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109 S Division St
Tecumseh, MI 49286
MLS #5686709

Multi Family
  • 4units
$229,000
Est. P&I payment: $874.62/mo
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Description for 109 S Division St, Tecumseh, MI 49286
ATTENTION INVESTORS - RENOVATED QUAD INCOME PROPERTY located in the heart of Tecumseh! Solid all brick ranch features 4 - 2 bedroom, 1 bath, 600 sf units, each with a private full basement providing ample living space. Each unit has been remodeled; new kitchen cabinets and counter tops, new full bath, all new flooring and fresh paint. There is private parking in the rear; 2 parking spaces per unit. Each unit has private access, front door and rear door. Private laundry in the basement of each unit; tenant to provide washer and dryer. Walk to the ER (great rental location for ER employees), and all that downtown Tecumseh has to offer! Close proximity to Ann Arbor and US-23. Current rent $600/mo per unit, but negotiable with new leases. Great investment - solid ranch with curb appeal and prime location. Don't miss this rare investment opportunity! 6% cap rate includes 8% property management fee. NOI $13,900. Manage this property on your own and increase your cap rate to 7%.
MLS #5686709
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My Notes for MLS #5686709

General Features

  • Type: 1 to 4 Units
  • Est Year Built: 1964
  • Total Above Grade SqFt: 2,400
  • Total Number of Units: 4
  • Zoning: Other

Exterior Features

  • Lot Size: A

Utility Features

  • Water Selection: No Water Selection

Financial Features

  • Sale/Rent: For Sale
  • Summer Tax: 4,405
  • Winter Tax: 468
  • Total Tax: 4,873
  • Terms: Cash

Community Features

  • Area: 100-Other MLS Areas
  • City: Tecumseh
  • Township: Tecumseh Township

School Features

  • School District: Tecumseh

Miscellaneous Features

  • Manufactured: No

Location

 
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Directions to 109 S Division St, Tecumseh, MI 49286
US-23 to M-50 west to S. Division
The listing information for 109 S Division St, Tecumseh, MI 49286 was graciously provided by our friends at the listing brokerage, The Charles Reinhart Company

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P&I Payment $874.62
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Realty 1st's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Realty 1st, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 01/20/2018 at 5:22am
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