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Buy a multi-family propertyat 25763 GIBRALTAR, Flat Rock, MI 48134

$250,000

$269,900 (-7.37%)

$0/mo

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Multifamily

2,169 Sq. Ft.

9,147 Sq. Ft. lot

326 Days on market

60229265 MLS ID

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About 25763 GIBRALTAR multi-family property

1st Unit: Welcome to this spacious 2-bedroom home, featuring an additional non-conforming 3rd bedroom/office and 2 full baths. Step inside and be greeted by the inviting ambiance created by the beautiful hardwood flooring and new carpeting throughout. The large kitchen is a chef's dream, offering ample counter space and storage. The convenience of second-floor laundry eliminates the hassle of carrying laundry up and down the stairs. With all these desirable features, you can expect to lease this unit in the $1700-$1800/month range. 2nd Unit: Tucked away behind the main house, you'll find a cozy 1-bedroom, 1-bath house that offers privacy and tranquility. Currently leased through June 2024 at $950/month, this unit presents an excellent investment opportunity. Enjoy the convenience of in-unit laundry, allowing you to tackle your laundry needs with ease. Whether you choose to continue renting it out or make it your own, the possibilities are endless. Both units have separate gas and electric meters, allowing each tenant to handle their own utility bills independently. As a bonus, the landlord takes care of the water expenses, offering added convenience. Situated within walking distance to downtown Flat Rock, you'll have easy access to a vibrant community brimming with shops, restaurants, and entertainment options. Don't miss out on this exceptional real estate opportunity. Schedule a showing today and experience the potential of this versatile property in downtown Flat Rock.
1st Unit: Welcome to this spacious 2-bedroom home, featuring an additional non-conforming 3rd bedroom/office and 2 full baths. Step inside and be greeted by the inviting ambiance created by the beautiful hardwood flooring and new carpeting throughout. The large kitchen is a chef's dream, offering ample counter space and storage. The convenience of second-floor laundry eliminates the hassle of carrying laundry up and down the stairs. With all these desirable features, you can expect to lease this unit in the $1700-$1800/month range. 2nd Unit: Tucked away behind the main house, you'll find a cozy 1-bedroom, 1-bath house that offers privacy and tranquility. Currently leased through June 2024 at $950/month, this unit presents an excellent investment opportunity. Enjoy the convenience of in-unit laundry, allowing you to tackle your laundry needs with ease. Whether you choose to continue renting it out or make it your own, the possibilities are endless. Both units have separate gas and electric meters, allowing each tenant to handle their own utility bills independently. As a bonus, the landlord takes care of the water expenses, offering added convenience. Situated within walking distance to downtown Flat Rock, you'll have easy access to a vibrant community brimming with shops, restaurants, and entertainment options. Don't miss out on this exceptional real estate opportunity. Schedule a showing today and experience the potential of this versatile property in downtown Flat Rock.

Property details

Property Access

Paved Street

Basement

Block

Bathrooms

3 full bathrooms

Building

2,169 square feet

2 total units

Built in 1924

Style: 2 Story

Colonial

Community

Laundry Facility

Cooling

Central A/C

Exterior Features

Aluminum

Foundation

Basement

Slab

Water Features

Gas

Public Water

Heating

Natural Gas

Forced Air

Listing

Originating MLS: RealComp

Sale/rent: For Sale

Location

Area: Flat Rock (82174)

County: Wayne

Cross street: Gibraltar and Huron River

Subdivision: HENRY H SHEEKS SUB

Lot

Lot size: 65.00 x 140.00

0.21 acres

Parking

Garage

Property

Residential

Schools

School district: Flat Rock Community Schools

Sewer

Public Sanitary

Taxes

Total amount: $4,614

Unit One

Rent: $950

Unit Two

Rent: $1,850

Unit Five

Bedroom 2 width: 65

Monthly cost

Estimated monthly cost

$1,756/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Sale and tax history

Sales history

Date

Feb 9, 2022

Price

$160,000

DatePrice
Feb 9, 2022$160,000

Schools

This home is within the Flat Rock Community Schools.

Flat Rock enrollment policy is not based solely on geography. Please check the school district website to see all schools serving this home.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$235,000

+$7,500

$242,500

Seller agent commission$7,500 (3%)*

$0 (0%)

Buyer agent commission$7,500 (3%)*

$7,500 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $7,500 more selling your home
with an Unreal Estate agent

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State

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Unreal Estate checked: May 7, 2024 at 10:14 p.m.

Data updated: Jul 31, 2023 at 5:58 p.m.

Courtesy of Remerica Integrity II.
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Listing Information © 2024 MiRealSource Inc. All Rights Reserved.

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