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$ 259,900
Est. payment /mo
Price Dropped by $20K
1298 Colfax Avenue Benton Harbor, MI 49022-5910
5,288 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,288 sqft
Price per Sqft $49
Subdivision Mi
MLS Listing ID 70518313
Year Built 1887
Annual Tax Amount $6,884
Tax Year 2024
Lot Size 1.520 Acres
Acres 1.52
Lot Dimensions 223 x 297
Property Sub-Type Multi-Family
Property Description
Great income-producing investment opportunity with two separate rental buildings and strong upside potential. The front house features two 2-bedroom, 1-bath units with the upper unit currently leased at $900/month and the lower unit vacant, allowing immediate additional rental income. The rear building includes six individual rental rooms, shared kitchen, communal full bath, plus a half bath with laundry. Current rents total $2,450/month, not including the vacant unit or three empty rooms, leaving room for increased cash flow. Many updates completed including exterior improvements to the front house, partial roof replacement on the front house, new roof on the rear building, full sewer line replacement, updated kitchen and bath in the upper unit, and updated furnace and electrical in the rear building. Land Contract financing may be possible. Call for your private showing today!
Location
State MI
County Berrien
Area St Joseph Twp (11019)
Interior
Heating Forced Air
Cooling None
Exterior
Exterior Feature Brick, Wood
Amenities Available Laundry Facility
Building
Lot Description Ravine, Wooded
Foundation Basement, Slab
Structure Type Brick,Wood
Schools
School District Benton Harbor Area Schools
Others
Energy Description Natural Gas
Financing Cash,Conventional,Land Contract
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by eXp Realty
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