This newly updated two-unit rental property in Galesburg is a great investment opportunity! The large backyard and garage offer versatile space, while the solid rental income ensures a steady return. The spacious 2-bedroom lower unit is currently renting for $1,200 per month, with tenants responsible for trash and utilities. The 1-bedroom upper unit rents for $1,000 monthly, also with tenants covering trash and utilities. The lower unit has been recently updated with fresh paint and modern improvements, and the gas furnaces are newer for added efficiency. The roof was replaced approximately six years ago, ensuring long-term durability. This property is in great condition and ready to continue generating income--don't miss out on this fantastic opportunity!
The median home value in Galesburg, MI is $304,900. This is higher than the county median home value of $231,100. The national median home value is $338,100. The average price of homes sold in Galesburg, MI is $304,900. Approximately 47.24% of Galesburg homes are owned, compared to 41.71% rented, while 11.05% are vacant. Galesburg 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 Galesburg real estate agent to arrange a tour today!
Galesburg, Michigan has a population of 2,146. Galesburg is less family-centric than the surrounding county with 18.91% of the households containing married families with children. The county average for households married with children is 30.73%.
The median household income in Galesburg, Michigan is $37,675. The median household income for the surrounding county is $61,739 compared to the national median of $69,021. The median age of people living in Galesburg is 38.2 years.
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 17.1 degrees. The average rainfall is approximately 36.2 inches per year, with 56.3 inches of snow per year.