RateMyAgentGo to search
Back 318 Blanche Street
Active

318 Blanche Street

Plymouth MI 48170

4
2200 sq. ft.
0.15 ac.
Multi-Family
Currently for sale - view listing

Overview

Turnkey 4-unit quadruplex in Plymouth's Historic Old Village, just blocks from downtown Plymouth and Kellogg Park. 100% leased with all four 1BR/1BA units occupied, generating $60,000 in in-place annual gross rent. Recent lease activity shows meaningful embedded rent growth: the longest-tenured resident just renewed at $1,225/mo (up 31% from her prior $935 rent), while a newly signed lease reflects a market-tested $1,325/mo, the highest in the building. Two of the four units remain priced below this level, giving a new owner a clear, low-capex path to mark rents to market as leases turn. Self-managed with a lean ~$13,300 annual operating expense load (taxes, insurance, utilities, repairs/maintenance, landscaping); no management fee has historically been charged. Tenants pay electric; owner covers water, sewer, trash, and natural gas heat. Slab foundation, vinyl exterior, asphalt roof. Ideal for a first-time investor, 1031 exchange buyer, or owner-operator seeking a turnkey income-producing asset in western Wayne County. Buyer/buyer's agent to verify all information.

Features

4 bathrooms
2200 sq. ft. floor area
0.15 ac. lot size
Multi-Family

Property history for 318 Blanche Street

2016
Sold
$245,000
18 Nov 2016 by Michael Schocker, of The Fourmidable Group Inc

Happy sellers in Plymouth

94%
94% of sellers in Plymouth reported that their sale price either exceeded or met their price expectations.

Plymouth stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 20 reviews in Plymouth over the last 12 months.

Local market activity for multi families in Plymouth

In the last 12 months, 3 multi families similar to 318 Blanche Street, have been sold.

This represents a 25% increase in multi families sales when compared to the previous 12 months.

RateMyAgent
Sales:
(619) 566-0008
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsLicensingSitemap