122 W Lagrange Street $235,000

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    122 W Lagrange Street Morenci, MI 49256

    Sold
    SOLD 7/1/2024

    $235,000

    Market Estimate
    • 4 Beds
    • 4 Baths
    • 2,346 sq. ft.
    • Multi-Family
    • MLS# 50143383
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    Property Details

    Welcome to this beautiful multifamily home nestled in the heart of Morenci. If you're looking for your next investment property, look no further! This 4-unit home is fully renovated and offers a comfortable 1-bed, 1-bath layout, meticulously updated to ensure modern comfort and style, providing a stable income. The property features smoke-free units that are fully occupied by friendly, quiet, reliable tenants who are very eager to stay. The property includes separate electrical boxes for each unit, with heat, water, and trash covered by the owner simplifying the rental process. Additionally, a convenient coin laundry room is available for tenants, which covers the cost of the water bill. Providing a stable income, these units are ready for you with nothing to do but sign the deed. The large lot offers a multitude of options for future development or enhancement. The expansive space provides ample opportunity for building additional units, significantly increasing the property's income potential. Alternatively, you could create a community play area, a picnic area, or even a garden space to enhance the living experience for your tenants, making the property even more attractive. This property is a robust investment option that can provide a consistant income, and long-term appreciation. If you are looking for an attractive addition to your investment portfolio, don't wait! Contact us today to arrange your private showing!

    • General Features
      • Acreage 0.33
      • Area Municipality Morenci (46035)
      • Bedrooms 4
      • County Lenawee
      • Originating MLS Southeastern Border Association
      • Ownership LLC
      • Structure Style 1 Story
      • Subdivision n/a
      • Waterfront Y/N No
      • Year Built 1953
    • Building Features
      • Appliances Range/Oven, Refrigerator
      • FUEL TYPE Natural Gas
      • Foundation Type Slab
      • Heating System Boiler
    • Property Features
      • Sewer Septic Public Sanitary
      • Lot Size 109x203x82x203
      • Water Public Water
    • Schools
      • School District Morenci Area Schools

    Neighborhood

    49256 (Morenci) Demographics

    45 Median Age
    60 Population Density (per sq. mile)
    19% College Educated
    $46,100 Estimated Median Income
    1,184 Estimated Total Home Owners
    362 Estimated Total Renters
    77% / 23% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    3,530 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $84,750 Median Sales Price
    2 Homes Sold
    5 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        7/1/2024 3:00:00 AM Sold Source: Multiple Listing Service New Value: $235,000
        6/3/2024 7:05:20 AM Status Changed Source: Multiple Listing Service New Value: Pending
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.