415 W State St, Corunna, MI 48817

Description

Turnkey income-producing triplex in Corunna, Michigan - generating $22,620 in annual rental income with all 3 units currently leased. This well-maintained 1910 property features a diverse unit mix: a 3-bedroom (1,100 sq ft, $685/mo), a 2-bedroom (920 sq ft, $775/mo), and a studio (250 sq ft, $425/mo), creating multiple income streams and broad tenant appeal. At a list price of $159,900 and a net operating income of $16,979, this property delivers a cap rate of approximately 10.6% - well above typical market benchmarks and an outstanding return for the price point. Situated on a spacious 0.32-acre lot (102x145), the building includes an unfinished basement with upside ...