$268,000 pending
5054 gratiot avenue, st. clair, MI 48079
| 3,000 Sqft | 0.55 Acres |
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1 of 1 |
Property Description
Discover this updated, income-generating 5-unit apartment building on a .55 acre lot, with a large garage! Unit updates include some flooring, paint, 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. This property does have some deferred maintenance and is in need of some upgrades- an exceptional value-add opportunity for investors or entrepreneurs! 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 $3,650 in monthly rental income, lower township taxes, and natural gas used only for the furnace and hot water tanks-- this property is both profitable and efficient. Five separate electric meters add convenience 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 this 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. A well & septic inspection have already been done- Contact the listing agent today for full details on this versatile investment!
General Information
Sale Price: $268,000
Price/SqFt: $89
Status: Pending
MLS#: mrsmi58050185536
City: st. clair twp
Post Office: st. clair
Schools: marysville
County: St. Clair
Subdivision: n/a
Acres: 0.55
Lot Dimensions: 92 x 308 x 109 x 251
Bedrooms:
Bathrooms: (5 full)
House Size: 3,000 sq.ft.
Acreage: 0.55 est.
Year Built: 1960
Property Type: Single Family
Style: Apartment,Other
Features & Room Sizes
Bedroom 1:
Bedroom 2 :
Bedroom 3:
Bedroom 4:
Family Room:
Greatroom:
Dinning Room:
Kitchen:
Livingroom:
Pole Buildings:
Paved Road: Paved
Garage: 2.5 Car
Garage Description: Detached
Construction: Vinyl
Exterior: Vinyl
Basement: No
Foundation : Slab
Appliances: Oven,Range/Stove,Refrigerator
Cooling: Wall Unit(s)
Heating: Forced Air,Wall Furnace
Fuel: Electric,Natural Gas
Waste: Septic Tank (Existing)
Watersource: Other,Well (Existing)
Tax, Fees & Legal
Est. Summer Taxes: $987
Est. Winter Taxes: $3,374
HOA fees: 1
Legal Description: BEG ON N 1/8 LINE W 374.69 FT FROM ITS INT/SEC WITH IN LINE US-25,TH S 310.45M E 191.97, TH S 58D 18M W 87.31', TH N 31D 45M W 244.04', TH N 89D 7 1/2M E 101.7' TO BEG 0.55 A T5NR16E SEC 2
IDX provided courtesy of Realcomp II Ltd. via Berkshire Hathaway HomeServices Heritage Real Estate and MiRealSource, ©2026 Realcomp II Ltd. Shareholders
Listing By: Renee Bacon of KW Platinum, Phone: (586) 949-0200
