Cash-flowing 2-unit in the city of Midland! Main floor unit has 3 bedrooms, 1 full bath, and currently rents for $1050/mo (potential for increase to market rent). Tenant on month to month lease. Upstairs unit has 1 bedroom and 1 bath, additional storage space, and rents for $625/mo, month to month tenant as well. Owner pays all utilities except electric on upstairs unit (seperate meter). Great location just a few blocks from the new Midland Community Center and Dow Diamond. Detached garage, shared basement, newer washer, and coin operated dryer for potential additional income. Newer water hearter and carpet on main floor. City certified rental. Great investment opportunity!
Sold for $119,900
$119,900
401 E Hines St, Midland, MI 48640
4beds
1,456sqft
Multi Family
Built in 1919
-- sqft lot
$185,700 Zestimate®
$82/sqft
$1,392 Estimated rent
Home value
$185,700
$162,000 - $210,000
$1,392/mo
Zestimate® history
Owner options
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$1,392/mo
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$1,392/mo
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$657/mo
Est. payment
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$657/mo
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Zillow last checked:
Listing updated:
Listed by:
Derek Batch 989-859-0015,
RE/MAX Results
Bought with:
Brandon Lewis
Ayre/Rhinehart-Midland
Source: MiRealSource,MLS#: 50136442
Originating MLS: Bay County REALTOR Association
Originating MLS: Bay County REALTOR AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Features
- Has basement: Yes
- Has fireplace: No
Interior area
- Total structure area: 1,456
- Total interior livable area: 1,456 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 7,840 sqft
- Dimensions: 65 x 120
Details
- Parcel number: 141630156
- Special conditions: Private
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Basement
Condition
- Year built: 1919
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sanitary
- Water: Public
Community & neighborhood
Location
- Region: Midland
- Subdivision: Cameron Add
HOA & financial
Other financial information
- Total actual rent: 1675
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 5/7/2024 | Sold | $119,900$82/sqft |
Source:  MiRealSource #50136442 Report a problem | ||
| 3/26/2024 | Pending sale | $119,900$82/sqft |
Source:  MIDMLS #50136439 Report a problem | ||
| 3/21/2024 | Listed for sale | $119,900+49.9%$82/sqft |
Source: MIDMLS #50136439 Report a problem | ||
| 1/19/2022 | Sold | $80,000-11.1%$55/sqft |
Source: Public Record Report a problem | ||
| 1/13/2022 | Pending sale | $90,000$62/sqft |
Source: MIDMLS #50058104 Report a problem | ||
| 12/6/2021 | Listing removed | -- |
Source: MIDMLS #50058104 Report a problem | ||
| 12/1/2021 | Price change | $90,000-10%$62/sqft |
Source: MIDMLS #50058104 Report a problem | ||
| 11/1/2021 | Price change | $100,000-9.1%$69/sqft |
Source: MIDMLS #50058104 Report a problem | ||
| 10/15/2021 | Listed for sale | $110,000$76/sqft |
Source: MIDMLS #50058104 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $83,100 +16.5% |
| 2024 | -- | $71,300 +30.1% |
| 2023 | -- | $54,800 |
| 2022 | -- | $54,800 +13.9% |
| 2021 | -- | $48,100 +2.8% |
| 2020 | -- | $46,800 +0.4% |
| 2019 | $2,149 | $46,600 -3.1% |
| 2018 | -- | $48,100 +20% |
| 2017 | -- | $40,100 +3.4% |
| 2016 | -- | $38,800 +3.2% |
| 2012 | -- | $37,600 -2.6% |
| 2011 | -- | $38,600 +1% |
| 2010 | -- | $38,200 -19.2% |
| 2009 | -- | $47,300 +14.3% |
| 2008 | -- | $41,400 +4% |
| 2007 | -- | $39,800 |
| 2006 | -- | $39,800 +1% |
| 2005 | -- | $39,400 +2.1% |
| 2004 | -- | $38,600 +2.9% |
| 2003 | -- | $37,500 |
Find assessor info on the county website
Neighborhood: 48640
Nearby schools
GreatSchools rating
- 7/10Central Park ElementaryGrades: K-5Distance: 0.2 mi
- 9/10Northeast Middle SchoolGrades: 6-8Distance: 1.7 mi
- 8/10Midland High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- District: Midland Public Schools
Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Michigan
- Midland County
- Midland
- 48640
- 401 E Hines St
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