4737 Territorial Road, Benton Harbor, MI 49022
- $325,000
- List Price
- $325,000
- Price Change
- ▼ $25,000 1784911331
- Days on Market
- 32
- MLS#
- 26031712
- Status
- ACTIVE
- Type
- Multifamily
Property Description
Turn-key investment opportunity in the heart of Millburg! This fully renovated four-unit property has undergone a down-to-the-studs transformation, including new insulation, windows, roof, updated electrical, updated plumbing, water heaters, kitchens, flooring, and more. With the major improvements already completed, this property is ready for its next owner to start leasing immediately. The building features two main-floor apartments and two upper-level apartments, including a studio-style unit with its own private exterior entrance. Each unit includes a refrigerator, stove, updated finishes, separate 100-amp electrical service, and its own water heater. The basement has been meticulously organized and labeled, making maintenance and management simple and efficient. Adding even more value, the property includes a large workshop/storage area with potential for additional income opportunities, such as a fifth unit (subject to approvals), shared laundry facility, or tenant storage space. Situated on a corner lot with a generous side yard and dedicated parking, this property offers flexibility and strong income potential. With only exterior siding left to complete, the hard work has already been done--now it's time to lease and collect rents!
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Additional Information
- Owner Pays
- Trash Collection, None
- Taxes
- $1,738
- Acres
- 0.26
- Basement
- Michigan Basement, Partial
- Heating
- Baseboard
- School District
- Benton Harbor
- Sewer
- Septic Tank
- Tenant Pays
- Electricity
- Total Parking Spaces
- 5
- Utilities
- Electricity Connected, Electricity Available, Natural Gas Available
- Water
- Well
Mortgage Calculator
Listing courtesy of Listing Agent: Anna Glassman from Listing Office: Glassman Real Estate.
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