5045 W Remus Road Save Request In-Person Tour Request Virtual Tour
Deerfield Twp,MI 48858
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Accepting Backup Offers
Purchase Type For Sale
Square Footage 700 sqft
Price per Sqft $999
MLS Listing ID 79080056617
Style Apartment
Year Built 2006
Annual Tax Amount $15,897
Lot Size 3.180 Acres
Property Sub-Type Apartment
Property Description
Exceptional 10-Unit Investment Property Just West of Mt. Pleasant â€" Strong Income Potential in a Peaceful Country Setting Located just a short drive west of Mt. Pleasant, this 10-unit multifamily investment property offers a rare combination of steady rental income, future development potential, and serene rural surroundings. The property sits on a large parcel of land in a quiet, country setting, providing tenants with a peaceful lifestyle while still being close to city amenities, shopping, and employment hubs. Each of the ten units is thoughtfully designed, featuring two comfortable bedrooms and one full bathroom, making them ideal for individuals, small families, or retirees. The units are well-maintained and consistently rented, with demand driven by the appealing location and practical layout. One of the standout features of this property is the abundant land surrounding the current buildings. There is ample space available for future expansion, including the potential to build additional multifamily buildings or other complementary structures (pending any necessary approvals), which could significantly increase rental income and property value over time. From an operational standpoint, the setup is investor-friendly. Tenants are responsible for their own electricity and heating, which helps reduce the overall operating expenses for the owner. The landlord only covers the electric bill for the shared well system, along with trash service, both of which are manageable fixed costs. Because the property uses a private septic system, there are no monthly sewer charges, further lowering expenses and increasing net cash flow. Additional passive income is generated through the coin-operated laundry machines, conveniently located in two of the buildings. These machines bring in an average of approximately $250 per month, adding another steady revenue stream to the overall income picture. Whether you're looking to hold a stable income-producing asset, expand your
Location
State MI
County Isabella
Area Deerfield Twp
Zoning Residential
Interior
Heating Baseboard
Building
Foundation Crawl,Slab
Sewer Septic Tank (Existing)
Water Well (Existing)
Schools
School District Chippewa Hills
Others
Acceptable Financing Cash
Listing Terms Cash
Virtual Tour https://www.youtube.com/shorts/VwK1Yhv4msM