This duplex is a fantastic opportunity for investors looking to implement the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat). Featuring split utilities, each unit operates independently, separate gas and electric meters making it perfect for generating rental income. With good bones, this property has great potential but needs work to reach its full value.
For those interested in flexible financing, the seller is open to a land contract with $25,000 down, 10% interest, and $350 per month payments.
Sold
Street View
$54,500
95 E Water St, Newaygo, MI 49337
4beds
2baths
--sqft
2 to 4 Units
Built in 1960
-- sqft lot
$149,400 Zestimate®
$--/sqft
$1,234 Estimated rent
Home value
$149,400
$117,000 - $185,000
$1,234/mo
Zestimate® history
Owner options
List your home for rent
$1,234/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,234/mo
Rent Zestimate®
Refinance and save
$283/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$283/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Sandi L Gentry 616-638-3900,
RE/MAX Lakeshore
Bought with:
Brenda Beach, 6505432135
Stark Real Estate
Source: MichRIC,MLS#: 24052188
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air
Features
- Basement: Michigan Basement
Property
Parking
- Total spaces: 2
Lot
- Size: 0.25 Acres
- Dimensions: 83 x 132
Details
- Parcel number: 1919105011
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Other
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Utilities for property: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
Community & neighborhood
Location
- Region: Newaygo
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 11/4/2024 | Sold | $54,500-9.2% |
Source:  MichRIC #24052188 Report a problem | ||
| 10/11/2024 | Pending sale | $60,000 |
Source:  RE/MAX of Michigan #24052188 Report a problem | ||
| 10/3/2024 | Listed for sale | $60,000 |
Source: MichRIC #24052188 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,768 +4% | $74,400 +18.7% |
| 2024 | $1,700 | $62,700 +44.8% |
| 2023 | -- | $43,300 +9.9% |
| 2022 | $1,293 -15.4% | $39,400 |
| 2021 | $1,527 +16.5% | $39,400 +1.8% |
| 2020 | $1,311 | $38,700 +7.8% |
| 2019 | -- | $35,900 +10.5% |
| 2018 | -- | $32,500 +1.9% |
| 2017 | -- | $31,900 +28.6% |
| 2016 | -- | $24,800 +7.8% |
| 2015 | -- | $23,000 +2.7% |
| 2014 | -- | $22,400 +2.3% |
| 2013 | -- | $21,900 +0.9% |
| 2012 | -- | $21,700 -25.2% |
| 2010 | -- | $29,000 |
Find assessor info on the county website
Neighborhood: 49337
Nearby schools
GreatSchools rating
- 6/10Velma Matson Upper Elementary SchoolGrades: PK-4Distance: 0.3 mi
- 5/10Newaygo Middle SchoolGrades: 5-8Distance: 1 mi
- 6/10Newaygo High SchoolGrades: 9-12Distance: 0.7 mi
Get a cash offer in 3 minutes
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Estimated market value
$149,400
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
$149,400
- Michigan
- Newaygo County
- Newaygo
- 49337
- 95 E Water St
Nearby cities
Nearby zip codes
Other Newaygo Topics
