51259-51261 Morowske Drive
Shelby Twp, MI 48316

Description

Awesome opportunity to own a great Shelby Duplex. totally renovated in 2013 each unit is 1 bedroom 1 bath and grosses $1700/month. 9% CAP RATE AT LIST PRICE. Tenants pay all utilities. Landlord only pays annual property taxes and insurance (Approx. $2600/yr) Currently tenant occupied. One unit will be vacant as of April 1st which should be leased quickly. A 20x30 garage was built in 2018 for the landlords personal use. This can be offered to the tenants for an additional monthly rent or kept for personal use. Minimum 24 hour notice to show both units. Please do not approach tenants.

Details

MLS#219022522
Sub-TypeResale
StatusActive
Year1957
Days On Site35

Features

SQ Feet1,360
Units2
Building(s)1

Market Activity 48316

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Area Information

StateMI
CountyMacomb
CityShelby Twp
Zip Code48316
AreaShelby Twp
Listing VS Median (in 48316)
Price:
$199,900
low | high
Med:
$379,900
40.045022511256% of Average
SqFt:
1,360
low | high
Med:
2,404
26.764705882353% of Average
$ / SqFt:
$147
low | high
Med:
$158
42.487008895463% of Average
On Site:
35
low | high
Med:
4
100% of Average
Listing Updated: 04/21/2019
MLS Number: 219022522
Listing Provided By:
Jonathan E Foukes  of  Move Realty LLC
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