1298 Colfax Avenue, Benton Harbor, MI 49022
- $257,900
- 2
- BA
- List Price
- $257,900
- Days on Market
- 7
- MLS#
- 26041256
- Status
- ACTIVE
- Type
- Multifamily
- Bathrooms
- 2
Property Description
Exceptional investment opportunity with multiple income streams and significant upside potential! This unique property features two separate rental buildings on one parcel. The front building includes two 2-BR, 1-bath apts, with the upper unit currently leased at $900/mo and the lower unit vacant, offering the flexibility to generate additional rental income immediately or occupy the unit yourself. The rear building features multiple bedrooms, 1.5 baths, kitchen & laundry, creating additional income possibilities. Numerous capital improvements have already been completed, including exterior updates & partial roof replacement on the front building, a brand-new roof and updated electrical, furnace, and exterior repairs to the rear building, new sewer line to the street, updated kitchen and bathroom in the upper apartment. Whether you're looking to expand your investment portfolio or capitalize on a property with strong cash-flow potential, this is an opportunity you don't want to miss!
Additional Information
- Owner Pays
- Electricity, Gas, Sewer, Trash Collection, Water
- Taxes
- $6,884
- Acres
- 1.69
- Basement
- Full, Slab
- Heating
- Forced Air
- Roofing
- Composition, Rubber
- School District
- Benton Harbor
- Tenant Pays
- Electricity, Gas, Sewer, Trash Collection, Water
- Total Parking Spaces
- 8
- Utilities
- Natural Gas Connected, Electricity Connected, Cable Available
- Water
- Public Water
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Listing courtesy of Listing Agent: Van Homes Team from Listing Office: eXp Realty.
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