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$ 325,000
Est. payment /mo
Active
11472 E Lippincott Boulevard Davison, MI 48423 9145
3 Baths
2,885 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,885 sqft
Price per Sqft $112
Subdivision Mi
MLS Listing ID 60990451
Style 2 Story
Full Baths 3
Year Built 1945
Annual Tax Amount $4,778
Lot Size 5.000 Acres
Acres 5.0
Lot Dimensions 363 x 594
Property Sub-Type Multi-Family
Property Description
Rare opportunity to own a well-maintained 3-unit multifamily property situated on 5 beautiful acres in Davison! All three units offer 2 bedrooms and 1 full bath, making this a fantastic investment or owner-occupant opportunity. The current owner occupies the spacious lower/main unit, which features a full basement, enclosed front porch, large deck, and 2-car garage. The upper unit offers a very similar floor plan with its own separate entrance, while the back unit features a charming Cape Cod-style layout with a private back patio. Major updates have already been completed, including brand new furnaces, central A/C units, water heaters, and a new roof for added peace of mind. New flooring installed in the main unit and the back unit, along with new drywall and insulation improvements in the back unit. $10,000 worth of new doors have been ordered and will be installed near the end of July. There is also a dedicated laundry room area below the stairs to the upper unit that was created for the upper and back units and just needs finishing touches. Excellent income potential with all units separately metered. The upper unit is currently leased through November at $800/month, and the tenant would love to stay long term (and is aware of potential rent adjustments). Back unit is currently leased until June 2027, at $900/month. You can move in today and have your monthly mortgage paid for with the other two units income. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this property offers incredible flexibility, updates, and long-term value! There is also amazing opportunity to add even more value to this property with some minor interior updating. With all big ticket items being brand new, this property is a gem! The best part is that this home appraised (2025) over list price! Jump on this one today and start making tomorrow!
Location
State MI
County Genesee
Area Davison Twp (25004)
Zoning Residential
Rooms
Basement Block, Partially Finished
Interior
Heating Electric Heat, Forced Air
Cooling Central A/C
Fireplace No
Exterior
Exterior Feature Vinyl Siding
Building
Story 2 Story
Foundation Basement
Water Private Well
Structure Type Vinyl Siding
Schools
School District Davison Community Schools
Others
Ownership Private
Energy Description Electric
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by EXP Realty - Fenton
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