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Scott Hutchison

scott@web-homes.net +1(616) 291-0440

$ 425,000

Est. payment | -/mo

2 Baths

0.27 Acres Lot

Save

$ 425,000

Est. payment | -/mo

Save

2 Baths

0.27 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Coming Soon

Purchase Type For Sale

Municipality Brighton City

Subdivision Brighton City

MLS Listing ID 20261058496

HOA Y/N true

Year Built 1900

Annual Tax Amount $8,134

Lot Size 0.270 Acres

Acres 0.27

Lot Dimensions 76X152

Source Realcomp

Property Description

Looking for a premier investment property in Brighton, MI? This cash-flowing multifamily duplex is perfectly positioned just a short walk to the Mill Pond and popular shops and restaurants in downtown Brighton. The financials on this two-story farmhouse-style income property work beautifully right out of the gate. The building features two existing rental units, each with its own separate private entrance. Electric and Gas utilities are completely split, as the property is already equipped with two furnaces and two hot water heaters. The biggest draw for real estate investors is the massive value-add potential. The city building department has indicated it might be possible to convert the attached 4 car garage space into a brand-new two-bedroom, two-bathroom apartment. Completing this build-out would add an estimated $1,850 a month to your rent roll, completely transforming your cap rate and forcing serious equity into the building.The property sits on a spacious 0.27-acre fenced lot in Livingston County. There is no shortage of tenant parking, featuring an oversized parking pad alongside two additional driveways. Whether you want a turnkey rental property for steady passive income or want to tackle the garage conversion to maximize your cash flow, this downtown Brighton real estate investment makes perfect sense.

Location

State MI

County Livingston

Zoning Multi-Family

Direction S/B Cross to E/B 2nd Street. Residence is on the left.

Rooms

Basement Michigan Basement

Interior

Heating Forced Air

Cooling Window Unit(s)

Exterior

Amenities Available Pets Allowed

View Y/N No

Building

Water Well

Structure Type Aluminum Siding

Schools

School District Brighton

Others

Tax ID 1830100030

Acceptable Financing Cash, Conventional, Land Contract

Listing Terms Cash, Conventional, Land Contract

Special Listing Condition {"Other":true}

Listed by Real Broker, LLC

NEARBY SCHOOLS & PROPERTIES

“Part of my Job as Your Real Estate Expert is to protect you from the incompetency that runs rampet in our industry”

+1(616) 291-0440

scott@web-homes.net

8 N. Bridge Street Suite 104B, Rockford, MI, 49341, United States

8721 N 2nd Street Brighton, MI 48116