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 (21 Days)
$443,920
4
BATH
2,145
SQFT

Description

SUPERIOR income property with TONS of improvement value still remaining to maximize this investment as a multi-unit residence - or keep it open and enjoy a spaciously large; vastly updated single family residence! Situated on 3/4 of an acre, surrounded by protected woodland, completely fenced in with a boat gate, this beautiful property feels like the country…yet is in the PERFECT LOCATION. Situated next to Hall Rd, 19 mile, in the center of the major community river walk renovation, all major shopping and ease of transportation, this location is highly desirable and extremely large! Generate $63,000 yearly income, with a $677,900 approximate complete improvement value, for approximately $25,000 (being provided by the seller!). This unfinished 3,353 SF colonial/split ranch includes 2 kitchens and a kitchenette, 3 laundry rooms, 3.5 baths, 7 bedrooms + Studio, 3 separate entrance/exit points. Updated electrical, plumbing, new furnace, 30-year roof, new flooring, high end casement windows, new countertops and cabinets (with granite on hand for any investor to finish the kitchenette with downstairs! Add an egress window for $5k to maximize with your concessions and increase your income opportunity into three units by finishing the studio)! All bedrooms in unit #1 were previously individually rented at $800/mo (x3) each, generating $2,400/mo. income. The anticipated income of having all three units occupied is $63,000 per year (minimally). The anticipated improvement value is $677,900 upon completion. Seller is willing to complete additional scope of repairs in written offer (and is consistently working on the home to improve value). Realtor is the seller and primary occupant. Furniture in home negotiable for purchaser to make furnished units. Supplies and materials to finish home included. Riding lawnmower included. With these kinds of return on investment (+ $223,406 with $25,000 invested), this property won't last long! Come see it today. Must be accompanied by Realtor.

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 Nov 5 2024 at 5:49 AM 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
   
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Estimated Monthly Mortgage Payment

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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