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408 15th St, Port Huron, MI 48060, USA

$119,000

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APPROVED FOR FUNDING FROM OFFERMARKET CAPITAL - GET INSTANT LOAN QUOTE AND PRE APPROVAL

Price Drop !! Buy and Hold
408 15thSt, Port Huron 48060
3 bed, 3 bath, 1,540 sqft
Fully Occupied 3 Unit Multi family
PRODUCES $2,300 MONTHLY
Price: $129,000 $119,000 cash only
ARV: $ 160,000+
Comps:
2917 Military St (2 unit) sold for $145,000 on September 30th, 2024
1414 Pleasant Pl (2 unit) sold for $154,000 on November 16th, 2024
EMD: $5,000 due within 24 hours of signing
Escrow: Opened with Title Inc
Closing: By February 6th, 2024, buyer pays all closing cost (looking for end buyer,NO DAISY CHAINS!)
Repairs: FULLY RENOVATED IN 2022-LVP flooring, windows, roof, electrical, furnace, updated kitchens, Fully updated bathrooms. Has Michigan basement. Shares one furnace- seller just installed wall mounted electric heaters in each unit this week. Shares one HWT, owner currently pays all utilities. ** WILL BE SOLD WITH CURRENT CITY INSPECTIONS PASSED AND COMPLETED**
RENT: Upper Loft Unit (3): $700, Back unit (2): $750, Front Unit (1): $850

To submit an offer or schedule a showing, please contact the seller on the listing.

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Loan Type Rate Points Term

DSCR ("Rental")

6.5% - 8.5% 0.5 - 2 30 year

Fix and Rent ("Bridge", "Hard Money", "Fix and Flip")

10.75% 1 - 2 6 - 18 months