Silverwood MI Multi Family for Sale
$443,000
4802 MAYVILLE Silverwood, MI 48760
- Type:
- Multi-Family
- Sq.Ft.:
- 4,000
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 2.75 Acres
- Year built:
- 1972
- Baths:
- 4.00
- MLS#:
- 60342312
ADDITIONAL INFORMATION
Welcome to your perfect investment opportunity! Nestled down a quiet private country road, this fully occupied 4-unit apartment building offers tranquility and space on 2.75 picturesque acres. Each spacious unit features 3 bedrooms and 1 bathroom, making it ideal for tenants seeking a peaceful, countryside lifestyle. Three of the four units have been extensively renovated within the last five years. The property includes a shared laundry facility equipped with coin-operated machines, adding convenience for tenants and additional income for the owner. With tenants responsible for their own electric, and the owner covering propane heating (powered by a new boiler installed in the last five years), this low-maintenance property is a prime investment for both new and seasoned investors. All units are currently occupied, with tenants on month-to-month leases, providing flexibility and adjustable income potential for new owners. Don�t miss out on this rare opportunity to own a serene, income-generating property in a peaceful rural setting. If you�ve ever dreamed of becoming an investor, now is your chance! This is an agent owned property.
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.
Silverwood Real Estate
The median home value in Silverwood, MI is $160,000. This is lower than the county median home value of $246,100. The national median home value is $338,100. The average price of homes sold in Silverwood, MI is $160,000. Approximately 72.28% of Silverwood homes are owned, compared to 6.39% rented, while 21.34% are vacant. Silverwood 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 Silverwood real estate agent to arrange a tour today!
Silverwood, Michigan has a population of 1,465. Silverwood is more family-centric than the surrounding county with 33.44% of the households containing married families with children. The county average for households married with children is 27.63%.
The median household income in Silverwood, Michigan is $53,167. The median household income for the surrounding county is $69,194 compared to the national median of $69,021. The median age of people living in Silverwood is 48.1 years.
Silverwood Weather
The average high temperature in July is 81.5 degrees, with an average low temperature in January of 13.6 degrees. The average rainfall is approximately 32 inches per year, with 36.3 inches of snow per year.