602 Townsend Street Midland, MI ^$ 395,000

602 Townsend Street

^$ 395,000

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602 Townsend Street

Midland, MI, 48640

^$ 395,000

Bedrooms6 Baths7.0 Sq 4,430

Monthly Estimate*

^$ 2,625

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Multi-Family Home for sale in Midland, MI

for $395,000 with 6 bedrooms and 7 full baths. This 4,430 square foot home was built in 1913 on a lot size of 0.21.

THINK BIG ON TOWNSEND! Looking to invest in a multi-family property? This unique 7 unit apartment complex is ready for new ownership. Get ready for the gross rent income of $5,647 per month when fully rented. Featuring more than 4,000 square feet across one bedroom, two bedroom and studio units, this property offers immense potential. Currently 5 out of 7 units are filled. Tenant is responsible for electric and heat. Owner manages lawn care & snow removal. This 77 x 120 lot make the maintenance simple. Call today for more information!

Multi-Family Pending

Price

^$ 395,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 7,906

Style

Lot Size

0.21

Year Built

1913

Town/City

Midland

County/Region

Midland

MLS | Web ID

50141846

Features

General

Heating Boiler

Possession Negotiable (Possession)

Water Public Water

Status Pending Pending

Full Baths 7

Half Baths 0

Bathrooms 7

Year Built 1913

Parking 3 or More Spaces

Subdivision Carpenters Div MI

Water Heater Gas

County Midland

Class MULTIFAMILY

Type Multi-Family

Percent Ownership Private

Municipality Midland

Zoning Residential

Structure Style 2 Story

Area Midland (56020)

Primary City Midland

Location Corner Lot

Directions E Indian St to Townsend St

City Midland

School District Midland Public Schools

Street Name Townsend

Financial Terms Cash Conventional

Legal Description SW 77.5 FT OF LOTS 5 & 6 BLK 66 CARPENTERS DIV

DOM 7

Postal Code 48640

Price Per Sq Ft Total 89.16

Coming Soon THINK BIG ON TOWNSEND! Looking to invest in a multi-family property? This unique 7 unit apartment complex is ready for new ownership. Get ready for the gross rent income of $5

Exterior

Exterior Brick Wood

Frontage 77

Lot Size Area 0.21

Lot Dimensions 77x120

Roads City/County Curbed Paved Street

Waterfront Y/N No

Interior

Beds 6

Fireplace? No

Total Number of Units 7

Fuel Type Natural Gas

* Excluded Features

List By

Logan Richetti

Listing Agent

Modern Realty

Broker

logan@modernrealty.us

Affordability Calculator

$3,284

Per Month

Monthly Principal & Interest: $2,625
Monthly Property Taxes: $659
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Midland, MI

Average List Price ^$395,000

Percent of Sale Price 0%

About Midland, MI

42,264 Population

-1% Since 2002

^$57,932 Median Income

38.86 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1450712 Elementary School

1450717 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/13/2024	$395,000		Listed Price

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602 Townsend Street, Midland, MI, 48640 is a Multi-Family Home for sale at $395,000 with 4,430 sqft and a lot size of 0.21. 602 Townsend Street has 6 bedrooms, 7.0 baths, and was built in 1913. The property's zip code is 48640 which is in Midland, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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602 Townsend Street

Multi-Family Home for sale in Midland, MI

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