30
See all 30 photos
$239,900
Est. payment /mo
2 Baths
2,256 SqFt
New
7542 Meadow Avenue Warren, MI 48091 3020
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,256 sqft
Price per Sqft $106
Subdivision Mi
MLS Listing ID 61033217
Style 2 Story
Full Baths 2
Year Built 1942
Annual Tax Amount $306
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 35X117
Property Sub-Type Multi-Family
Property Description
INVESTOR ALERT! Turnkey, High-Yield Duplex Generating MORE 1% Monthly Return! ?Rare opportunity to acquire a fully updated, fully occupied, high-performing duplex generating guaranteed income. Backed by reliable agency/organization-paid leases with model tenants, this property delivers immediate, hands-off cash flow from Day 1 with significant upside potential on upcoming lease renewals. LET'S TALK ABOUT ?PROPERTY HIGHLIGHTS & FINANCIAL BREAKDOWN: ?Lower Unit (2 Beds / 1 Bath): $1,300/mo guaranteed rent. Features updated vanity, new carpet/flooring, and fresh paint. ?Upper Unit (4 Beds / 1 Bath): $1,500/mo guaranteed rent. Updated kitchen featuring newer cabinets and countertops. ?Total Current Income: $2,800/mo ($33,600/yr) which is exceeding the 1% rule!? Zero immediate capital expenditures needed! This building has been extensively updated! Updated mechanicals! High-efficiency heating systems, newer furnace and newer water heater. Updated plumbing and electrical work, newer electrical panels for both units, and modern plumbing/electrical fixtures throughout. Vinyl windows throughout (with blinds), newer front roof, and fully repainted interior. ?Inclusions: Both sets of unit appliances are landlord-owned and convey with the sale. The property includes an adjacent FREE buildable lot--a massive value-add for future development, expansion, or separate resale! ?The seller is liquidating equity solely to fund another project, creating a rare opening to step into a fully stabilized, turnkey income producer. Leads immediately with the 1%+ rule, $2,800/mo income, and guaranteed lease structure to hook investor attention in search feeds. Emphasizes that leases are paid through housing agencies signaling reliable rent collection and minimal vacancy risk. Updated mechanicals, roof, electrical, and plumbing into a clear section to prove to out-of-state or local hands-off investors that maintenance costs will be low.
Location
State MI
County Macomb
Area Warren (50023)
Zoning Residential
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Aluminum
Building
Story 2 Story
Foundation Crawl
Water Public Water
Structure Type Aluminum
Schools
School District Van Dyke Public Schools
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional,FHA,VA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by EXP Realty Main
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