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Sold for $330,000
  • $330,000

    34427 Jefferson Ave, Harrison Township, MI 48045

    4beds
    1,365sqft
    Multi Family
    Built in 1960
    -- sqft lot
    $313,800 Zestimate®
    $242/sqft
    $1,488 Estimated rent

    Home value

    $313,800

    $282,000 - $345,000

    $1,488/mo

    Zestimate® history
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    $1,488/mo

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    $2,161/mo

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    What's special

    Welcome to a remarkable investment opportunity! This property is your ticket to a steady stream of income, currently generating $3,500.00 per month in gross revenue from 3 units. There's a one bedroom upstairs and a 2 bedroom downstairs in the main house. These units are currently rented. All 3 units have separate independent utilities. Behind the two-unit residence stands a versatile office building and a spacious garage, providing an array of possibilities for entrepreneurial ventures with a possible 4th unit build out to increase the revenue to almost 5,000 a month. Whether you are looking to maximize cash flow by renting out all the units or prefer to enjoy the benefits of living in one unit while leasing the others, this property caters to various investment strategies. The downstairs apartment is under contract until Sept 30th, transitioning to a month-to-month thereafter. Meanwhile, the lease for the upstairs apartment has concluded, but the tenants are still in place on a month-to-month basis. Beyond its potential as a residential income property, this space offers an additional opportunity for a business. The back section is ready-made for a barbershop, beauty salon, dog grooming facility, office or a similar enterprise. Furthermore, its versatile design allows for easy conversion into a different type of business. There is also a separate entrance and room to make a possible 4th unit for even more income potential. The property also has plenty of parking, making it an ideal choice for business owners with a fleet of trucks. If you've been dreaming of starting your own business or expanding an existing one, this property provides the perfect foundation. It's important to note that showings are available through direct contact with the Listing Agent, and a 48-hour notice is required to view the occupied units in the home. Also this is a commercial property and requires a commercial loan approval or cash funds to purchase and see it. Don't miss out on this exceptional investment opportunity!

    Zillow last checked:

    Listing updated:

    Listed by:

    Louis Bitto 586-709-9632,

    USA #1 Realty LLC

    Bought with:

    Diane Fenchel, 6501377239

    KW Platinum

    Source: Realcomp II,MLS#: 20240015402MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 2
    • 1/2 bathrooms: 2
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air, Separate Meters
    Features
    • Basement: Partial,Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 1,365 sqft
    • Finished area above ground: 1,365

    Property

    Parking
    • Total spaces: 12
    • Parking features: Garage
    • Has garage: Yes
    Features
    • Levels: Two
    • Stories: 2
    • Pool features: None
    Lot
    • Size: 0.41 Acres
    • Dimensions: 90 x 200
    Details
    • Parcel number: 1136451011
    • Zoning description: Commercial, Residential
    • Special conditions: Short Sale No,Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Cape Cod
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    • Foundation: Basement, Poured
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1960
    • Major remodel year: 2020

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: JEFFERSON HEIGHTS - HARRISON TWP
    Location
    • Region: Harrison Township

    Financial & listing details

    • Price per square foot: $242/sqft
    • Tax assessed value: $82,400
    • Annual tax amount: $4,186
    • Date on market: 3/12/2024
    • Cumulative days on market: 50 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    5/23/2024Sold$330,000-8.1%$242/sqft
    Source: Realcomp II #20240015402 Report a problem
    5/1/2024Pending sale$359,000$263/sqft
    Source: Realcomp II #20240015402 Report a problem
    3/13/2024Listed for sale$359,000+187.2%$263/sqft
    Source: Realcomp II #20240015402 Report a problem
    4/14/2022Sold$125,000-66.2%$92/sqft
    Source: Public Record Report a problem
    3/24/2022Pending sale$369,900$271/sqft
    Source: Realcomp II #2210102339 Report a problem
    3/15/2022Price change$369,900-1.4%$271/sqft
    Source: Realcomp II #2210102339 Report a problem
    12/22/2021Listed for sale$375,000$275/sqft
    Source: Realcomp II #2210102339 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,501 +4.9%$100,200 +13.1%
    2024$4,292 +12.4%$88,600 +7.5%
    2023$3,818 -9.6%$82,400 -2.4%
    2022$4,224 $84,400 +0.6%
    2021-- $83,900
    2020-- --
    2019-- $71,800 +34.5%
    2018$2,703 $53,400 +2.1%
    2017-- $52,320
    2016-- $52,320 -9.6%
    2015-- $57,850 -23.5%
    2010-- $75,630 +47.8%
    2006-- $51,160
    2004$1,408 -16.2%$51,160 +4.8%
    2003$1,680 $48,800
    Find assessor info on the county website

    Neighborhood: 48045

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $313,800
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $313,800