This 4-Plex has a solid 20-year rental history and based on the current rents, produces almost $35,000 of gross annual income. This building was originally a church but in 2004 the ENTIRE property was remodeled. There are two 3 bedroom with 2 bathroom units that are two stories and feature things like second floor laundry and walk-in closets. The third unit is also two-story and has 2 bedrooms and 1 bathroom and the fourth is 2 bedroom and 1 bathroom that features one level living. All units have their own laundry, furnace, central air unit, water heater, septic, and utility meter. Tenants are currently month to month and pay their own utility costs. There is plenty of on-site parking and many other features that make this property a turnkey investment with enormous upside!
Are you looking for an awesome investment opportunity?! I've got the perfect property for you - a true triple threat! This property features a total of THREE rental units, talk about cash flow potential! First up is a duplex just waiting for your creative vision to shine - each unit has one bedroom and bathroom ready for renovation with your personal flair. Even better, separate electrical meters mean individual utility bills for easy accounting. But wait, there's more! A pole barn provides great storage for all your lawn equipment and toy's. Also on the property is a charming 1979 Windsor single wide mobile home already rented out. With two bedrooms and one bath, the living room and kitchen offer an open concept layout. The furnace was just updated in 2022 and the roof was sealed in 2023. This versatile property is primed for profits - don't miss out on this chance to be a landlord!
The median home value in Riverdale, MI is $73,000. This is lower than the county median home value of $133,200. The national median home value is $338,100. The average price of homes sold in Riverdale, MI is $73,000. Approximately 87.39% of Riverdale homes are owned, compared to 12.61% rented, while 0% are vacant. Riverdale 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 Riverdale real estate agent to arrange a tour today!
Riverdale, Michigan 48877 has a population of 252. Riverdale 48877 is less family-centric than the surrounding county with 17.36% of the households containing married families with children. The county average for households married with children is 26.14%.
The median household income in Riverdale, Michigan 48877 is $39,219. The median household income for the surrounding county is $53,347 compared to the national median of $69,021. The median age of people living in Riverdale 48877 is 54.6 years.
The average high temperature in July is 82.3 degrees, with an average low temperature in January of 14.7 degrees. The average rainfall is approximately 32.9 inches per year, with 42.4 inches of snow per year.