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$ 150,000
Est. payment /mo
Open Sat 1PM-4PM
310 N Bridge Street Linden, MI 48451 9669
2 Baths
1,496 SqFt
Open House
Sat Apr 25, 1:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,496 sqft
Price per Sqft $100
Subdivision Mi
MLS Listing ID 60985761
Style 2 Story
Full Baths 2
Year Built 1850
Annual Tax Amount $3,601
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 59X118X59X118
Property Sub-Type Multi-Family
Property Description
This prime downtown Linden duplex at 310 N Bridge Street is in a fantastic location - literally steps from everything downtown has to offer. You truly can't get any closer to the heart of historic Linden, with true walkability to shops, restaurants, parks, the Mill Pond, and the Shiawassee River. While the home needs some cosmetic updates and actual work, it is priced more than $50,000 below comparable properties, presenting a tremendous opportunity for an investor or handyman willing to put in effort. The duplex is currently fully occupied with tenants paying well below market rent on month-to-month leases, providing immediate cash flow and excellent flexibility for the new owner. After some updates, projected rents are approximately $2,100+ per month total, with the larger lower unit at around $1,200/month+ and the smaller upper unit at $900/month+. The property features a brand new water heater, a laundry room in the downstairs unit, separate gas and electric meters (tenants pay their own gas and electric), and the seller currently covers water and sewer at approximately $150 per month. This duplex is sold as-is and offers great potential for value-add in one of Linden's most convenient locations.
Location
State MI
County Genesee
Area Linden (25029)
Zoning Multi-Family
Rooms
Basement MI Basement
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Aluminum
Amenities Available Laundry Facility
Building
Story 2 Story
Water Public Water
Structure Type Aluminum
Schools
School District Linden Comm School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by KW Showcase Realty