71
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$259,900
Est. payment /mo
6,384 SqFt
New
1298 Colfax Avenue Benton Harbor, MI 49022-5910
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,384 sqft
Price per Sqft $40
Subdivision Mi
MLS Listing ID 70543240
Year Built 1887
Annual Tax Amount $6,884
Tax Year 2024
Lot Size 1.690 Acres
Acres 1.69
Lot Dimensions 223 x 297
Property Sub-Type Multi-Family
Property Description
Exceptional investment opportunity featuring two separate rental buildings with multiple income streams and excellent value-add potential. The front building offers two 2-bedroom, 1-bath apartments, with the upper unit currently leased at $900 per month and the lower unit vacant, providing the opportunity for immediate rental income or owner occupancy. The rear building consists of six individual rental rooms, with a shared kitchen, full bath, separate half bath, and on-site laundry facilities. All rear units are currently vacant, giving a new owner the flexibility to establish market rents and select new tenants from the start. Numerous recent improvements have already been completed, including exterior updates to the front building, a partial roof replacement on the front, a new roof on the rear, new sewer line, updated kitchen and bathroom in the upper apartment, updated electrical and furnace in the rear building, along with exterior repairs. Don't miss this opportunity!
Location
State MI
County Berrien
Area St Joseph Twp (11019)
Interior
Heating Forced Air
Cooling None
Exterior
Exterior Feature Brick, Wood
Amenities Available Laundry Facility
Building
Lot Description Ravine, Wooded
Foundation Basement, Slab
Structure Type Brick,Wood
Schools
School District Benton Harbor Area Schools
Others
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by eXp Realty
Nearby Locations
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