This 4-Plex has a solid 20-year rental history and based on the current rents, produces almost $35,000 of gross annual income. This building was originally a church but in 2004 the ENTIRE property was remodeled. There are two 3 bedroom with 2 bathroom units that are two stories and feature things like second floor laundry and walk-in closets. The third unit is also two-story and has 2 bedrooms and 1 bathroom and the fourth is 2 bedroom and 1 bathroom that features one level living. All units have their own laundry, furnace, central air unit, water heater, septic, and utility meter. Tenants are currently month to month and pay their own utility costs. There is plenty of on-site parking and many other features that make this property a turnkey investment with enormous upside!
Sold for $236,000
$236,000
4760 N Lumberjack Rd, Riverdale, MI 48877
10beds
6baths
4,185sqft
Multi Family
Built in 1930
-- sqft lot
$249,200 Zestimate®
$56/sqft
$2,058 Estimated rent
Home value
$249,200
Estimated sales range
Not available
$2,058/mo
Zestimate® history
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$1,247/mo
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Zillow last checked: 7 hours ago
Listing updated: December 30, 2024 at 08:35am
Listed by:
Jayson Sumerix 989-620-0350,
CENTURY 21 LEE-MAC REALTY 989-463-6085
Bought with:
Non Member Office
NON-MLS MEMBER OFFICE
Source: NGLRMLS,MLS#: 1927925
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Water Filtration System, Electric Water Heater
- Laundry: Laundry Hook-up
Features
- Walk-In Closet(s), Cable TV, High Speed Internet
- Basement: Crawl Space
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 4,185
- Total interior livable area: 4,185 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Exterior features: None
- Waterfront features: None
Lot
- Size: 0.49 Acres
- Dimensions: 118 x 182
Details
- Additional structures: None
- Parcel number: 1420003500
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Frame, Vinyl Siding
- Foundation: Block, Stone
- Roof: Metal
Condition
- New construction: No
- Year built: 1930
- Major remodel year: 2004
Utilities & green energy
- Sewer: Private Sewer
- Water: Private
Community & neighborhood
Community
- Community features: None
Location
- Region: Riverdale
- Subdivision: SUMNER TOWNSHIP
HOA & financial
Other financial information
- Total actual rent: 2888
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Price range: $236K - $236K
- Listing terms: Conventional,Cash
- Ownership type: Private Owner
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 12/27/2024 | Sold | $236,000-7.5%$56/sqft |
Source:  NGLRMLS #1927925 Report a problem | ||
| 10/29/2024 | Price change | $255,000-13.6%$61/sqft |
Source: NGLRMLS #1927925 Report a problem | ||
| 10/7/2024 | Listed for sale | $295,000$70/sqft |
Source: NGLRMLS #1927925 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,650 +340.4% | $118,000 +5.3% |
| 2024 | $602 | $112,100 +16.4% |
| 2023 | -- | $96,300 +13.4% |
Find assessor info on the county website
Neighborhood: Elm Hall
Nearby schools
GreatSchools rating
- NALuce Road Elementary SchoolGrades: PK-1Distance: 7.5 mi
- 5/10Donald L. Pavlik Middle SchoolGrades: 6-8Distance: 9.4 mi
- 6/10Alma Senior High SchoolGrades: 9-12Distance: 9.3 mi
Schools provided by the listing agent
- District: Alma Public Schools
Source: NGLRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Michigan
- Gratiot County
- Riverdale
- 48877
- Elm Hall
- 4760 N Lumberjack Rd