11472 E Lippincott BLVD Davison Township, MI 48423
3 Baths
2,885 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Rent
Square Footage 2,885 sqft
MLS Listing ID 20261032111
Style Farmhouse,Traditional
Full Baths 3
Year Built 1945
Lot Size 5.000 Acres
Acres 5.0
Property Sub-Type MultiFamily
Property Description
Major updates have already been completed, including brand new furnaces, central A/C units, water heaters, and a new roof for added peace of mind. New flooring will be installed in the main unit prior to closing, along with new drywall improvements in the back unit. There is also a dedicated laundry room area below the stairs to the upper unit that was created for the upper and back units and just needs finishing touches.
Excellent income potential with all units separately metered. The upper unit is currently leased through November at $800/month, and the tenant would love to stay long term (and is aware of potential rent adjustments). Tenant just left back unit, also at $800/month. Estimated market rents are approximately $1,500–$1,800/month for the main unit with basement and garage, $1,200/month for the upper unit, and $1,000/month for the back unit. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this property offers incredible flexibility, updates, and long-term value! There is also amazing opportunity to add even more value to this property with some minor interior updating. With all big ticket items being brand new, this property is a gem!
But wait, there is more...home appraised last year for the price that we are listing it for this year! Owner is downsizing into a ranch and has agreed to list this to sell fast!
Location
State MI
County Genesee
Area Area08201Davisontwp
Rooms
Basement Full, Partially Finished
Interior
Heating Electric, Forced Air, Propane
Cooling Central Air
Fireplace No
Exterior
Parking Features Garage
Pool None
View Y/N No
Roof Type Asphalt
Garage true
Building
Foundation Basement, Block
Sewer Septic Tank
Water Well
New Construction No
Schools
School District Davison
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Yes
