This rare opportunity for 6 good rental units under one much-improved 1970s building, is one to jump on! With 3 two bed units, and 3 one bed units, roof and siding new in 2020, all new exterior decking, stairs and sliders added by the current owner, the exterior is in great shape. Current owner has remodeled and updated 4 out of 6 units and brought rents up in those units. Two 2-bed units with longstanding tenants remain to be remodeled to maximize the potential of this great investment opportunity and bring up those rents to market value and a potential for a 9 % cap rate. Unit 6 has a small bonus room, that could be an office. Extra bedroom could be created from storage area. New drain field was put in Dec 2024. Coin-operated shared laundry brings in extra income.
The median home value in Whitehall, MI is $270,200. This is higher than the county median home value of $203,900. The national median home value is $338,100. The average price of homes sold in Whitehall, MI is $270,200. Approximately 63.09% of Whitehall homes are owned, compared to 30.7% rented, while 6.21% are vacant. Whitehall 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 Whitehall real estate agent to arrange a tour today!
Whitehall, Michigan 49461 has a population of 2,894. Whitehall 49461 is more family-centric than the surrounding county with 27.16% of the households containing married families with children. The county average for households married with children is 26.48%.
The median household income in Whitehall, Michigan 49461 is $55,917. The median household income for the surrounding county is $57,047 compared to the national median of $69,021. The median age of people living in Whitehall 49461 is 37 years.
The average high temperature in July is 79.9 degrees, with an average low temperature in January of 17.8 degrees. The average rainfall is approximately 33.6 inches per year, with 76.7 inches of snow per year.