Welcome to 333 Woodward Avenue, an exceptional investment opportunity located in the heart of Rochester! This well-maintained property features four units: two spacious 1-bedroom apartments and two cozy studio units, offering the perfect blend of comfort and practicality for tenants. Property is situated in a desirable neighborhood with easy access to downtown Rochester�s shops, restaurants, and parks, making it a sought-after rental property. Private storage is available in the basement for each tenant. 4 car garage is an option to lease for tenants. 1 garage unit currently rented separately for $85/mo. Windows are 8 years old, roof is 12 years old, and boiler is 9 years old. Electrical is separately metered. Water and gas paid by landlord. Whether you're looking to expand your portfolio or secure a reliable source of passive income, this property is ready to deliver. Don't miss out on this opportunity to own a turnkey multi-family property in a thriving market!
The median home value in Rochester, MI is $515,000. This is higher than the county median home value of $304,600. The national median home value is $338,100. The average price of homes sold in Rochester, MI is $515,000. Approximately 61.84% of Rochester homes are owned, compared to 29.67% rented, while 8.49% are vacant. Rochester 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 Rochester real estate agent to arrange a tour today!
Rochester, Michigan has a population of 13,048. Rochester is more family-centric than the surrounding county with 36.92% of the households containing married families with children. The county average for households married with children is 32.55%.
The median household income in Rochester, Michigan is $100,021. The median household income for the surrounding county is $86,275 compared to the national median of $69,021. The median age of people living in Rochester is 39.4 years.
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 15.7 degrees. The average rainfall is approximately 32.2 inches per year, with 32.7 inches of snow per year.