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643 West Middle Street

Chelsea MI 48118

1548 sq. ft.
0.2 ac.
Multi-Family
Currently for sale - view listing

Overview

Welcome to Chelsea, a charming and growing community with small-town appeal and big potential. This well-maintained property features three fully occupied rental units:2-bedroom unit currently renting for $1,170/month-1-bedroom unit currently renting for $1,025/month,Efficiency unit currently renting for $850/month. That's a total of $3,025 in monthly income. The owner pays for water and heat.All tenants are on yearly leases, providing stability and consistency for the next owner. The property has been owned by the same landlord for over 20 years, a testament to its reliability and desirability. Recent updates include a new roof and gutters (2025), with the furnace and water heater just 7 years old.This property offers flexibility: keep the rents steady or adjust to current market rates for even greater returns. Priced at $375,000, it's a great opportunity for an investor looking to grow their portfolio or for someone ready to step into property ownership for the first time.

Features

1548 sq. ft. floor area
0.2 ac. lot size
Multi-Family

Happy sellers in Chelsea

92%
92% of sellers in Chelsea reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 5 reviews in Chelsea over the last 12 months.

Local market activity for multi families in Chelsea

In the last 12 months, 2 multi families similar to 643 West Middle Street, have been sold.

This represents a 100% decrease in multi families sales when compared to the previous 12 months.

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(619) 566-0008
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