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931 & 931 1/2 S Fancher Street

Mt Pleasant, MI 48858

$363,900

MLS #1919798

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Description

LOOKING TO START YOUR INVESTMENT PORTFOLIO? LET THE TENANTS PAY YOUR MORTGAGE ON THE CAMPUS OF CMU WITH THIS 3 UNIT LICENSED RENTAL INCOME PRODUCING PROPERTY. YOU COULD HAVE TRI-PLEX INCOME IF YOU ARE AN INVESTOR. CURRENT OWNER OCCUPIES MAIN HOUSE AND HAS 2 INCOME STREAMS FROM THIS OFFERING. THIS OWNER HAS TALENT FIXING UP HIS REAL ESTATE WITH REFINISHED WOOD FLOORS, QUALITY PAINTED ROOMS THROUGH OUT THIS MAIN HOUSE AND APARTMENT. MAIN HOUSE (931) OFFERS SPACIOUS ROOMS, UPDATED FLOORING, A WELCOMING FRONT ENTRY PORCH, ENTERTAINING KITCHEN WITH BREAKFAST NOOK OVERLOOKING THE BACKYARD WITH LARGE WINDOWS, LARGE LIVING ROOM, AND LARGE DINING ROOM. MAIN FLOOR BEDROOM IN 931 COULD BE AN OFFICE OR DEN. BOTH BATHRMS UPDATED. 2ND FLOOR HAS MASTER ON-SUITE OFFERS FRESHLY REMODELED BATHROOM WITH NEW WALKIN CLOSET AND 2 OTHER LARGE BEDROOMS. NEW CARPETING IN THIS MAIN HOUSE WITH ALL FRESHLY PAINTED WALLS CEILINGS, PORCH. SO MUCH LOVE AND MONEY PUT INTO THIS HOME WITH NEW FURNACE (CARRIER) NEW CENTRAL AIR, UPDATED ELECTRICAL, UPDATED PLUMBING, MANY NEW WINDOWS, NEW KITCHEN HARDWARE, & NEW KITCHEN STOVE! GREAT ENTERTAINING BACKYARD PRIVACY FENCE, WITH TWO SELF WATERING NEW LARGE RAISED GARDENS. 931 1/2 APT: HAS NEW WINDOWS IN APARTMENT, NEW BATHROOM, BUILT IN FRIDGE, AND NEW FLOORING. OTHER IS BEDROOM AND FAMILY ROOM IS 13.4X10. 505 E GAYLORD HOUSE (EAST SIDE) HAS 3 BED, 1 BATH 1350 SQ FT. CURRENT RENTS TOTAL $1600/MO. YOU COULD RENT THE MAIN HOUSE FOR 1600-2000 /MO. AND COLLCT $3200 PER MONTH POTENTIALLY!!! NATURAL LIGHT, NATURAL GAS, SPECTRUM HIGH SPEED INTERNET OFFERED, REPLACEMENT WINDOWS, LOTS OF UPDATES, CORNER LOT, ON CAMPUS OF CMU. GREAT INVESTMENT! TWO HOMES WITH THIS PACKAGE. 931 S FANCHER & 931 1/2 S FANCHER ($231,900 mkt val.) 505 GAYLORD WAS RECENTLY SPLIT OFF THE MAIN PARCEL (505-Mtk value $135k). ALL THREE UNITS MUST SELL TOGETHER. GRAB THIS BEFORE ITS GONE!!!! ALL MEASUREMENTS ARE M/L AND BUYER TO VERIFY.


Overview

Style:

2 Story, In-Law Suite or Apartment, Apartment, Farm House

Beds:

5

Baths:

2

Condo:

No

Square Feet:

2509

Acres:

0.22 acres

Township:

City of Mt. Pleasant

County:

Isabella

School District:

Mount Pleasant City School Distr

Waterfront:

None


Features

Interior:

Walk-In Closet(s), Pantry, Breakfast Nook, Island Kitchen, Formal Dining Room, Den/Study, Workshop

Exterior:

Patio, Fenced Yard, Covered Porch, Garden Area, Porch, Screened Porch, Gutters

Garage:

Detached, Door Opener, Concrete Floors

Applicances:

Refrigerator, Oven/Range, Disposal, Dishwasher, Washer, Dryer, Blinds, Curtain Rods, Natural Gas Water Heater, Smoke Alarms(s)

Additional Buildings:

None

Water Features:

None

Deb Morris

COLDWELL BANKER MT. PLEASANT REALTY

989-621-8912debmorris8912@gmail.comhttps://www.realtor.com/realestateagents/deb-morris_mount-pleasant_mi_275812_755

Compensations

Sub Agency

0.00%

Buyer Agency

3.00%

Transaction Coordinator

0.00%

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.