415 W State Street, Corunna, MI 48817
415 W State Street, Corunna, MI 48817
415 W State Street, Corunna, MI 48817
415 W State Street, Corunna, MI 48817
415 W State Street, Corunna, MI 48817
415 W State Street, Corunna, MI 48817
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Bailey Walsh

Bailey Walsh

+1(734) 417-2998
$ 159,900
Est. payment | /mo

3 Baths

0.32 Acres Lot

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$ 159,900
Est. payment | /mo
Save Virtual Tour

3 Baths

0.32 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 20261022276

Year Built 1910

Annual Tax Amount $3,638

Lot Size 0.320 Acres

Acres 0.32

Lot Dimensions 102x145

Source Realcomp

Property Description

Turnkey income-producing triplex in Corunna, Michigan — generating $22,620 in annual rental income with all 3 units currently leased. This well-maintained 1910 property features a diverse unit mix: a 3-bedroom (1,100 sq ft, $685/mo), a 2-bedroom (920 sq ft, $775/mo), and a studio (250 sq ft, $425/mo), creating multiple income streams and broad tenant appeal.At a list price of $159,900 and a net operating income of $16,979, this property delivers a cap rate of approximately 10.6% — well above typical market benchmarks and an outstanding return for the price point.Situated on a spacious 0.32-acre lot (102x145), the building includes an unfinished basement with upside potential, natural gas forced air heating with separate meters, deck and porch, public water and sewer, asphalt roof, and assigned parking.Priced at just $70.50/sq ft with immediate cash flow in place — this is a straightforward addition to any investment portfolio. By appointment only.

Location

State MI

County Shiawassee

Zoning Residential

Direction Norton Street / Mizn / er Street

Rooms

Basement Michigan Basement

Interior

Heating Forced Air

Exterior

View Y/N No

Building

Water Public

Structure Type Wood Siding

Schools

School District Corunna

Others

Tax ID 0261003400300

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://view.spiro.media/order/4da3d73e-a02f-45b4-7b77-08de97be012c?branding=false

Listed by Real Estate For A CAUSE

Nearby Locations

Bailey Walsh

I'd love to help you on your search to finding the perfect home! No matter where you're at in the process - don't hesitate to reach out! 

+1(734) 417-2998

baileywalsh@epique.me

2455 W Stadium Blvd, Ann Arbor, MI, 48103, USA

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415 W State Street