9 months on rocket

286 N Gratiot Ave, Mount Clemens, MI, 48043

$350,000

Home List Price

$4,156*

Closing Credit

5 Full Baths
3,726 SqFt
$94/SqFt
Multi
Schools Nearby

Location

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286 N Gratiot Ave, Mount Clemens$350,000

Buyer Closing Credits

$4,156*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1940
HeatingNatural Gas, Forced Air, Separate Meters
CoolingCentral Air
BasementYes
MLS #20230052634
Lot Size0.13 Acres
StatusActive

About 286 N Gratiot Ave

Welcome to the fantastic investment opportunity of a 5-unit apartment building in the highly sought-after location of Mount Clemens! SOLD AS IS, this property is conveniently located close to downtown Mount Clemens providing easy access to shopping, entertainment venues and all the amenities the area has to offer. Perfectly positioned on major bus routes, this apartment building ensures hassle-free transportation for tenants, making it an attractive option for both working professionals and individuals seeking convenience. Additionally, two of the units have been thoughtfully designed to be handicapped accessible, ensuring inclusivity and expanding the potential tenant pool. Ample on-site parking is available, ensuring tenants can comfortably park their vehicles without any concerns. The property boasts several recent upgrades, including new windows, a new driveway, new HVAC system, and a new roof, ensuring peace of mind for the new owner. While the units require completion, this presents an excellent opportunity for customization and value addition. Whether you choose to complete the units for immediate occupancy or to optimize the property's rental potential, there is enormous potential to capitalize on this investment. To make the purchase even more attractive, land contract terms are available, providing flexibility and ease of financing. Don't miss out on this incredible chance to acquire a 5-unit apartment building with great location benefits, recent upgrades, and unlimited potential! BTVSF

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1940
  • Stories: 2
  • Living Area: 3,726 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty-GPF
  • Office Phone: (313) 886-4200
  • Listing Agent: Carmen Ozuna

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 5

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air, Separate Meters
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Mount Clemens High School, Public District Grades 9-12
  • Mount Clemens Junior High School, Public District Grades 7-8

Other

Directions Information:

  • Directions: Cass Ave to Northbound Gratiot

Price Information

Listing Price Info

Price Summary:

  • List Price: $350,000
  • Price Per SqFt: $94/SqFt
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Housing Market Comparison

See how this home compares to others in Mount Clemens, MI.

Med. Sold Price

$160K

Med. Price/SqFt

$116

Avg. Days On Market

34

# of Sold Homes

4

286 N Gratiot Ave vs Mount Clemens

298 DAYS ON ROCKET

+264 Days

$350,000

+$190K More

$94/SqFt

-$23 Less

KEY TAKEAWAY

This property is $190K more than the Median Sold Price and $23/SqFt less than other homes in Mount Clemens, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20230052634

Listing Office:

  • Office Name: Coldwell Banker Realty-GPF
  • Office Phone: (313) 886-4200
  • Listing Agent: Carmen Ozuna

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 7:25:20 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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NMLS#3030

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

school-card-donut-2952348
2
/10
  • Mount Clemens Junior High School

  • 161 Cass Ave

  • 0.98 miles

  • Public District Grades 7-8

High School

school-card-donut-2952349
2
/10
  • Mount Clemens High School

  • 155 Cass Ave

  • 1.00 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $21,276. The majority of Mount Clemens, MI residents have income less than $35k annually. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas


Rocket HomesMichiganMacomb CountyMount Clemens48043286 N Gratiot Ave

This home is located at 286 N Gratiot Ave in Mount Clemens, MI and zip code 48043. This 3,726 square foot home, which was built in 1940, sits on a 0.13 acre lot. Features: 5 bathrooms. It has been listed on Rocket Homes since July 06, 2023 and is currently priced at $350,000.

While more than 1 listings in Mount Clemens, MI in March 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 3 were sold below. The number of homes for sale in Mount Clemens, MI increased by 28% between February 2024 and March 2024. Listings spent 34 days on the market in March 2024, and had a median list price of $160,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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