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1727 N LAPEER Road Lapeer, MI 48446
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,896 sqft
Price per Sqft $92
Subdivision Mayfield Twp
MLS Listing ID 20230049638
Bedrooms 3
Full Baths 2
Year Built 1954
Annual Tax Amount $1,504
Lot Size 0.420 Acres
Property Sub-Type Single Family Residence
Property Description
Amazing opportunity on this ranch home as it is also a duplex and comes with income producing ability. This 3 bedroom home on a partial basement also comes with a studio apartment off the back. Apartment easily rents for $600+ per month. Main home currently rents for $900 but could be much more too. Live in main home and use the tenants $600 to pay off your mortgage decades ahead of schedule or as positive cash flow each month to help with your living expenses. Currently both units are tenant occupied but would be empty by closing. Home has hardwood flooring and large open living room. Main home has a 1.5 car garage attached which gives you space for storage and your car. Partial basement in main home where laundry is at. Rest of house is on crawlspace that was professionally sealed. Super large driveway for maximum parking and turning around. Great location close to town but just outside city limits for lower taxes and no Lapeer city rules. Both units metered separately for electric but share the natural gas heat bill. The home does need some updating given it is a rental home currently but it is priced accordingly. Seller paid commissions total 3% and are split with any buyers agent. However, seller is only paying for work associated with buying this one home--not for work the buyer had requested done at other homes previously. So Buyer is responsible for the additional cost of the agent services they chose to hire for any amount should their agent require more than 1.5% commission.
Location
State MI
County Lapeer
Area Lapeer County - 30
Interior
Heating Hot Water
Exterior
Parking Features Attached
Garage Spaces 1.0
View Y/N No
Roof Type Asphalt
Building
Story 1
Sewer Septic Tank
Water Well
Structure Type Vinyl Siding
Schools
School District Lapeer
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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