$220,000
Closed

516 North St

Yale, MI 48097
2.5 baths | #58050074510
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

Own This Multi-Use Space And Have Positive Cash Flow From Day 1! $3,030 in Monthly Income! Space Includes 2 Handicap Accessible Lavatories, 2 additional bathrooms,8x40 Covered Front Porch, Handicap Accessible Building With Wheelchair Ramp. Newer Solid Block & Brick Overlay Bldg. Hardwood Floors On Main Level. Lower Level Features Two Leased Rental Apts. Separate Entrances For Each Unit. Apartments Have An additional 2,500 sq feet with an Open Concept. Main Floor Central Air, Forced Air Heat. Ample Parking, Solid Bldg. Newer Roof, Furnaces, & Kitchen Area. Raised Stage, Perfect For Community Theatre, Art Classes Or Centre Gatherings. Water Tower Not Part Of Property. Income For Main Level Commercial Space: $1,400/MO, Lower Apartment #1: $895/MO, Lower Apartment #2: $735/MO. $3,030 Total Income! Situated on 1.28 Acres. Short term Land Contract Terms Now available.

  • Interior Details
      • Bathrooms2.5
      • Full Baths2
      • Half Baths1
  • Construction Details
      • Property TypeInvestment
    • Condition
      • Year Built1950
  • Community and Neighborhood Details
      • CountySt. Clair
      • School DistrictYale
      • RegionYale
  • Other
      • MLS #58050074510
  • -

    Location

    Timothy StinsonPremier Realtor | 248-933-0539