Homes for sale - 11151 CLINTON RIVER Road, Sterling Heights, MI 483...

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Neil Hackler

[email protected] +1(773) 677-3479

$ 399,250

Est. payment -/mo

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Price Dropped by $44K

11151 CLINTON RIVER Road Sterling Heights, MI 48314

4 Baths

0.69 Acres Lot

UPDATED:

11/20/2024 02:37 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality Sterling Heights City

Subdivision Sterling Heights City

MLS Listing ID 20240077489

Originating Board Realcomp

Year Built 1960

Annual Tax Amount $5,560

Lot Size 0.690 Acres

Acres 0.69

Lot Dimensions 155.00 x 194.00

Property Description

SUPERIOR income property with TONS of improvement value still remaining to maximize this investment as a multi-unit residence - or keep it open and enjoy a spaciously large; vastly updated single family residence! Situated on 3/4 of an acre, surrounded by protected woodland, completely fenced in with a boat gate, this beautiful property feels like the country…yet is in the PERFECT LOCATION. Situated next to Hall Rd, 19 mile, in the center of the major community river walk renovation, all major shopping and ease of transportation, this location is highly desirable and extremely large! Generate $63,000 yearly income, with a $677,900 approximate complete improvement value, for approximately $25,000 (being provided by the seller!). This unfinished 3,353 SF colonial/split ranch includes 2 kitchens and a kitchenette, 3 laundry rooms, 3.5 baths, 7 bedrooms + Studio, 3 separate entrance/exit points. Updated electrical, plumbing, new furnace, 30-year roof, new flooring, high end casement windows, new countertops and cabinets (with granite on hand for any investor to finish the kitchenette with downstairs! Add an egress window for $5k to maximize with your concessions and increase your income opportunity into three units by finishing the studio)! All bedrooms in unit #1 were previously individually rented at $800/mo (x3) each, generating $2,400/mo. income. The anticipated income of having all three units occupied is $63,000 per year (minimally). The anticipated improvement value is $677,900 upon completion. Seller is willing to complete additional scope of repairs in written offer (and is consistently working on the home to improve value). Realtor is the seller and primary occupant. Furniture in home negotiable for purchaser to make furnished units. Supplies and materials to finish home included. Riding lawnmower included. With these kinds of return on investment (+ $223,406 with $25,000 invested), this property won't last long! Come see it today. Must be accompanied by Realtor.

Location

State MI

County Macomb

Area Macomb County - 50

Zoning Multiple

Direction Corner of 19 mile and Clinton River Road

Rooms

Basement Crawl Space

Interior

Heating Forced Air

Cooling Central Air

Exterior

View Y/N No

Roof Type Composition

Handicap Access Accessible Kitchen, No Step Entrance

Building

Water Public

Structure Type Aluminum Siding,Brick

Others

Tax ID 1003454010

Acceptable Financing Assumable, Cash, Conventional, FHA, Rural Development

Listing Terms Assumable, Cash, Conventional, FHA, Rural Development

Special Listing Condition {"Other":true}

Listed by EXP Realty

Neil Hackler

Real Estate Advisor | License ID: 167138

+1(773) 677-3479

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