Lapeer MI Multi Family for Sale
$465,000
47 Pope Lapeer, MI 48446
- Type:
- Multi-Family
- Sq.Ft.:
- 3,425
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1860
- Baths:
- 6.00
- MLS#:
- 60350638
- Subdivision:
- CITY OF LAPEER R ORIGINAL PLAT
ADDITIONAL INFORMATION
Great investment property near downtown Lapeer. Six 1 bedroom, 1 bath units in this renovated house. Included in the photos are some of the one and only vacant unit, but all units look relatively similar. All units have separate Gas and Electric meters with their own furnaces as well. Tenants pay their own utilities except for unit 6. Monthly income potential when it gets back to fully occupied is $4800 ($57,600 annually). Owner pays water and trash. Renovations: Include swapping out older furnaces, hot water tanks, flooring, paint, new light fixtures, and updating appliances as needed.
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Lapeer Real Estate
The median home value in Lapeer, MI is $251,000. This is higher than the county median home value of $246,100. The national median home value is $338,100. The average price of homes sold in Lapeer, MI is $251,000. Approximately 49.7% of Lapeer homes are owned, compared to 43.89% rented, while 6.41% are vacant. Lapeer 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 Lapeer real estate agent to arrange a tour today!
Lapeer, Michigan has a population of 8,911. Lapeer is less family-centric than the surrounding county with 24.85% of the households containing married families with children. The county average for households married with children is 27.63%.
The median household income in Lapeer, Michigan is $47,990. The median household income for the surrounding county is $69,194 compared to the national median of $69,021. The median age of people living in Lapeer is 40.4 years.
Lapeer Weather
The average high temperature in July is 81.9 degrees, with an average low temperature in January of 14.8 degrees. The average rainfall is approximately 33.2 inches per year, with 35 inches of snow per year.