MI > Saint Clair
Saint Clair, MI 48079,5054 Gratiot Avenue
Saint Clair, MI 48079,5054 Gratiot Avenue
Saint Clair, MI 48079,5054 Gratiot Avenue
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Catherine McMurray

Catherine McMurray

+1(586) 291-1492
$268,000
Est. payment /mo
6 Beds
5 Baths
3,000 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $89

MLS Listing ID 50185536

Style 2 Story

Bedrooms 6

Full Baths 5

Abv Grd Liv Area 3,000

Year Built 1960

Annual Tax Amount $4,361

Lot Size 0.550 Acres

Acres 0.55

Lot Dimensions 92 x 308 x 109 x 251

Property Sub-Type Single Family

Property Description

Discover this updated, income-generating 5-unit apartment building on a .55 acre lot, with a large garage! Unit updates include some flooring, paint, 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. This property does have some deferred maintenance and is in need of some upgrades- an exceptional value-add opportunity for investors or entrepreneurs! 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 used only for the furnace and hot water tanks-- this property is both profitable and efficient. Five separate electric meters add convenience 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 this 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. A well & septic inspection have already been done- Contact the listing agent today for full details on this versatile investment!

Location

State MI

County St. Clair

Area St Clair Twp (74047)

Zoning Non-Conforming,Residential

Rooms

Basement Block

Interior

Hot Water Gas

Heating Wall Heat, Forced Air

Cooling Wall/Window A/C

Appliance Range/Oven, Refrigerator

Exterior

Parking Features Detached Garage, Workshop

Garage Spaces 2.5

Garage Yes

Building

Story 2 Story

Foundation Slab

Water Other-See Remarks, Private Well

Architectural Style Other

Structure Type Vinyl Siding

Schools

School District Marysville Public School District

Others

Ownership Private

SqFt Source Public Records

Energy Description Electric,Natural Gas

Financing Cash,Conventional

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MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by KW Platinum

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Catherine McMurray

Catherine McMurray

+1(586) 291-1492

Agent | License ID: 6501395313

Agent License ID: 6501395313

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