Shelby MI Multi Family for Sale
- 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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Shelby Real Estate
The median home value in Shelby, MI is $250,000. 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 $250,000. 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.