Sterling Heights MI Multi Family for Sale

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Type:
Multi-Family
Sq.Ft.:
2,145
Status:
Active
Beds:
n/a
Lot size:
0.69 Acres
Year built:
1960
Baths:
4.00
MLS#:
60346973

ADDITIONAL INFORMATION

SUPERIOR income property with TONS of improvement value still remaining to maximize this investment as a multi-unit residence - or keep it open and enjoy a spaciously large; vastly updated single family residence! Situated on 3/4 of an acre, surrounded by protected woodland, completely fenced in with a boat gate, this beautiful property feels like the country�yet is in the PERFECT LOCATION. Situated next to Hall Rd, 19 mile, in the center of the major community river walk renovation, all major shopping and ease of transportation, this location is highly desirable and extremely large! Generate $63,000 yearly income, with a $677,900 approximate complete improvement value, for approximately $25,000 (being provided by the seller!). This unfinished 3,353 SF colonial/split ranch includes 2 kitchens and a kitchenette, 3 laundry rooms, 3.5 baths, 7 bedrooms + Studio, 3 separate entrance/exit points. Updated electrical, plumbing, new furnace, 30-year roof, new flooring, high end casement windows, new countertops and cabinets (with granite on hand for any investor to finish the kitchenette with downstairs! Add an egress window for $5k to maximize with your concessions and increase your income opportunity into three units by finishing the studio)! All bedrooms in unit #1 were previously individually rented at $800/mo (x3) each, generating $2,400/mo. income. The anticipated income of having all three units occupied is $63,000 per year (minimally). The anticipated improvement value is $677,900 upon completion. Seller is willing to complete additional scope of repairs in written offer (and is consistently working on the home to improve value). Realtor is the seller and primary occupant. Furniture in home negotiable for purchaser to make furnished units. Supplies and materials to finish home included. Riding lawnmower included. With these kinds of return on investment (+ $223,406 with $25,000 invested), this property won't last long! Come see it today. Must be accompanied by Realtor.

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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.



Sterling Heights Real Estate

The median home value in Sterling Heights, MI is $306,500. This is higher than the county median home value of $222,600. The national median home value is $338,100. The average price of homes sold in Sterling Heights, MI is $306,500. Approximately 73.01% of Sterling Heights homes are owned, compared to 23.82% rented, while 3.17% are vacant. Sterling Heights 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 Sterling Heights real estate agent to arrange a tour today!

Sterling Heights, Michigan has a population of 134,062. Sterling Heights is more family-centric than the surrounding county with 29.96% of the households containing married families with children. The county average for households married with children is 28.44%.

The median household income in Sterling Heights, Michigan is $70,211. The median household income for the surrounding county is $67,828 compared to the national median of $69,021. The median age of people living in Sterling Heights is 41.3 years.

Sterling Heights Weather

The average high temperature in July is 82.8 degrees, with an average low temperature in January of 18.5 degrees. The average rainfall is approximately 33 inches per year, with 31.7 inches of snow per year.

Sterling Heights Real Estate Market Conditions

  • Median sales price

    $306,500
    11.2% change since last quarter
  • # Active listings

    245
    30-day change

Sterling Heights Schools and Demographics

Education near Sterling Heights, MI

Metric City County
High School Graduates 87.08 90.39
College Degree - 2 year 9.55 10.81
College Degree - 4 year 29.99 26.15
Graduate Degree 7.88 7.18
Expenditures per Student 13,444 13,444
Students per Teacher 17.6 17.6

Elementary Schools near Sterling Heights, MI

School Grades Students P/T Ratio ZIP
Angus Elementary School KG - 05 441 18.4 48310
Barnard Elementary School KG - 05 475 17.8 48083
Black Elementary School PK - 06 303 17.1 48312
Browning Elementary School PK - 06 450 18.2 48313
Bruce Collins Elementary School PK - 06 429 17.6 48312
Burr Elementary School PK - 06 497 17.6 48314
Dekeyser Elementary School PK - 06 521 20.4 48313
Dresden Elementary School PK - 06 512 15.5 48314
Fillmore Elementary School PK - 06 304 14.7 48312
Graebner Elementary School PK - 06 601 20.3 48313
Green Acres Elementary School PK - 05 532 20.9 48092
Harwood Elementary School PK - 05 421 18.3 48310
Havel Elementary School PK - 06 593 18.4 48313
Holden Elementary School PK - 06 359 16.3 48310
Huron Academy KG - 06 516 14.9 48312
Jack Harvey Elementary School PK - 06 477 17.5 48313
Jefferson Elementary School PK - 05 458 18.4 48310
Lean Elementary School PK - 05 632 19.8 48092
Messmore Elementary School PK - 06 329 17.7 48312
Morse Elementary School KG - 05 443 15.9 48083
NOOR International Academy PK - 07 188 13 48310
Oakbrook Elementary School PK - 06 568 19.6 48312
Plumbrook Elementary School PK - 06 468 17.3 48313
Schuchard Elementary School PK - 06 672 18.8 48310
Schwarzkoff Elementary School PK - 06 530 16.6 48313
Success Mile Academy KG - 08 293 17.2 48092
Susick Elementary School PK - 05 417 19.1 48083
Wattles Elementary School KG - 05 466 17.6 48083
Willow Woods Elementary School PK - 05 448 20.6 48312

Middle Schools near Sterling Heights, MI

School Grades Students P/T Ratio ZIP
Baker Middle School 06 - 08 738 16.8 48083
Beer Middle School 06 - 08 927 22.8 48092
Bemis Junior High School 07 - 08 956 22.3 48313
Carleton Middle School 06 - 08 759 20.6 48312
Conner Creek Academy East - MI Collegiate Middle 07 - 08 172 21.5 48092
Davis Junior High School 07 - 09 801 19.2 48312
Flynn Middle School 06 - 08 604 18.9 48310
Frank Jeannette Junior High School 07 - 09 824 18.9 48310
Grissom Middle School 06 - 08 810 21.5 48310
Hatherly Elementary School PK - 05 377 17.4 48310
Heritage Junior High School 07 - 09 541 11.2 48312

High Schools near Sterling Heights, MI

School Grades Students P/T Ratio ZIP
Adlai Stevenson High School 10 - 12 1,959 22.5 48313
Advancepath Academy 09 - 12 152 17.9 48314
Conner Creek Academy East - MI Collegiate High 09 - 12 436 17.6 48092
Early Career Academy 11 - 12 36 9 48083
Henry Ford II High School 09 - 12 2,050 23.4 48313
Macomb Math Science Technology Center 09 - 12 0 48092

Ungraded Schools near Sterling Heights, MI

School Grades Students P/T Ratio ZIP
* Sterling Heights High School 09 - 12 1,565 22.4 48312
* Utica Learning Academy 09 - 12 94 11.6 48314
* Warren Mott High School 09 - 12 1,816 24.3 48092
Bozymowski Center PK - 12 343 5 48312
Warren Consolidated Community High School 06 - 12 174 17.4 48092
Warren Consolidated Early Childhood Program PK - PK 0 48310

Demographics near Sterling Heights, MI

Metric City County
Neighborhood Type
Population 134,062 879,123
Population Density 3,680 1,834
Median Age 41.3 40.9
People per Household 2.6 2.5
Median Household Income 70,211 67,828
Average Income per Capita 33,395 34,880