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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Sold
Purchase Type For Sale
Square Footage 3,040 sqft
Price per Sqft $92
MLS Listing ID 57050149078
Sold Date 09/17/24
Bedrooms 6
Full Baths 3
Year Built 1924
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type MultiFamily
Property Description
Prime Investment Opportunity in Bedford, MI "“ Multi-Unit Rental Property *** This beautifully remodeled property at 1914 Smith Rd. in Temperance, MI, offers a total of 3,040 sq ft of rentable space, including a main house and two additional apartments. Perfect for the savvy investor, this property is designed to generate substantial rental income from all three units. The main house features three bedrooms and one bathroom within its 1,328 sq ft. Located just behind the main house, the two additional apartments are already generating steady rental income. The downstairs unit offers one bedroom and one bathroom, while the upstairs unit includes two bedrooms and one bathroom. Each apartment is fully equipped with a range/oven, refrigerator, air conditioning, separate washer/dryer hookups, and a storage shed. One of the key advantages of this property is the separate electrical boxes, gas, and water meters for each unit, simplifying the rental process and providing clear utility management for the tenants. Currently, both apartments are occupied by friendly, reliable tenants who are eager to stay, ensuring immediate and consistent rental income. This Bedford property is a rare find, combining a desirable location, excellent condition, and significant rental potential. Whether you are looking to rent out all three units or live in one while renting the others, this investment offers flexibility and substantial financial rewards. The investment property you've been searching for is now just one call away!
Location
State MI
County Monroe
Area Area06141Bedfordtwp
Interior
Heating Baseboard, ForcedAir, NaturalGas, SeparateMeters, Steam
Cooling CeilingFans, CentralAir, WallWindowUnits
Fireplace No
Exterior
Exterior Feature Garden
Parking Features Assigned2Spaces
View Y/N No
Building
Foundation Basement, Slab
Sewer PublicSewer
Water Public
New Construction No
Schools
High Schools Bedford
School District Bedford
Others
Acceptable Financing Cash, Conventional, VaLoan
Listing Terms Cash, Conventional, VaLoan
Special Listing Condition ShortSaleNo, Standard
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