THINK BIG ON TOWNSEND! Looking to invest in a multi-family property? This unique 7 unit apartment complex is ready for new ownership. Get ready for the gross rent income of $5,647 per month when fully rented. Featuring more than 4,000 square feet across one bedroom, two bedroom and studio units, this property offers immense potential. Currently 5 out of 7 units are filled. Tenant is responsible for electric and heat. Owner manages lawn care & snow removal. This 77 x 120 lot make the maintenance simple. Call today for more information!
Property Details
Property Features
Property Information:
Year Built: 1913
Stories: 2
Living Area: 4,430 SqFt
Listing Office:
Office Name: Modern Realty
Office Phone: (989) 486-9770
Listing Agent: Logan Richetti
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 7
Exterior Features
Parking Information:
Parking: Assigned Spaces
Lot Features
Lot Information:
Lot Size: 0.21 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Separate Meters, Steam
School Info
Assigned Schools Information:
Midland High School, Public Magnet Grades 9-12
Northeast Middle School, Public Magnet Grades 6-8
Price Information
Listing Price Info
Price Summary:
List Price: $395,000
Price Per SqFt: $89/SqFt
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Housing Market Comparison
See how this home compares to others in Midland, MI.
This property is $160.1K more than the Median Sold Price and $60/SqFt less than other homes in Midland, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Saginaw Board of REALTORS®
MLS Number: #61050141846
Listing Office:
Office Name: Modern Realty
Office Phone: (989) 486-9770
Listing Agent: Logan Richetti
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Middle School
8
/10
Northeast Middle School
1305 E Sugnet Rd
Distance between this listing and this school1.86 miles
Public Magnet Grades 6-8
High School
7
/10
Midland High School
1301 Eastlawn Dr
Distance between this listing and this school1.32 miles
Public Magnet Grades 9-12
Nearby Schools
7
/10
Plymouth Elementary School
1105 E Sugnet Rd
Distance between this listing and this school1.81 miles
Public Magnet Grades KG-5
5
/10
Chestnut Hill School
3900 Chestnut Hill Dr
Distance between this listing and this school2.42 miles
Public Magnet Grades KG-5
6
/10
Siebert School
5700 Siebert St
Distance between this listing and this school2.45 miles
Public Magnet Grades KG-5
Assigned Schools
8
/10
Northeast Middle School
1305 E Sugnet Rd
Distance between this listing and this school1.86 miles
Public Magnet Grades 6-8
Nearby Schools
8
/10
Jefferson Middle School
800 W Chapel Ln
Distance between this listing and this school2.42 miles
Public District Grades 6-8
6
/10
Bullock Creek Middle School
644 S Badour Rd
Distance between this listing and this school3.13 miles
Public District Grades 6-8
Assigned Schools
7
/10
Midland High School
1301 Eastlawn Dr
Distance between this listing and this school1.32 miles
Public Magnet Grades 9-12
Nearby Schools
2
/10
Windover High School
919 Smith Rd
Distance between this listing and this school2.18 miles
Public Charter Grades 9-12
8
/10
H.H. Dow High School
3901 N Saginaw Rd
Distance between this listing and this school2.58 miles
The neighbors living near this home have an average income of $35,273. Typical income of Midland, MI residents is less than $35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
This home is located at 602 Townsend in Midland, MI and zip code 48640. This 4,430 square foot home, which was built in 1913, sits on a 0.21 acre lot. Features: 7 bathrooms. It has been listed on Rocket Homes since May 13, 2024 and is currently priced at $395,000.
Midland, MI housing market in May 2024 saw over 15 listings sold above listed price, more than 3 sold at listed price and over 9 sold below. In May 2024 in Midland, MI there were 2.5% less homes for sale than in April 2024. In May 2024, listings were on the market for 17 days. During the same period, the median list price in this real estate market was $234,875.
From Rocket Homes Real Estate and based on county public records data.