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Multi-Family, 2 Story - Algonac, MI
Great income producing property! Appraised June 2024 for $580,000 and the income has only grown since! Over 100 feet of North Channel frontage and over 1 acre land. Incredible piece of property that also produces income. 2 Waterfront Multifamily homes! 4 units total and all are leased. Newer seawall. Colonial lower unit is 1 bdrm (possibly 2), 1.5 bath, fireplace, laundry ($2000.00 per month). Colonial upper unit is 2 bdrm, 1 bath, fireplace, laundry and amazing views ($1400 per month income). The ranch duplex has 2 units, both 1 bdrm, 1 bath ($900 per month and $1200 per month). The ranch duplex has shared laundry area. ALL appliances stay (4 fridge, 4 stoves, 3 washer/dryer, 1 dishwasher). Tenants pay utilities, gas, electric separate meters (water on one meter, tenants pay owner for water). Live in one unit and rent out 3 others may be an option for you. Anyway you work it this ...
Great income producing property! Appraised June 2024 for $580,000 and the income has only grown since! Over 100 feet of North Channel frontage and over 1 acre land. Incredible piece of property that also produces income. 2 Waterfront Multifamily homes! 4 units total and all are leased. Newer seawall. Colonial lower unit is 1 bdrm (possibly 2), 1.5 bath, fireplace, laundry ($2000.00 per month). Colonial upper unit is 2 bdrm, 1 bath, fireplace, laundry and amazing views ($1400 per month income). The ranch duplex has 2 units, both 1 bdrm, 1 bath ($900 per month and $1200 per month). The ranch duplex has shared laundry area. ALL appliances stay (4 fridge, 4 stoves, 3 washer/dryer, 1 dishwasher). Tenants pay utilities, gas, electric separate meters (water on one meter, tenants pay owner for water). Live in one unit and rent out 3 others may be an option for you. Anyway you work it this vast property is beautiful, peaceful, and a great waterfront investment.
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