415 W State ST Corunna, MI 48817
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Rent
Square Footage 2,268 sqft
Subdivision City/Corunna
MLS Listing ID 20261022276
Style Triplex
Full Baths 3
Year Built 1910
Lot Size 0.320 Acres
Acres 0.32
Property Sub-Type MultiFamily
Property Description
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 3,318 sq ft 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
Area Area07072Corunna
Rooms
Basement Unfinished
Interior
Heating Forced Air, Natural Gas, Separate Meters
Cooling Ceiling Fans
Fireplace No
Exterior
Parking Features Assigned
Pool None
View Y/N No
Roof Type Asphalt
Garage false
Building
Foundation Basement, MichiganBasement, Wood
Sewer Public Sewer
Water Public
New Construction No
Schools
High Schools Corunna
School District Corunna
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Cats Ok, Dogs Ok
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