Discover an exceptional investment opportunity in the heart of downtown Algonac! This 7-unit property is a prime find, featuring a desirable mix of one two-bedroom unit and five one-bedroom units and a flat. Can see the river from the front windows and porch. Neighbors are a church and city building. Has separate meters for gas and electric - dumpster area for trash. Everything has had a face lift in the last 5 years, new flooring, new tile bathrooms, fresh paint. Sewer (inside) has been updated along with a coin op washer and dryer! Tenants will love the charming and spacious common porches on both the upper and lower floors, perfect for relaxing and enjoying the vibrant downtown atmosphere. With its excellent location and variety of units, this property is poised for strong rental demand. no showings - do not approach - call agent
Features
8 bedrooms
7 bathrooms
4565 sq. ft. floor area
crop_free0.17 ac. lot size
cottageMulti-Family
Property history for 1523 St Clair River Dr
2022
Sold
$550,000
27 Dec 2022
2022
Sold
$550,000
27 Dec 2022 by Michael Blake, of Mike Blake Team
2020
Sold
$75,000
14 May 2020 by Harry Lee
Happy sellers in Algonac
88%
sentiment_very_satisfied
88% of sellers in Algonac reported that their sale price either exceeded or met their price expectations.
Algonac stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.
This is based on voluntary sentiment collected from 5 reviews in Algonac over the last 12 months.
Local market activity for 8 bedroom multi families in Algonac
Sold
For Sale
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