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Salvatore Palazzolo

salpalazzolo@icloud.com +1(248) 927-8521

$ 325,000

Est. payment | -/mo

3 Baths

5 Acres Lot

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$ 325,000

Est. payment | -/mo

Save

3 Baths

5 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality Davison Twp

Subdivision Davison Twp

MLS Listing ID 20261032111

HOA Y/N true

Year Built 1945

Annual Tax Amount $4,778

Lot Size 5.000 Acres

Acres 5.0

Lot Dimensions 363 x 594

Source Realcomp

Property Description

Rare opportunity to own a well-maintained 3-unit multifamily property situated on 5 beautiful acres in Davison! All three units offer 2 bedrooms and 1 full bath, making this a fantastic investment or owner-occupant opportunity. The current owner occupies the spacious lower/main unit, which features a full basement, enclosed front porch, large deck, and 2-car garage. The upper unit offers a very similar floor plan with its own separate entrance, while the back unit features a charming Cape Cod-style layout with a private back patio.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

Zoning Residential

Direction Take M15 to Lippincott and then turn East on Lippincott, follow it to the T and then turn right, it is the first house after the guard rail

Interior

Heating Forced Air

Cooling Central Air

Exterior

Amenities Available Pets Allowed

View Y/N No

Building

Water Well

Structure Type Vinyl Siding

Schools

School District Davison

Others

Tax ID 0523200010

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by EXP Realty - Fenton

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(248) 927-8521

salpalazzolo@icloud.com

11472 E Lippincott Boulevard Davison, MI 48423

Salvatore Palazzolo

Key Details

Location

Interior

Exterior

Building

Schools

Others

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11472 E Lippincott Boulevard