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Additional details

Realtyflo Inc

team@dtrdetroit.com +1(313) 466-7253

$ 699,900

Est. payment -/mo

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Accepting Backup Offers

5045 W Remus Road Deerfield Twp, MI 48858

700 SqFt

UPDATED:

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

Originating Board Central Michigan Association of REALTORS®

Year Built 2006

Annual Tax Amount $15,897

Lot Size 3.180 Acres

Acres 3.18

Lot Dimensions 180X470

Property Sub-Type Apartment

Property Description

Exceptional 10-Unit Investment Property Just West of Mt. Pleasant Ã¢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

Fireplace no

Heat Source Electric

Exterior

Garage no

Building

Foundation Crawl, Slab

Sewer Septic Tank (Existing)

Water Well (Existing)

Architectural Style Apartment

Level or Stories 2 Story

Schools

School District Chippewa Hills

Others

Pets Allowed Yes

Tax ID 050192000505

Ownership Private Owned

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Virtual Tour https://www.youtube.com/shorts/VwK1Yhv4msM

Listed by Keith D Cotter of DOUGLAS DAY PROPERTY GROUP

Realtyflo Inc

Brokerage | License ID: 6505386963

+1(313) 466-7253

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