Shelby MI Multi Family for Sale

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Type:
Multi-Family
Sq.Ft.:
2,191
Status:
Active
Beds:
n/a
Lot size:
0.19 Acres
Baths:
MLS#:
70422238

ADDITIONAL INFORMATION

Cash Flow Investment. Monthly Rental Income pf $3,250 less monthly utility bills of $800 = $2,450 of monthly revenue. After annual taxes and insurance there will be plenty of free cash flow! Square footage is estimated from the public records.

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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


Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.



Shelby Real Estate

The median home value in Shelby, MI is $310,000. This is higher than the county median home value of $182,000. The national median home value is $338,100. The average price of homes sold in Shelby, MI is $310,000. Approximately 64.71% of Shelby homes are owned, compared to 27.43% rented, while 7.86% are vacant. Shelby 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 Shelby real estate agent to arrange a tour today!

Shelby, Michigan has a population of 2,627. Shelby is more family-centric than the surrounding county with 29.74% of the households containing married families with children. The county average for households married with children is 23.84%.

The median household income in Shelby, Michigan is $56,000. The median household income for the surrounding county is $56,454 compared to the national median of $69,021. The median age of people living in Shelby is 28.3 years.

Shelby Weather

The average high temperature in July is 80.1 degrees, with an average low temperature in January of 15.7 degrees. The average rainfall is approximately 34.8 inches per year, with 73.8 inches of snow per year.

Shelby Real Estate Market Conditions

  • Median sales price

    $310,000
    16.5% change since last quarter
  • # Active listings

    106
    30-day change

Shelby Schools and Demographics

Education near Shelby, MI

Metric City County
High School Graduates 81.73 88.38
College Degree - 2 year 5.15 10.11
College Degree - 4 year 12.12 20.27
Graduate Degree 2.01 5.19
Expenditures per Student 13,222 13,222
Students per Teacher 14.8 14.8

Elementary Schools near Shelby, MI

School Grades Students P/T Ratio ZIP
Montague Area Childhood Center PK - KG 133 14.6 49437
New Era Elementary School 01 - 05 230 22.1 49446
Oehrli Elementary School 01 - 05 575 20.3 49437
Spitler Elementary School KG - 04 515 14.6 49420
Thomas Read Elementary School KG - 05 402 20.4 49455

Middle Schools near Shelby, MI

School Grades Students P/T Ratio ZIP
Hart Middle School 05 - 08 388 19.4 49420
Nellie B. Chisholm Middle School 06 - 08 369 19.3 49437
Shelby Middle School 06 - 08 289 16.3 49455

High Schools near Shelby, MI

School Grades Students P/T Ratio ZIP
Hart High School 09 - 12 381 21.6 49420
Montague High School 09 - 12 402 18.8 49437

Ungraded Schools near Shelby, MI

School Grades Students P/T Ratio ZIP
* Shelby High School 09 - 12 444 21.2 49455
Early Childhood PK - PK 0 49420

Demographics near Shelby, MI

Metric City County
Neighborhood Type Small Town
Population 2,627 26,555
Population Density 1,600 49
Median Age 28.3 43.5
People per Household 3.3 2.6
Median Household Income 56,000 56,454
Average Income per Capita 20,563 26,289