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1330 Stephenson Avenue Escanaba, MI 49829
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Key Details
Sold Price $154,255
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,150 sqft
Price per Sqft $71
Subdivision Mi
MLS Listing ID 50154358
Sold Date 10/18/24
Style 2 Story
Bedrooms 5
Full Baths 2
Year Built 1895
Annual Tax Amount $2,505
Tax Year 2023
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50x125
Property Description
This listing sounds like a solid opportunity for both investors and potential homeowners looking to offset their mortgage with rental income. The duplex offers two separate units, with the lower one featuring recent updates like new paint and flooring, and already rented at $1,500 per month plus electric. The upper unit is smaller, with two bedrooms, one bath, and wood floors, bringing in $900 per month plus electric. Additionally, the property has a newly installed roof and a soon-to-be-installed hot water boiler, which adds value and reduces immediate maintenance concerns. The full basement with a half bath offers extra space, which could be a bonus for the main floor tenants. It's a great way to start building equity, especially with both units already generating rental income!
Location
State MI
County Delta
Area Escanaba (21010)
Zoning Mixed Use,Multi-Family
Rooms
Basement Full
Dining Room Eat-In Kitchen
Kitchen Eat-In Kitchen
Interior
Interior Features Hardwood Floors
Heating Boiler
Cooling None
Fireplace No
Appliance Range/Oven, Refrigerator
Exterior
Exterior Feature Vinyl Siding
Garage Detached Garage, Electric in Garage
Garage Spaces 2.0
Amenities Available Park, Playground
Waterfront No
Building
Story 2 Story
Foundation Basement
Water Public Water, Public Water at Street
Structure Type Vinyl Siding
Schools
School District Escanaba Area Public Schools
Others
Ownership LLC
SqFt Source Assessors Data
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional,FHA
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Bought with KEY REALTY DELTA COUNTY LLC