421 JEFFERSON ST Lapeer, MI 48446

Multifamily Investment Opportunity, City of Lapeer! Home well maintained inside and out! Currently the upper unit is rented for $375 every 2 weeks. Lower unit is vacant and just waiting for you to decide to live in or rent and was previously rented for $400 every 2 weeks. Upper unit has oak kitchen, lots of cabinets, tiled bathroom, 2 generous bedrooms, and living room. Lower unit was just freshly painted, has 2 bedrooms, oak kitchen, dining room with hardwood floors, tiled bathroom, A/C and basement access. Both units have separate utilities and their own laundry facilities in each unit. New high efficiency furnace installed 2017. Potential projected annual gross income is $20,150. Both units city certified for 2 years in August 2019 and are MSHDA approved. Walking distance to dining/shopping. Easy access to M-24, I-69. Buyer to pay seller's title insurance, transfer tax and title company closing fees at close. Great ROI over 13%, investment should pay for itself in just over 7 years!