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Listed price in listed location currency (USD).
$750,000

040

MLS® 20261057040

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 2200 sqft
Garage 
Taxes $6,797
Days Active 0
Lot Size 0.15 Acres
Approx. Age 1972
Avg. Price Per Sqft $340
MLS® Number 20261057040

Property Address: 318 Blanche Street, Plymouth, MI, 48170

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

Description

Turnkey 4-unit quadruplex in Plymouth's Historic Old Village, just blocks from downtown Plymouth and Kellogg Park. 100% leased with all four 1BR/1BA units occupied, generating $60, 000 in in-place annual gross rent. Recent lease activity shows meaningful embedded rent growth: the longest-tenured resident just renewed at $1, 225/mo (up 31% from her prior $935 rent), while a newly signed lease reflects a market-tested $1, 325/mo, the highest in the building. Two of the four units remain priced below this level, giving a new owner a clear, low-capex path to mark rents to market as leases turn. Self-managed with a lean ~$13, 300 annual operating expense load (taxes, insurance, utilities, repairs/maintenance, landscaping); no management fee has historically been charged. Tenants pay electric; owner covers water, sewer, trash, and natural gas heat. Slab foundation, vinyl exterior, asphalt roof. Ideal for a first-time investor, 1031 exchange buyer, or owner-operator seeking a turnkey income-producing asset in western Wayne County. Buyer/buyer's agent to verify all information.
MLS® Number20261057040
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1972
Basement
Driveway
Garage Spaces
HeatNatural Gas, Wall Furnace
A/C

Extras

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