Lenox MI Multi Family for Sale

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Type:
Multi-Family
Sq.Ft.:
1,354
Status:
Active
Beds:
n/a
Lot size:
0.17 Acres
Year built:
1925
Baths:
2.00
MLS#:
60340118
Subdivision:
CHARLES L COLES ADDITION

ADDITIONAL INFORMATION

Great Buy and Hold or easy flip opportunity. Currently occupied by long term tenants and has potential monthly income of $1700. The building is in great shape. Needs some minor work on the outside (paint, landscaping, could use a garage). Inside finishes and condition are great. Can be converted to a SFR for $20,000 - $25,000 in Rehab Costs (Enclose Stairwell or add one inside, convert upper kitchenette into bedroom, Paint and Minor Interior Finishes) ARV on SFR for this Sq Footage in the same neighborhood is $270K. BATVAI

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Andrea D. Conner, License 6502432340, Xome Inc., License 6505376883, [email protected], 844-400-XOME (9663), 71 Walnut, Suite 206, Rochester, MI 48307


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Lenox Real Estate

The median home value in Lenox, MI is $375,000. This is higher than the county median home value of $222,600. The national median home value is $338,100. The average price of homes sold in Lenox, MI is $375,000. Approximately 76.61% of Lenox homes are owned, compared to 16.69% rented, while 6.71% are vacant. Lenox 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 Lenox real estate agent to arrange a tour today!

Lenox, Michigan has a population of 11,975. Lenox is more family-centric than the surrounding county with 35.81% of the households containing married families with children. The county average for households married with children is 28.44%.

The median household income in Lenox, Michigan is $63,391. The median household income for the surrounding county is $67,828 compared to the national median of $69,021. The median age of people living in Lenox is 35.9 years.

Lenox Weather

The average high temperature in July is 82.3 degrees, with an average low temperature in January of 16.4 degrees. The average rainfall is approximately 33.4 inches per year, with 32.4 inches of snow per year.

Lenox Real Estate Market Conditions

  • Median sales price

    $375,000
    10.8% change since last quarter
  • # Active listings

    18
    30-day change

Lenox Schools and Demographics

Education near Lenox, MI

Metric City County
High School Graduates 84.92 90.39
College Degree - 2 year 10.74 10.81
College Degree - 4 year 18.58 26.15
Graduate Degree 1.84 7.18
Expenditures per Student 13,444 13,444
Students per Teacher 17.6 17.6

Elementary Schools near Lenox, MI

School Grades Students P/T Ratio ZIP
Ashley Elementary School KG - 05 478 20.1 48047
Atwood Elementary School KG - 05 677 23.1 48042
Beck Centennial Elementary School PK - 06 640 18.4 48042
Chesterfield Elementary School KG - 05 369 20.3 48051
Dean A. Naldrett School PK - 05 184 14.1 48047
Francis A. Higgins Elementary School PK - 05 479 17.2 48051
Great Oaks Elementary School KG - 05 440 20.4 48047
Green Elementary School PK - 05 441 17.5 48047
Joseph M. Carkenord Elementary School KG - 05 465 22.9 48051
Lighthouse Elementary School KG - 05 485 20.2 48047
Lottie M. Schmidt Elementary School KG - 05 335 17.8 48047
New Haven Administration PK - PK 0 48048
New Haven Elementary School KG - 05 579 19.9 48048
Sequoyah Elementary School PK - 05 773 21.1 48042
Sugarbush Elementary School PK - 05 278 18 48047

Middle Schools near Lenox, MI

School Grades Students P/T Ratio ZIP
Anchor Bay Middle School North 06 - 08 960 23.6 48047
Anchor Bay Middle School South 06 - 08 516 19.4 48047
Endeavour Middle School 06 - 08 259 17.4 48096
L'Anse Creuse Middle School - East 06 - 08 739 20.1 48051
L'Anse Creuse Middle School - North 06 - 08 728 20.1 48042

High Schools near Lenox, MI

School Grades Students P/T Ratio ZIP
L'Anse Creuse High School - North 09 - 12 1,869 23.6 48042
New Haven High School 09 - 12 365 21.2 48048

Ungraded Schools near Lenox, MI

School Grades Students P/T Ratio ZIP
* Lake Huron Virtual & Hybrid High School 09 - 12 20 22.2 48048
Compass Pointe KG - 12 100 23.5 48047
Merritt Academy PK - 12 543 14.4 48048

Demographics near Lenox, MI

Metric City County
Neighborhood Type
Population 11,975 879,123
Population Density 309 1,834
Median Age 35.9 40.9
People per Household 2.8 2.5
Median Household Income 63,391 67,828
Average Income per Capita 26,814 34,880