5054 Gratiot AVE Open House Save Request In-Person Tour Request Virtual Tour
Saint Clair,MI 48079
OPEN HOUSE
Sat Nov 22, 12:30pm - 2:00pm
Key Details
Property Type Single Family Home
Sub Type SingleFamilyResidence
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $91
MLS Listing ID 58050185536
Style Apartment,Other
Bedrooms 6
Full Baths 5
Year Built 1960
Property Sub-Type SingleFamilyResidence
Property Description
** Open House this Saturday 11/22, from 12:30-2pm!! ** Discover this updated, income-generating 5-unit apartment building-an exceptional opportunity for investors or entrepreneurs! Unit updates include flooring, fresh paint, updated closets, and bathroom upgrades. Recent major improvements include two 50-gallon hot water tanks and roof work (2024), a new well pump & pressure regulator, and a septic system that's professionally serviced annually. The property features three 1 bed/1 bath units, one 1+/1 unit, and one 2 bed/1 bath unit, plus a spacious 2.5-car garage with ample parking. With $3,650 in monthly rental income, lower township taxes, and natural gas only used for the furnace and hot water tanks-- this property is both profitable and efficient. Five separate electric meters add convenience for tenants and ease of management. Additional permitted uses expand the potential of this property even further! Consider operating a daycare center, bed & breakfast, senior day care facility, or even running your own business from the property. Ideally located just minutes from the expressway and downtown Marysville, within the desirable Marysville School District (St. Clair Township mailing address), this property offers privacy, accessibility, and multiple income opportunities. Contact the listing agent today for full details on this versatile investment!
Location
State MI
County Stclair
Area Area10171Stclairtwp
Interior
Heating Electric, ForcedAir, NaturalGas, WallFurnace
Cooling WallWindowUnits
Exterior
Parking Features TwoandHalfCarGarage,Detached,Garage,Lighted
Garage Spaces 2.5
Pool None
View Y/N No
Building
Foundation Block, Slab
Sewer SepticTank
Water Other, Well
Schools
School District Marysville
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard