Incredible Investment Opportunity in Historic Albion City! Don't miss this rare chance to own a lovely updated 4-plex in the heart of Albion, priced to sell! Originally a grand single-family home, this property had been thoughtfully transformed into four spacious, charming units that offer a fantastic mix of character and modern convenience. Whether you're looking for a multi-family investment or a home with rental income potential, this property delivers. Property Highlights: • Unit 1: 2 bedrooms, 1 full bath - cozy and comfortable. • Unit 2: 3 bedrooms, 2.5 baths - spacious with plenty of room to grow. • Unit 3: 4 bedrooms, 3 baths - the largest unit, offering ample space and privacy for tenants. • Unit 4: 1 bedroom, 1 bath - a charming upstairs retreat. Key Features:
This spacious multi-family home in Jackson County offers 3 units, making it an ideal investment property! The front unit features 1 bedroom with a possible 2nd, 2 bathrooms, a large kitchen, dining room, living room, laundry, storage room, and a 1.5-car garage. The second unit, located upstairs, includes 2 bedrooms, 1 bath, a living room with a closet, and a kitchen. The back unit offers 1 bedroom, 1 bath, a kitchen, living room, and closet space. Large Carport. Natural gas heating throughout, with a new roof on the back and the remainder from 2008. Sale includes parcel 000-06-31-401-003-02. Situated on 1.55 acre lot. Needs TLC and is being sold ''as is''. Close to Albion, 10 minutes from both Marshall & Jackson.
Attention Investors! This tri-plex is poised to become a fantastic income-generating property, bringing you substantial revenue for years to come. Some of the major renovations are already complete, including: new windows, updated electrical and most of the new siding installed. If you're ready roll up your sleeves and tackle the remaining projects, a good ROI is waiting for you. Being sold As Is Friendly neighborhood and convenient location. BTVAI
Triplex investment opportunity! This property sits on a double lot in the developing city of Albion. It boasts side by side units with private entrances, new updates including windows, vinyl siding, soffit and fascia, insulation, and separated utilities with the exception of water and garbage. Attached 2+ car garage with parking for 3 vehicles and fenced in backyard. 100% occupied with reliable, long-term tenants that pay on time and wish to stay. There is also an additional office space with a half bath and private entrance separate from the units.
The median home value in Albion, MI is $103,700. This is lower than the county median home value of $155,300. The national median home value is $338,100. The average price of homes sold in Albion, MI is $103,700. Approximately 43.9% of Albion homes are owned, compared to 35.21% rented, while 20.89% are vacant. Albion real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Albion real estate agent to arrange a tour today!
Albion, Michigan 49224 has a population of 8,061. Albion 49224 is less family-centric than the surrounding county with 22.19% of the households containing married families with children. The county average for households married with children is 25.27%.
The median household income in Albion, Michigan 49224 is $36,891. The median household income for the surrounding county is $53,286 compared to the national median of $69,021. The median age of people living in Albion 49224 is 27.9 years.
The average high temperature in July is 81.8 degrees, with an average low temperature in January of 16 degrees. The average rainfall is approximately 34.5 inches per year, with 42.8 inches of snow per year.