About 5054 Gratiot Ave
Discover this updated, income-generating 5-unit apartment building-an exceptional opportunity for investors or entrepreneurs! Unit updates include flooring, fresh paint, updated closets, and bathroom upgrades. Recent major improvements include two 50-gallon hot water tanks and roof work (2024), a new well pump & pressure regulator, and a septic system that's professionally serviced annually. The property features three 1 bed/1 bath units, one 1+/1 unit, and one 2 bed/1 bath unit, plus a spacious 2.5-car garage with ample parking. With $3,750 in monthly rental income, lower township taxes, and natural gas only used for the furnace and hot water tanks-- this property is both profitable and efficient. Five separate electric meters add convenience for tenants and ease of management. Additional permitted uses expand the potential of this property even further! Consider operating a daycare center, bed & breakfast, senior day care facility, or even running your own business from the property. Ideally located just minutes from the expressway and downtown Marysville, within the desirable Marysville School District (St. Clair Township mailing address), this property offers privacy, accessibility, and multiple income opportunities. Contact the listing agent today for full details on this versatile investment!
Features of 5054 Gratiot Ave
| MLS® # | 58050185537 |
|---|---|
| Price | $299,900 |
| Bedrooms | 6 |
| Bathrooms | 5.00 |
| Full Baths | 5 |
| Square Footage | 3,000 |
| Acres | 0.55 |
| Year Built | 1960 |
| Type | Multifamily |
| Status | Active |
Community Information
| Address | 5054 Gratiot Ave |
|---|---|
| Area | 10171 - St. Clair Twp |
| Subdivision | N/A |
| City | St. Clair township |
| County | St. Clair |
| State | Michigan |
| Zip Code | 48079 |
Amenities
| Parking | 2.5 Car Garage, Assigned 2+ Spaces, Detached, Lighted |
|---|---|
| # of Garages | 3 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Oven, Refrigerator, Range |
|---|---|
| Heating | Electric, Forced Air, Natural Gas, Wall Furnace |
| Cooling | Wall/Window Unit(s) |
| Fireplace | No |
Exterior
| Construction | Vinyl Siding |
|---|---|
| Foundation | Block, Slab |
School Information
| District | Marysville |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | KW Platinum |
|---|---|
| Contact Info | reneebacon@kw.com |