47 Pope Street
Lapeer, MI 48446

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Description

6 Unit Multi-Family Investment Property – Near Downtown Lapeer. Each unit offers 1 bedroom and 1 bathroom, with separate gas and electric meters and individual furnaces—tenants pay their own utilities.Current Rent Roll: $4,300/monthFull Occupancy Potential: $5,150/month ($61,800 annually)Owner Expenses: Water and trashWith only one unit currently vacant and consistent rental income, this is a solid investment opportunity and an excellent addition to any real estate portfolio.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family Home
• Listing Status: Active
• County/Area: Lapeer County
• Zip Code: 48446
• Year Built: 1860
• School District: Lapeer
• Basement: Yes
• Lot Size: 7405 sq ft lot
• Association: Yes
• Association Amenities: Pets Allowed
• Construction Materials: Vinyl Siding
• Cooling: Wall Unit(s)
• Directions: North on Main St (M24), Turn E on W Genessee St, Turn N on Pine St, Turn E on Pope St
• Gross Income: 61800
• Heat Source: Natural Gas
• Heating: Forced Air
• Lot Size Area: 0.17
• Lot Size Square Feet: 7405.2
• Lot Size Units: Acres
• MLS Area Major: Lapeer County - 30
• MLS Area Minor: Lapeer County - 30
• Main Type: Multi Family
• Operating Expense: 20244
• Parcel Number: L203880004000
• Road Frontage: 120
• SEV: 135000
• Street Type: Paved
• Tax Annual Amount: 6063
• Tax Legal Description: CITY OF LAPEER ORIGINAL PLAT NE 1/4 SE'LY 36 FT OF LOT 4 & NW'LY 74 FT OF LOT 5 & SW'LY 60 FT OF VAC ALLEY IN BLOCK 40 (L=1 P=73 SEC 5, T7N-R10E)
• Total Approx Sq Ft All Bldgs: 3425
• Total Num Units: 6
• Water Source: Public