Ignite FB Tracking Pixel4195 N Weber Road, Whitehall, MI 49461 - Terry Puffer

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listing
1 of 37
MultifamilyFor Sale
$497,000
4195 N Weber Road
Whitehall, MI 49461
Courtesy of Greenridge Realty (egr)
MLS: Michigan Regional Information Center
13,373Sq Ft
Est. Mortgage
$2,665/mo

This rare opportunity for 6 good rental units under one much-improved 1970s building, is one to jump on! With 3 two bed units, and 3 one bed units, roof and siding new in 2020, all new exterior decking, stairs and sliders added by the current owner, the exterior is in great shape. Current owner has remodeled and updated 4 out of 6 units and brought rents up in those units. Two 2-bed units with longstanding tenants remain to be remodeled to maximize the potential of this great investment opportunity and bring up those rents to market value and a potential for a 9 % cap rate. Unit 6 has a small bonus room, that could be an office. 7th unit could be created from storage area. New drain field was put in Dec 2024. Coin-operated shared laundry brings in extra income. This property is only 3.9 miles from Duck Lake state park and commuting distance from large manufacturing plants Howmet Aerospace and Hilite. Reeths Puffer school district.

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Information courtesy of Greenridge Realty (egr) is subject to verification and is not guaranteed.
Community / School Information