8721 N 2nd ST, Brighton, MI 48116
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$ 425,000

2 Baths

2,041 SqFt


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$ 425,000
Save

2 Baths

2,041 SqFt

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Coming Soon

Purchase Type For Rent

Square Footage 2,041 sqft

MLS Listing ID 20261058496

Style Farmhouse

Full Baths 2

Year Built 1900

Lot Size 0.270 Acres

Acres 0.27

Property Sub-Type MultiFamily

Property Description

Looking for a premier investment property in Brighton, MI? This cash-flowing multifamily duplex is perfectly positioned just a short walk to the Mill Pond and popular shops and restaurants in downtown Brighton. The financials on this two-story farmhouse-style income property work beautifully right out of the gate. The building features two existing rental units, each with its own separate private entrance. Electric and Gas utilities are completely split, as the property is already equipped with two furnaces and two hot water heaters. The biggest draw for real estate investors is the massive value-add potential. The city building department has indicated it might be possible to convert the attached 4 car garage space into a brand-new two-bedroom, two-bathroom apartment. Completing this build-out would add an estimated $1,850 a month to your rent roll, completely transforming your cap rate and forcing serious equity into the building.The property sits on a spacious 0.27-acre fenced lot in Livingston County. There is no shortage of tenant parking, featuring an oversized parking pad alongside two additional driveways. Whether you want a turnkey rental property for steady passive income or want to tackle the garage conversion to maximize your cash flow, this downtown Brighton real estate investment makes perfect sense.

Location

State MI

County Livingston

Area Area01121Brighton

Rooms

Basement Unfinished

Interior

Heating Forced Air, Natural Gas

Cooling Window Unit(s)

Fireplace No

Laundry GasDryerHookup, WasherHookup

Exterior

Parking Features Garage, Oversized

Fence Back Yard, Fencing Allowed

Pool None

Utilities Available UndergroundUtilities

View Y/N No

Roof Type Asphalt

Garage true

Building

Foundation Basement, Block, MichiganBasement

Sewer Public Sewer

Water Well

New Construction No

Schools

School District Brighton

Others

Senior Community false

Acceptable Financing Cash, Contract, Conventional

Listing Terms Cash, Contract, Conventional

Special Listing Condition AgentOwned, ShortSaleNo

Pets Allowed Yes

Realcomp MLS
Listed by Charles Younkin of Real Broker, LLC
Sherry White

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(586) 770-2825

sherryalways@gmail.com

250 Monroe Ave NW #400, Grand Rapids , Michigan, 49503, USA

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8721 N 2nd ST