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
The median home value in New Haven, MI is $273,900. 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 New Haven, MI is $273,900. Approximately 70.77% of New Haven homes are owned, compared to 23.21% rented, while 6.02% are vacant. New Haven 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 New Haven real estate agent to arrange a tour today!
New Haven, Michigan 48048 has a population of 6,035. New Haven 48048 is more family-centric than the surrounding county with 32.65% of the households containing married families with children. The county average for households married with children is 28.44%.
The median household income in New Haven, Michigan 48048 is $59,107. 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 New Haven 48048 is 32 years.
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 16.3 degrees. The average rainfall is approximately 33.5 inches per year, with 32.4 inches of snow per year.