11151 CLINTON RIVER Road Sterling Heights, MI 48314
Multi-Family (2-4 Units)
MLS #: 20240077489
Courtesy Of eXp Realty LLC
Property InformationDescription
SUPERIOR income property with TONS of improvement value still remaining to maximize this investment as a multi-unit residence - or keep it open and enjoy a spaciously large; vastly updated single family residence! Situated on 3/4 of an acre, surrounded by protected woodland, completely fenced in with a boat gate, this beautiful property feels like the country yet is in the PERFECT LOCATION. Situated next to Hall Rd, 19 mile, in the center of the major community river walk renovation, all major shopping and ease of transportation, this location is highly desirable and extremely large!
Generate $63,000 yearly income, with a $677,900 approximate complete improvement value, for approximately $25,000 (being provided by the seller!). This unfinished 3,353 SF colonial/split ranch includes 2 kitchens and a kitchenette, 3 laundry rooms, 3.5 baths, 7 bedrooms + Studio, 3 separate entrance/exit points. Updated electrical, plumbing, new furnace, 30-year roof, new flooring, high end casement windows, new countertops and cabinets (with granite on hand for any investor to finish the kitchenette with downstairs! Add an egress window for $5k to maximize with your concessions and increase your income opportunity into three units by finishing the studio)!
All bedrooms in unit #1 were previously individually rented at $800/mo (x3) each, generating $2,400/mo. income. The anticipated income of having all three units occupied is $63,000 per year (minimally). The anticipated improvement value is $677,900 upon completion. Seller is willing to complete additional scope of repairs in written offer (and is consistently working on the home to improve value). Realtor is the seller and primary occupant.
Furniture in home negotiable for purchaser to make furnished units. Supplies and materials to finish home included. Riding lawnmower included.
With these kinds of return on investment (+ $223,406 with $25,000 invested), this property won't last long! Come see it today. Must be accompanied by Realtor.
Generate $63,000 yearly income, with a $677,900 approximate complete improvement value, for approximately $25,000 (being provided by the seller!). This unfinished 3,353 SF colonial/split ranch includes 2 kitchens and a kitchenette, 3 laundry rooms, 3.5 baths, 7 bedrooms + Studio, 3 separate entrance/exit points. Updated electrical, plumbing, new furnace, 30-year roof, new flooring, high end casement windows, new countertops and cabinets (with granite on hand for any investor to finish the kitchenette with downstairs! Add an egress window for $5k to maximize with your concessions and increase your income opportunity into three units by finishing the studio)!
All bedrooms in unit #1 were previously individually rented at $800/mo (x3) each, generating $2,400/mo. income. The anticipated income of having all three units occupied is $63,000 per year (minimally). The anticipated improvement value is $677,900 upon completion. Seller is willing to complete additional scope of repairs in written offer (and is consistently working on the home to improve value). Realtor is the seller and primary occupant.
Furniture in home negotiable for purchaser to make furnished units. Supplies and materials to finish home included. Riding lawnmower included.
With these kinds of return on investment (+ $223,406 with $25,000 invested), this property won't last long! Come see it today. Must be accompanied by Realtor.
Features
- Age: Over 50 Years Old
- Amenities: Dock
- Architecture Style: Colonial
- Exterior Type: Brick, Brick Veneer
- Heating System: Forced Air
- Lot Size: 0.69 Acres
- Rooms: Basement
School Information
11151 CLINTON RIVER Road, Sterling Heights, MI 48314
Elementary School
Grades PK-6 |
Public School
DRESDEN ELEMENTARY SCHOOL
Sterling Heights, MI 48314
11400 Delvin Dr
586.797.4500
Distance: 0.2 mi
School Rating
B-
Student:Teacher Ratio
14:1
Total Students
411
Middle School
Grades 7-8 |
Public School
BEMIS JUNIOR HIGH SCHOOL
Sterling Heights, MI 48313
12500 19 Mile Rd
586.797.2500
Distance: 0.8 mi
School Rating
C+
Student:Teacher Ratio
22:1
Total Students
813
High School
Grades 9-12 |
Public School
HENRY FORD II HIGH SCHOOL
Sterling Heights, MI 48313
11911 Clinton River Rd
586.797.1600
Distance: 0.6 mi
School Rating
A-
Student:Teacher Ratio
20:1
Total Students
1780
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Browing Elementary School | 0.7 mi | Public | PK-6 | B+ |
| Jack Harvey Elementary School | 1.0 mi | Public | PK-6 | C |
| Schwarzkoff Elementary School | 1.3 mi | Public | PK-6 | B+ |
| Flickinger Elementary School | 1.3 mi | Public | PK-6 | B- |
| Ucs Alternative Learning Center | 1.3 mi | Public | 9-12 | D |
| Trinity Lutheran School | 1.4 mi | Private | PK-8 | |
| Havel Elementary School | 1.4 mi | Public | PK-6 | A- |
| Eppler Junior High School | 1.6 mi | Public | 7-8 | B- |
| Adlai Stevenson High School | 1.7 mi | Public | 10-12 | A |
| Joan C Sergent Instructional Resource Center | 1.8 mi | Public | 9-12 | |
| Plumbrook Elementary School | 1.8 mi | Public | PK-6 | A- |
| Graebner Elementary School | 1.9 mi | Public | PK-6 | B- |
| Chiquitos Bilingual Montessori | 1.9 mi | Private | PK-6 | |
| Dekeyser Elementary School | 1.9 mi | Public | PK-6 | A- |
| Davis Junior High School | 2.1 mi | Public | 7-8 | C+ |
| Wiley Elementary School | 2.4 mi | Public | PK-6 | B |
| Messmore Elementary School | 2.4 mi | Public | PK-6 | A |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Sterling Heights, MI 48314
| Median Age: | 46.2 |
|---|---|
| Married: | 49% |
| Number of Households: | 8,550 |
| Households with Children: | 22.5% |
Sterling Heights, MI 48314
Demographic Data
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Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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