Rare opportunity to own a truly unique income-producing property in the heart of desirable Downtown Northville! Situated on one parcel, this property features two separate homes - a spacious 4-bedroom, 2-full-bath single-family home tucked toward the rear of the property with a detached 2-car garage, plus a front duplex that… Read More has provided excellent rental income for the current owner for half a decade and the previous owner for a few decades. The duplex offers tremendous flexibility, with the potential to continue as two rental units, use one side as a guest or mother-in-law suite, or explore other income-producing possibilities. The 2-bedroom duplex unit was completely renovated in 2023, while the main home has been thoughtfully maintained and updated, including new Wallside windows with transferable warranty (2021), HVAC (2021), and water heater (2021). The property also features a fenced rear yard and detached 2-car garage with epoxy-coated floor. The duplex has received various updates over the years and features a common basement with storage units, with the duplex shared basement having been waterproofed and sealed. Located within easy walking distance of Downtown Northville's restaurants, shopping, parks, and entertainment, while benefiting from continued growth and development throughout the Northville area, this property offers exceptional flexibility, rental income potential, and long-term investment upside. Properties offering this combination of location, multiple dwellings, and future potential are exceptionally rare! Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Max Broock Realtors.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Multifamily
Square Ft.
2,889
Lot Size
0.29 Acres
Year Built
1890
MLS Number
20261066564
30 Days Snapshot Of 48167
$532k
+8%
(avg) sold price
35
-28%
homes sold
56
-1%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
3 total units, 1 leased unit, 1 efficiency unit, 1 two-bedroom unit, Built in 1890, Remodelled in 2012, Architectural style: Colonial, Aluminum, Vinyl, 2,889 total square feet, 2,889 combined square feet, 800 total basement square feet, Unit count: 3
Cooling
Central Air
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 1
Water Features
Natural Gas, Public (Municipal)
Heating
Forced Air, Natural Gas
Interior Features
Laundry Facility
Lot
Lot size area: 0.29, Lot size dimensions: 69.00 x 182.00
Miscellaneous
Gross scheduled income: $69,000, Income projection: Actual, Monthly rental income: $5,750, Net operating income: $61,000, Operating expense: $8,000
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