Mayfield Twp, MI 48446,1727 N LAPEER Road

$175,000

$179,900

2.7%
Est.Price: ?

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Est. payment /mo

1 Bed

2 Baths

1,896 SqFt


SOLD DATE : 09/13/2023

Key Details

Sold Price $175,000

Property Type Multi-Family

Sub Type Ranch

Listing Status Sold

Purchase Type For Sale

Square Footage 1,896 sqft

Price per Sqft $92

Subdivision Mary Carroll No 1

MLS Listing ID 20230056347

Sold Date 09/13/23

Style Ranch

Bedrooms 1

Full Baths 2

Originating Board Realcomp II Ltd

Year Built 1954

Annual Tax Amount $1,504

Lot Size 0.420 Acres

Acres 0.42

Lot Dimensions 117X117X170X170

Property Description

Amazing opportunity on this DUPLEX with income producing ability. This 3 bedroom home on a partial basement also comes with a studio apartment off the back. Apartment easily rents for $600+ per month. Main home currently rents for $900 but could be much more too. Live in main home and use the tenants $600 to pay off your mortgage decades ahead of schedule or as positive cash flow each month to help with your living expenses. Currently both units are tenant occupied but would be empty by closing. Home has hardwood flooring and large open living room. Main home has a 1.5 car garage attached which gives you space for storage and your car. Partial basement in main home where laundry is at. Rest of house is on crawlspace that was professionally sealed. Super large driveway for maximum parking and turning around. Great location close to town but just outside city limits for lower taxes and no Lapeer city rules. Both units metered separately for electric but share the natural gas heat bill. The home does need some updating given it is a rental home currently but it is priced accordingly. Seller paid commissions total 3% and are split with any buyers agent. However, seller is only paying for work associated with buying this one home--not for work the buyer had requested done at other homes previously. So Buyer is responsible for the additional cost of the agent services they chose to hire for any amount should their agent require more than 1.5% commission.

Location

State MI

County Lapeer

Area Mayfield Twp

Zoning Multi-Family

Direction 24 TO HOUSE

Rooms

Basement Unfinished

Interior

Heating Hot Water

Fireplace no

Heat Source Natural Gas

Exterior

Exterior Feature Private Entry

Garage Spaces 2.0

Roof Type Asphalt

Porch Deck, Porch

Road Frontage Paved

Garage yes

Building

Foundation Crawl, Basement

Sewer Septic Tank (Existing)

Water Well (Existing)

Architectural Style Ranch

Level or Stories 1 Story

Structure Type Vinyl

Schools

School District Lapeer

Others

Pets Allowed No

Tax ID 01432105300

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Realcomp MLS
Listed by Amy Forti of Realty Volution.com
Bought with Realty Executives Main St LLC
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