Five (5) unit apartment building on 21.59 acres with room for expansion. This property also has a 5,000 sq pole barn that has a concrete floor, electricity, spray foam insulation ($30,000), a bathroom, and an office. The pole barn is not rented and can provide extra income of approximately $2,500.00 per month. For additional income, there is also a billboard which currently receives $800.00 per month for one side and $375.00 per month for the other. In addition to that, this 21.59 acre property has approximately 1,385 feet of frontage on US-23, and approximately 20 acres for farming with income of approximately $900.00 per year. Some updates in the farmhouse include some new flooring, bathroom tile and paint. This is an excellent investment opportunity. CITY WATER IS COMING TO THOMPSON RD THIS SUMMER & TORREY RD NEXT SUMMER! DO NOT DISTURB THE TENANTS! ALL RESIDENTIAL UNITS ARE OCCUPIED! NO SHOWINGS WITHOUT AN ACCEPTED OFFER. All information is estimated and should be verified.
Property Details
Property Features
Property Information:
Architectural Style: Duplex, Farmhouse
Year Built: 1900
Stories: 1
Living Area: 3,477 SqFt
Listing Office:
Office Name: Van Esley Real Estate Inc
Office Phone: (734) 459-7570
Listing Agent: David D Misko
Interior Features
Interior Information:
Basement: No
Bedroom and Bathroom Information:
Full Bathrooms: 5
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 21.59 Acres
Utilities
Utilities Information:
Heating: Forced Air, Hot Water
School Info
Assigned Schools Information:
Lake Fenton High School, Public Magnet Grades 9-12
Lake Fenton Middle School, Public Magnet Grades 6-8
Torrey Hill Intermediate School, Public Magnet Grades 3-5
Other
Directions Information:
Directions: US-23 to Thompson Rd, East on Thompson Rd to Torrey Rd, North on Torrey Rd to Ray Rd, West on Ray Rd to property
Price Information
Listing Price Info
Price Summary:
List Price: $850,000
Price Per SqFt: $244/SqFt
Tax Information:
Annual Amount: $6,460
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Fenton, MI.
This property is $505K more than the Median Sold Price and $38/SqFt more than other homes in Fenton, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #2220004051
Listing Office:
Office Name: Van Esley Real Estate Inc
Office Phone: (734) 459-7570
Listing Agent: David D Misko
Disclaimer: 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.
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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.
Elementary School
7
/10
Torrey Hill Intermediate School
12410 Torrey Rd
Distance between this listing and this school1.59 miles
Public Magnet Grades 3-5
Middle School
8
/10
Lake Fenton Middle School
11425 Torrey Rd
Distance between this listing and this school0.81 miles
Public Magnet Grades 6-8
High School
5
/10
Lake Fenton High School
4070 Lahring Rd
Distance between this listing and this school1.86 miles
Public Magnet Grades 9-12
Assigned Schools
7
/10
Torrey Hill Intermediate School
12410 Torrey Rd
Distance between this listing and this school1.59 miles
Public Magnet Grades 3-5
Nearby Schools
8
/10
Lillian G. Mason Elementary School
4455 E Cook Rd
Distance between this listing and this school2.56 miles
Public District Grades 3-5
9
/10
Rankin Elementary School
3459 Mundy Ave # G
Distance between this listing and this school3.39 miles
Public District Grades KG-5
Assigned Schools
8
/10
Lake Fenton Middle School
11425 Torrey Rd
Distance between this listing and this school0.81 miles
Public Magnet Grades 6-8
Nearby Schools
3
/10
Woodland Park Academy
2083 E Grand Blanc Rd
Distance between this listing and this school4.87 miles
Public Charter Grades KG-8
5
/10
Madison Academy Elementary/Middle School
6170 Torrey Rd
Distance between this listing and this school4.90 miles
Public Charter Grades KG-8
Assigned Schools
5
/10
Lake Fenton High School
4070 Lahring Rd
Distance between this listing and this school1.86 miles
Public Magnet Grades 9-12
Nearby Schools
6
/10
Linden High School
7201 Silver Lake Rd
Distance between this listing and this school5.46 miles
Public District Grades 9-12
8
/10
Fenton Senior High School
3200 W Shiawassee Ave
Distance between this listing and this school5.86 miles
The neighbors living near this home have an average income of $87,576. Residents of Fenton, MI typically earn between $35k-100k each year. Most families are married, no kids. Typical level of education for residents in this area is post secondary degree.
This home is located at 3231 Ray Rd in Fenton, MI and zip code 48430. This 3,477 square foot home, which was built in 1900, sits on a 21.59 acre lot. Features: 5 bathrooms. It has been listed on Rocket Homes since January 24, 2022 and is currently priced at $850,000.
Over 15 listings were sold over their listed price in April 2024 in Fenton, MI. In the same period over 14 listings were sold below the listed price and 6 listings were sold for the listed price. The inventory of homes for sale in Fenton, MI between March 2024 and April 2024 increased by 19.2%. Listings spent 23 days on the market in April 2024, and had a median list price of $345,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.