Lenox MI Multi Family for Sale
$165,000
30920 PROSPECT Lenox, MI 48048
- 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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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.