MI
StClair
St Clair Township
48079
5054 Gratiot Avenue
5054 Gratiot Avenue, St Clair Township, MI 48079
Share Listing
Listing Type
Single Family
Listing Status
active
24
$332,000

Home Details for 5054 Gratiot Avenue

Price
$332,000
Type
Residential
Bedrooms
6
Bathrooms
5.0
Square feet
3000
Year built
1960
Lot size acres
0.55
County
StClair
Total rooms
6
Garage
2.5
Basement
Block
Days on site
35
MLS Listing#
58050185536
Property Description

Discover this updated, income-generating 5-unit apartment building-an exceptional opportunity for investors or entrepreneurs! Unit updates include flooring, fresh paint, updated closets, and bathroom upgrades. Recent major improvements include two 50-gallon hot water tanks and roof work (2024), a new well pump & pressure regulator, and a septic system that's professionally serviced annually. The property features three 1 bed/1 bath units, one 1+/1 unit, and one 2 bed/1 bath unit, plus a spacious 2.5-car garage with ample parking. With $3,750 in monthly rental income, lower township taxes, and natural gas only used for the furnace and hot water tanks-- this property is both profitable and efficient. Five separate electric meters add convenience for tenants and ease of management. Additional permitted uses expand the potential of this property even further! Consider operating a daycare center, bed & breakfast, senior day care facility, or even running your own business from the property. Ideally located just minutes from the expressway and downtown Marysville, within the desirable Marysville School District (St. Clair Township mailing address), this property offers privacy, accessibility, and multiple income opportunities. Contact the listing agent today for full details on this versatile investment!

Property Features
  • Heating Information
    • Electric
    • Forced Air
    • Natural Gas
    • Wall Furnace
  • Water Features
    • Private
    • Other
    • Well
  • Parking
    • Detached
    • Garage
    • Lighted
  • Cooling Information
    • Wall/Window Unit(s)
  • Basement
    • Block
Listing Courtesy: KW Platinum - 586-949-0200
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Market statistics compiled from data from Michigan Regional Information Center.
EXIT REALTY GROUP
489 W Nepessing Street, Lapeer, MI 48446
Office
810 245 2600
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