835 N Littlefield Rd

Lake Isabella MI 48893

2172 sq. ft.

0.62 ac.

Multi-Family

Currently for sale - view listing

Overview

Investor opportunity! Income-producing multi-unit featuring immediate cash flow, multiple income streams, and massive value-add potential. Perfect fit for portfolio expansion or an owner-operator looking for house-hacking upside. CURRENT RENTAL ROLL ($2,100/mo Total): * Unit 1- 2Bed / 1 Bath: $700/mo * Unit 2- 2 Bed / 1 Bath: $700/mo * Unit 3-2 Bed / 1 Bath: $700/mo VALUE-ADD POTENTIAL: Strong market upside with potential gross rental income of $2,700 - $3,000/month ($32,400 - $36,000/year). Bring rents to market rates through simple turnover or light cosmetic updates to capture an immediate 28% to 42% revenue increase. Multi-family properties with this level of embedded equity and income growth do not last long.

Features

3 bathrooms

2172 sq. ft. floor area

0.62 ac. lot size

Multi-Family

Property history for 835 N Littlefield Rd

2018

Sold

$140,000

26 Mar 2018 by Erin Kanouse, of CENTURY 21 SIGNATURE - Mt. Pleasant

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