Map
Listed price in listed location currency (USD).
$159,900

030

MLS® 20261022276

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 2268 sqft
Garage 
Taxes $3,638
Lot Size 
Approx. Age 1910
Avg. Price Per Sqft $70
MLS® Number 20261022276

Property Address: 415 W State St, Corunna, MI, 48817-1376

Average square foot calculated using Size range provided by listing agent.

Description

Turnkey income-producing triplex in Corunna, Michigan — generating $22, 620 in annual rental income with all 3 units currently leased. This well-maintained 1910 property features a diverse unit mix: a 3-bedroom (1, 100 sq ft, $685/mo), a 2-bedroom (920 sq ft, $775/mo), and a studio (250 sq ft, $425/mo), creating multiple income streams and broad tenant appeal. At a list price of $159, 900 and a net operating income of $16, 979, this property delivers a cap rate of approximately 10.6% — well above typical market benchmarks and an outstanding return for the price point. Situated on a spacious 0.32-acre lot (102x145), the building includes an unfinished basement with upside potential, natural gas forced air heating with separate meters, deck and porch, public water and sewer, asphalt roof, and assigned parking. Priced at just $70.50/sq ft with immediate cash flow in place — this is a straightforward addition to any investment portfolio. By appointment only.
MLS® Number20261022276
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1910
BasementUnfinished
DrivewayAssigned
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
-Sold Price

Pending

Apr 16, 2026List Date
$159,900List Price

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