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$275,000
Est. payment /mo
1,200 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,200 sqft
Price per Sqft $229
Municipality City of Mount Clemens
Subdivision City Of Mount Clemens
MLS Listing ID 20261088660
Year Built 1971
Annual Tax Amount $5,010
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 60X90
Source Realcomp
Property Description
Turnkey Shared Living Investment: Fully Furnished 5-Bedroom Ranch, Cash Flowing from Day One!This beautifully renovated (2025) ranch is set up as a shared living home and already producing income. It offers 4 private bedrooms, each furnished with a full-size bed and TV, plus 1 shared bedroom with two twin beds. Current residents pay $4,100 per month combined, and one private room is available at $950 per month, bringing potential income to $5,050 per month.Current residents are on month-to-month leases, pay reliably, and would like to stay. If a buyer prefers the property vacant, the seller has alternative housing arranged for them, so the home can be delivered with or without tenants.The main level has a comfortable living room with a computer station, a dining area, and bedrooms with easy single-floor living. The lower level adds a fun game room with a Pac-Man arcade game, foosball table, and furnishings, plus 2 bedrooms with an egress window and a full bathroom.Additional features include central air, Wi-Fi smart door locks, and a carport. The ranch layout and main-floor living make this a strong candidate for conversion to a licensed group home or assisted living use.Turnkey package: $275,000. All furniture, dining furniture, TVs, appliances (including 2 refrigerators), and game room items stay with the home. Real estate only: $250,000.LAND CONTRACT AVAILABLE: $50,000 down, 8% interest, $2,100/month, buyer pays taxes & insurance, 3-year balloon.Minutes from downtown Mount Clemens and I-94. Whether you're an investor looking for immediate cash flow or an operator ready to grow, this one is ready to go. Schedule your showing today!
Location
State MI
County Macomb
Zoning Residential
Direction e 260s block of North Walnut St and homes on the 230s–240s block of North Broadway St
Rooms
Basement Basement
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Wood Siding,Brick
Schools
School District Mount Clemens
Others
Tax ID 1112376004
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Listed by EXP Realty Main
NEARBY SCHOOL & BUSINESS
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