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Saint Clair, MI 48079,5054 Gratiot Avenue
Saint Clair, MI 48079,5054 Gratiot Avenue
Saint Clair, MI 48079,5054 Gratiot Avenue
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$268,000
Est. payment /mo
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6 Beds
5 Baths
3,000 SqFt
Price Dropped by $7K

5054 Gratiot Avenue Saint Clair, MI 48079

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Jody Kosanke

Jody Kosanke

+1(586) 770-6977

Open House

Sun Dec 21, 12:00pm - 1:30pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $89

Subdivision Mi

MLS Listing ID 50185537

Style 2 Story

Bedrooms 6

Full Baths 5

Year Built 1960

Annual Tax Amount $4,361

Lot Size 0.550 Acres

Acres 0.55

Lot Dimensions 125 x 175

Property Sub-Type Multi-Family

Property Description

**Open House- Sunday 12/21 from 12-1:30pm** Discover this updated, income-generating 5-unit apartment building on a .55 acre lot, with a large garage! Unit updates include some flooring, paint, 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. This property does have some deferred maintenance and is in need of some upgrades- an exceptional value-add opportunity for investors or entrepreneurs! 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 $3,650 in monthly rental income, lower township taxes, and natural gas used only for the furnace and hot water tanks-- this property is both profitable and efficient. Five separate electric meters add convenience 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 this 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. A well & septic inspection have already been done- Contact the listing agent today for full details on this versatile investment!

Location

State MI

County St. Clair

Area St Clair Twp (74047)

Rooms

Basement Block

Interior

Heating Wall Heat, Forced Air

Cooling Wall/Window A/C

Fireplace No

Appliance Range/Oven, Refrigerator

Exterior

Exterior Feature Vinyl Siding

Parking Features Detached Garage

Garage Spaces 2.5

Building

Story 2 Story

Foundation Slab

Water Other-See Remarks, Private Well

Structure Type Vinyl Siding

Schools

School District Marysville Public School District

Others

Ownership Private

SqFt Source Public Records

Energy Description Electric,Natural Gas

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by KW Platinum

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Jody Kosanke

Jody Kosanke

Realtor

+1(586) 770-6977

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5054 Gratiot Avenue