Sold for $184,000

$184,000

W5514 1st St, Hermansville, MI 49847

14beds

8,610sqft

Multi Family

Built in 1930

-- sqft lot

$-- Zestimate^®

$21/sqft

$-- Estimated rent

Home value

Not available

Estimated sales range

Not available

Zestimate^® history

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$1,220/mo

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What's special

Great investment opportunity in Hermansville! This seven-unit multi-family property offers immediate income potential with five units currently leased and generating revenue. A sixth unit is in the process of being refreshed and will be ready for occupancy soon, providing additional upside. The seventh unit presents a value-add opportunity for investors looking to renovate and maximize returns. Situated on a spacious parcel that includes two lots, this property offers room for future expansion or added income streams. Whether you’re looking to grow your portfolio or step into multi-family investing, this property combines current cash flow with long-term potential

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 14
Bathrooms: 7
Full bathrooms: 7

Bedroom 1

Features: No

Bathroom

Features: First Flr Bath Lav/Half, Second Flr Bath Lav/Half

Kitchen

Features: Eat-in Kitchen

Heating

Forced Air

Cooling

None

Features

Basement: Block,Concrete
Has fireplace: No

Interior area

Total structure area: 8,610
Total interior livable area: 8,610 sqft

Property

Parking

Total spaces: 1
Parking features: Unassigned, Attached
Attached garage spaces: 1

Features

Levels: Two
Stories: 2
Exterior features: Sidewalks
Waterfront features: None
Body of water: None
Frontage length: 120

Lot

Size: 0.48 Acres
Dimensions: 120 x 174
Features: Deep Lot - 150+ Ft., Main Street

Details

Parcel number: 01115402300 /01115402350
Zoning: Commercial
Zoning description: Commercial
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Conventional Frame
Property subtype: Multi Family

Materials

Other
Foundation: Basement, Concrete Perimeter

Condition

Year built: 1930

Utilities & green energy

Electric: 100 Amp Service, Circuit Breakers
Gas: Natural Gas
Sewer: Public Sanitary
Water: Private Well
Utilities for property: Electricity Connected, Natural Gas Connected

Community & HOA

Community

Subdivision: None

Location

Region: Hermansville

Financial & listing details

Price per square foot: $21/sqft
Annual tax amount: $5,716
Date on market: 5/6/2026
Cumulative days on market: 54 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash
Ownership type: LLC
Lease term: Month To Month
Total actual rent: 2200

Price history

Date	Event	Price
6/29/2026	Sold	$184,000+2.2%$21/sqft
Source: MiRealSource #50206535 Report a problem
5/14/2026	Contingent	$180,000$21/sqft
Source: MiRealSource #50206535 Report a problem
5/6/2026	Listed for sale	$180,000$21/sqft
Source: MiRealSource #50206535 Report a problem