416 River Street
Three Rivers, MI 49093

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Description

Exceptional investment opportunity in the heart of Three Rivers! This well-maintained quadplex offers direct river frontage and a proven track record of 100% occupancy. Each of the four units features 2 bedrooms and 1 full bathroom, providing comfortable and functional living spaces that attract long-term tenants. Currently generating $750 per month per unit, this property delivers consistent cash flow with room for future growth. The building has been well cared for and sits on a peaceful stretch of the river allowing tenants to enjoy scenic views and easy access to downtown amenities, parks, and schools. Whether you're a seasoned investor or just expanding your portfolio, this property is a rare opportunity to own a solid income-producing asset in a desirable Three Rivers location.

Features

• Property Type: Multi Family Home
• Sub Type: 2 to 4 Units
• Listing Status: Active
• County/Area: St. Joseph County
• Zip Code: 49093
• Year Built: 1976
• School District: Three Rivers
• Units: 4 units
• Basement: Slab
• # of Parking Spaces: 5
• Lot Size: 12415 sq ft lot
• Waterfront: River Front
• Basement Type: No
• Construction Materials: Vinyl Siding
• Cross Street: S Main and Mechanic
• Directions: Take S Main St to River St. Property sits adjacent to river.
• Driveway: Asphalt
• Extras: Sep Electric Meter
• Heat Type: Radiant
• Heating: Radiant
• Lot Size Area: 0.29
• Lot Size Square Feet: 12415
• Lot Size Units: Acres
• MLS Area Major: St. Joseph County - J
• MLS Area Minor: St. Joseph County - J
• Main Type: Multi Family
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 1
• Owner Pays: Sewer, Trash Collection, Water
• Ownership: Private Owned
• Parcel Number: 051 230 018 02
• Parking Features: Asphalt
• Possession: Close Of Escrow
• Road Frontage: 95
• Road Surface Type: Paved
• Roof: Composition
• SEV: 106300
• Sewer: Public Sewer
• Spec Assessment Ty: None known
• Statewide Lakes Rivers: St Joseph River
• Street Type: Paved, Public
• Tax Annual Amount: 2215.87
• Tax Legal Description: COM 192 FT E OF INT S MAIN ST & RIVER ST TH E 95 FT (REC 100 FT) ALG RIVER ST TH N TO RIVER TH WLY ALG RIVER TO PT DUE N OF POB TH S TO POB. PT OF LOT 17 BLK 1 FLINTS ADD CITY OF 3 RIVERS.
• Tax Year: 2025
• Tenant Pays: Electricity
• Terms Available: Cash, Conventional
• Total Approx Sq Ft All Bldgs: 2700
• Township: Three Rivers City
• Util Availat Street: Electricity Available, Public Sewer, Public Water
• Utilities: Electricity Connected, Electricity Available
• Water Access: Yes
• Water Body Name: St Joseph River
• Water Frontage 3: 100
• Water Source: Public
• Zoning Description: Residential