Map
Link Copied
Listed price in listed location currency (USD).
$268,000

650

MLS® 58050185537

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 3000 sqft
Garage Yes
Taxes $4,361
Days Active 129
Lot Size 0.55 acres
Approx. Age 1960
Avg. Price Per Sqft $89
MLS® Number 58050185537

Property Address: 5054 Gratiot Ave, Saint Clair, MI, 48079-1433

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

Description

**Open House- Sunday 12/21 from 12-1:30pm** Discover this updated, income-generating 5-unit apartment building on a .55 acre lot, with a large garage! Unit updates include some flooring, paint, closets, and bathroom upgrades. Recent major improvements include two 50-gallon hot water tanks and roof work (2024), a new well pump & pressure regulator, and a septic system that's professionally serviced annually. This property does have some deferred maintenance and is in need of some upgrades- an exceptional value-add opportunity for investors or entrepreneurs! The property features three 1 bed/1 bath units, one 1+/1 unit, and one 2 bed/1 bath unit, plus a spacious 2.5-car garage with ample parking. With $3, 650 in monthly rental income, lower township taxes, and natural gas used only for the furnace and hot water tanks-- this property is both profitable and efficient. Five separate electric meters add convenience and ease of management. Additional permitted uses expand the potential of this property even further: consider operating a daycare center, bed & breakfast, senior day care facility, or even running your own business from this property. Ideally located just minutes from the expressway and downtown Marysville, within the desirable Marysville School District (St. Clair Township mailing address), this property offers privacy, accessibility, and multiple income opportunities. A well & septic inspection have already been done- Contact the listing agent today for full details on this versatile investment!
MLS® Number58050185537
Laundry Level
Central VacNo
FireplaceNo
Acreage0.55
Exterior
GarageYes
Approx. Age1960
BasementBlock
DrivewayTwo and Half Car Garage, Assigned 2 Spaces, Detached, Lighted
Garage Spaces2
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 18, 2025List Date
$268,000List Price
  • Commute

Commute

Starting Address
Destination Address
5054 Gratiot Ave, Saint Clair, MI

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Comparable Properties