11151 Clinton River Road Sterling Heights, MI 48314 3512
Listing Courtesy of: MIREALSOURCE / eXp Realty

  11151 Clinton River Road Sterling Heights, MI 48314 3512

Active (80 Days)
$399,250
4
BATH
2,145
SQFT

Description

*Updated Listing* SUPERIOR income property with TONS of improvement value, and more still remaining, with incredible instant equity available and a 19.6% cash on cash return. Zoned Class C (Commercial), R-60 (permissible for two family dwellings), maximize this investment as a multi unit residence in a prime time location! Situated on 3/4 of an acre, next to M-59 and major freeways, this completely fenced in property - with a boat gate - is comparable to no other, with all major shopping, travel and commute paths in easily accessible range. This beautifully wooded property feels like the country, situated in the center of the major community river walk renovation (state and federally funded), with a location that is about to boom, meaning huge returns on investment for any type of investor! Finish this property and generate $63,000 yearly 3,353 SF colonial/split ranch includes six bedrooms, two kitchens, and a partial kitchenette, three and a half baths, three laundry rooms and three separate entrance/exit points. Updated electrical, plumbing, new furnace, 30 year roof, new flooring, high end casement windows, new butcher block countertops and much, much, much more! Unit #2 is a ranch style that has 3 bedrooms (or two bedrooms and an office), with built in deep shiplap storage cabinets, one bathroom, including a jet whirlpool tub, a full kitchen with cantilevered butcher block for barstool seating, and laundry room with stackable washer and dryer. Unit #1 is a split level ranch and colonial, with three bedrooms, one and a half bathrooms, dining room, and a full workable kitchen and unfinished laundry room. Downstairs has a fully functional washer and dryer, bathroom sink and toilet (with an unfinished shower), partial kitchenette, access to all panels, meters, and furnace. Ductwork is split for two (or three) zones. Turn your investment into immediate income, or occupy one unit and rent out the other, while you make the finishing touches to this home into your perfect dream!

MLS #:
60346973
Taxes
$5,560
Lot Size
0.69 acres
Type
Single-Family Home
Year Built
1960
Style
Colonial
School District
Utica Community Schools
County
Macomb County

Listed By

Anthony Flagg, eXp Realty
Source
MIREALSOURCE
Last checked Jan 2 2025 at 3:27 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 3
  • Half Bathroom: 1
Interior Features
  • Gas Water Heater
  • Laundry: Common Area
Property Features
  • Foundation: Crawl
  • Foundation: Basement
Heating and Cooling
  • Forced Air
  • Central Air
Basement Information
  • Partially Finished
  • Block
Utility Information
  • Sewer: Septic Tank
Garage
  • Garage
Parking
  • Garage
Living Area
  • 2,145 sqft
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Powered by Walk Score®

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Nov 20, 2024
Price Changed
$399,250
-10%
-44,670
Oct 14, 2024
Original Price
$443,920
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by C21 Town & Country and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2023 MiRealSource, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is 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. Data last updated 7/20/23 10:38