111 & 121 Elm Street

Property details

Price

$767,000

Square feet

8,000

Lot size

2.5 acres

Year built

1995

Type

Residential

Status

Active

Days on market

12

Subdivision

N/A

County

Barry

MLS number

1365954

About this property

Investment opportunity featuring two quadplexes with a total of 8 units, including 2 one-bedroom units and 6 two-bedroom units. Currently 86% leased with only one vacant unit, the property offers established rental income and an opportunity to increase occupancy. Both buildings have benefited from extensive improvements over the years, including a new parking lot (2025), LVP flooring in all units (2022-2025), updated HVAC systems for 111 Unit 1 (2021) and 121 Units 1&2 (2022), replacement windows on building 121, new gutters (2021-2022), and a master key system (2021-2022). Conveniently located adjacent to the Southwest School District office, Washburn School, and Southwest High School, with Hwy 31 just 0.2 miles away and Dollar General approx. 0.5 miles away. With a functional unit mix, a history of ongoing capital improvements, and convenient access to nearby schools and amenities, this multifamily property presents an attractive opportunity for investors seeking an income-producing asset.

Location

Features

Appliances

Dishwasher, Electric oven, Electric range, Electric water heater, Refrigerator

Flooring

Luxury vinyl plank

Lot features

City lot, Level, Not in subdivision, Open lot

Utilities

Electricity available, Sewer available, Water available

Roof

Architectural, Metal, Shingle