7542 Meadow AVE Warren, MI 48091
2 Baths
2,256 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 2,256 sqft
Price per Sqft $106
MLS Listing ID 20261076376
Style Colonial
Full Baths 2
Year Built 1942
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type MultiFamily
Property Description
LET'S TALK ABOUT ?PROPERTY HIGHLIGHTS & FINANCIAL BREAKDOWN: ?Lower Unit (2 Beds / 1 Bath): $1,300/mo guaranteed rent. Features updated vanity, new carpet/flooring, and fresh paint. ?Upper Unit (4 Beds / 1 Bath): $1,500/mo guaranteed rent. Updated kitchen featuring newer cabinets and countertops. ?Total Current Income: $2,800/mo ($33,600/yr) which is exceeding the 1% rule!? Zero immediate capital expenditures needed! This building has been extensively updated! Updated mechanicals! High-efficiency heating systems, newer furnace and newer water heater. Updated plumbing and electrical work, newer electrical panels for both units, and modern plumbing/electrical fixtures throughout. Vinyl windows throughout (with blinds), newer front roof, and fully repainted interior. ?Inclusions: Both sets of unit appliances are landlord-owned and convey with the sale. The property includes an adjacent FREE buildable lot—a massive value-add for future development, expansion, or separate resale! ?The seller is liquidating equity solely to fund another project, creating a rare opening to step into a fully stabilized, turnkey income producer. Leads immediately with the 1%+ rule, $2,800/mo income, and guaranteed lease structure to hook investor attention in search feeds. Emphasizes that leases are paid through housing agencies signaling reliable rent collection and minimal vacancy risk. Updated mechanicals, roof, electrical, and plumbing into a clear section to prove to out-of-state or local hands-off investors that maintenance costs will be low.
Location
State MI
County Macomb
Area Area03131Warren
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Parking Features Garage
Pool None
View Y/N No
Garage true
Building
Foundation CrawlSpace
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Van Dyke
Others
Senior Community false
Acceptable Financing Cash, Conventional, FHA, VaLoan, WarrantyDeed
Listing Terms Cash, Conventional, FHA, VaLoan, WarrantyDeed
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Call
