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Mark Brace

[email protected] +1(616) 447-7025

$ 399,250

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11151 CLINTON RIVER Road Sterling Heights, MI 48314

4 Baths

0.69 Acres Lot

UPDATED:

01/09/2025 04:49 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality Sterling Heights City

Subdivision Sterling Heights City

MLS Listing ID 20240077489

Originating Board Realcomp

Year Built 1960

Annual Tax Amount $5,560

Lot Size 0.690 Acres

Acres 0.69

Lot Dimensions 155.00 x 194.00

Property Description

*Updated Listing*SUPERIOR income property with TONS of improvement value, and more still remaining, with incredible instant equity available and a 19.6% cash on cash return. Zoned Class C (Commercial), R-60 (permissible for two family dwellings), maximize this investment as a multi unit residence in a prime time location! Situated on 3/4 of an acre, next to M-59 and major freeways, this completely fenced in property - with a boat gate - is comparable to no other, with all major shopping, travel and commute paths in easily accessible range. This beautifully wooded property feels like the country, situated in the center of the major community river walk renovation (state and federally funded), with a location that is about to boom, meaning huge returns on investment for any type of investor! Finish this property and generate $63,000 yearly 3,353 SF colonial/split ranch includes six bedrooms, two kitchens, and a partial kitchenette, three and a half baths, three laundry rooms and three separate entrance/exit points. Updated electrical, plumbing, new furnace, 30 year roof, new flooring, high end casement windows, new butcher block countertops and much, much, much more!Unit #2 is a ranch style that has 3 bedrooms (or two bedrooms and an office), with built in deep shiplap storage cabinets, one bathroom, including a jet whirlpool tub, a full kitchen with cantilevered butcher block for barstool seating, and laundry room with stackable washer and dryer. Unit #1 is a split level ranch and colonial, with three bedrooms, one and a half bathrooms, dining room, and a full workable kitchen and unfinished laundry room. Downstairs has a fully functional washer and dryer, bathroom sink and toilet (with an unfinished shower), partial kitchenette, access to all panels, meters, and furnace. Ductwork is split for two (or three) zones. Turn your investment into immediate income, or occupy one unit and rent out the other, while you make the finishing touches to this home into your perfect dream!

Location

State MI

County Macomb

Area Macomb County - 50

Zoning Multiple

Direction Corner of 19 mile and Clinton River Road

Rooms

Basement Crawl Space

Interior

Heating Forced Air

Cooling Central Air

Exterior

View Y/N No

Roof Type Composition

Handicap Access Accessible Kitchen, No Step Entrance

Building

Water Public

Structure Type Aluminum Siding,Brick

Schools

School District Utica

Others

Tax ID 1003454010

Acceptable Financing Assumable, Cash, Conventional, FHA, Rural Development

Listing Terms Assumable, Cash, Conventional, FHA, Rural Development

Special Listing Condition {"Other":true}

Listed by EXP Realty

Mark Brace

Broker Associate | g6506043184

+1(616) 447-7025

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Grand Rapids, MI

Mark Brace

11151 CLINTON RIVER Road Sterling Heights, MI 48314

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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11151 CLINTON RIVER Road