5054 Gratiot Avenue Active Save Request In-Person Tour Request Virtual Tour
St. Clair Twp,MI 48079
Key Details
Property Type Condo, Single Family Home
Sub Type Apartment,Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $110
MLS Listing ID 58050185536
Style Apartment,Other
Bedrooms 6
Full Baths 5
HOA Y/N yes
Year Built 1960
Annual Tax Amount $4,361
Lot Size 0.550 Acres
Acres 0.55
Lot Dimensions 92 x 308 x 109 x 251
Property Sub-Type Apartment,Other
Source MiRealSource
Property Description
Discover this updated, income-generating 5-unit apartment building-an exceptional opportunity for investors or entrepreneurs! Unit updates include flooring, fresh paint, updated closets, and bathroom upgrades. Recent major improvements include two 50-gallon hot water tanks and roof work (2024), a new well pump & pressure regulator, and a septic system that's professionally serviced annually. The property features three 1 bed/1 bath units, one 1+/1 unit, and one 2 bed/1 bath unit, plus a spacious 2.5-car garage with ample parking. With $3,750 in monthly rental income, lower township taxes, and natural gas only used for the furnace and hot water tanks-- this property is both profitable and efficient. Five separate electric meters add convenience for tenants and ease of management. Additional permitted uses expand the potential of this property even further! Consider operating a daycare center, bed & breakfast, senior day care facility, or even running your own business from the property. Ideally located just minutes from the expressway and downtown Marysville, within the desirable Marysville School District (St. Clair Township mailing address), this property offers privacy, accessibility, and multiple income opportunities. Contact the listing agent today for full details on this versatile investment!
Location
State MI
County St. Clair
Area St. Clair Twp
Rooms
Kitchen Oven,Range/Stove,Refrigerator
Interior
Hot Water Natural Gas
Heating Forced Air,Wall Furnace
Cooling Wall Unit(s)
Fireplace no
Appliance Oven,Range/Stove,Refrigerator
Heat Source Electric,Natural Gas
Exterior
Parking Features Detached
Garage Description 2.5 Car
Porch Patio
Road Frontage Paved
Garage yes
Private Pool No
Building
Foundation Slab
Sewer Septic Tank (Existing)
Water Other,Well (Existing)
Architectural Style Apartment,Other
Level or Stories 2 Story
Additional Building Other,Garage
Structure Type Vinyl
Schools
School District Marysville
Others
Tax ID 300022021000
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional