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$159,900
-- Bed
- 3 Baths
3 full baths
2,268sqft
415 W State St, Corunna City Shiawassee, MI 48817
$159,900
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Multi Family
Built in 1910
$-- HOA
0.32 acre lot
$71/sq.ft
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 po...
Property Details
Status
Pending
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1910
HOA Fees
-
Finished Area
2,268 sqft
Lot Size
0.32 acre lot
Basement Area
- sqft
MLS Name
Realcomp MLS
MLS Number
20261022276
MLS Status
Pending
Days on Market
42
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