 & 6
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Simon Posselt
The Buckley Jolley R E Team
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Lansing Board of Water & Light
Municipal
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
725 Clark Street, Brighton, MI 48116
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Municipality
Lansing
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County
Livingston County
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