18
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$159,900
Est. payment /mo
3 Baths
0.32 Acres Lot
New
415 W State Street Corunna, MI 48817
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261022276
Year Built 1910
Annual Tax Amount $3,638
Lot Size 0.320 Acres
Acres 0.32
Lot Dimensions 102x145
Source Realcomp
Property 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.
Location
State MI
County Shiawassee
Zoning Residential
Direction Norton Street / Mizn / er Street
Rooms
Basement Michigan Basement
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Wood Siding
Schools
School District Corunna
Others
Tax ID 0261003400300
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Real Estate For A CAUSE
NEARBY SCHOOL & BUSINESS
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