Elizabeth St, MARINE CITY MI

Property Address

545 S Elizabeth St MARINE CITY, MI 48039, United States

Rare multi-family opportunity in beautiful waterside township of Marine City. Approximately 2 hours out of Detroit on the St Clair River, this property is walking distance from the water and town.

Fully renovated, property has nothing left to spend! Downstairs is tenanted already at $750 p/m to long-term, great tenant with upstairs 2 BR a blank canvas ready to move in or get another tenant! With a combined rent possible of over $1700 per month giving a NET ROI of almost 12% with great equity!

NET ROI after Costs 11.8%

Property Details

Size816 sq ft
Bedrooms:2
Bathrooms:1
BasementNo
Garage:No
Rental Return:$750 USD per month
Rental ROI:14.4% after deductions
Est Market Value:$150,00 USD

Deal Price: US$139,750