109 South Division Street
Tecumseh, MI 49286

$229,000
Est. Mortgage: $895/mo
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Active
  • 2,400
    sq.ft.
Multi-Family Home

ATTENTION INVESTORS - RENOVATED QUAD INCOME PROPERTY located in the heart of Tecumseh! Solid all brick ranch features 4 - 2 bedroom, 1 bath, 600 sf units, each with a private full basement providing ample living space. Each unit has been remodeled; new kitchen cabinets and counter tops, new full bath, all new flooring and fresh paint. There is private parking in the rear; 2 parking spaces per unit. Each unit has private access, front door and rear door. Private laundry in the basement of each unit; tenant to provide washer and dryer. Walk to the ER (great rental location for ER employees), and all that downtown Tecumseh has to offer! Close proximity to Ann Arbor and US-23. Current rent $600/mo per unit, but negotiable with new leases. Great investment - solid ranch with curb appeal and prime location. Don't miss this rare investment opportunity! 6% cap rate includes 8% property management fee. NOI $13,900. Manage this property on your own and increase your cap rate to 7%.

Property Details
  • Tecumseh
    school district
  • 1964
    built
  • 3253710
    MLS#
Parking spaces: 8
Lot zoned: Comm
Units in building(s): 4.00
Courtesy of:
The Charles Reinhart Company
Elke R VanDyke

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Name Type GreatSchools
Rating
Distance
Tecumseh Acres Elementary School Elementary School / Public 6 1.05 mi.
Tecumseh Middle School Middle School / Public 6 0.28 mi.
Tecumseh High School High School / Public 10 1.23 mi.
Herrick Park Elementary School * Elementary School / Public 4 0.43 mi.
Patterson Elementary School * Elementary School / Public 8 0.81 mi.
Tecumseh Options Institute * High School / Public N/A 0.38 mi.
Address Distance Sale date Sale price
2978 LEE MARIE DR. 7.94 mi. 5/29/2015 $192,000
531 N McKenzie Street 8.83 mi. 7/22/2016 $250,000
531 N MCKENZIE ST 8.83 mi. 9/1/2006 $240,000
505 W MAUMEE ST 9.07 mi. 9/8/2008 $199,900
505 W MAUMEE 9.07 mi. 12/30/2014 $143,500
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{"markerType": "Sold", "lat": "41.92701", "lng": "-84.05134", "Address": "2978 LEE MARIE DR.", "City": "Adrian Township", "StateProv": "MI", "ZipCode": "49221"}
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{"markerType": "Sold", "lat": "41.90755", "lng": "-84.04919", "Address": "531 N MCKENZIE ST", "City": "Adrian", "StateProv": "MI", "ZipCode": "49221"}
{"markerType": "Sold", "lat": "41.89968", "lng": "-84.04355", "Address": "505 W MAUMEE ST", "City": "Adrian", "StateProv": "MI", "ZipCode": "49221"}
{"markerType": "Sold", "lat": "41.89968", "lng": "-84.04355", "Address": "505 W MAUMEE", "City": "Adrian", "StateProv": "MI", "ZipCode": "49221"}
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Tecumseh Real Estate Market in 49286
96
Properties for sale right now
$121,560
Average sale price
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NMLS# 1020357
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The approximate monthly principal & interest payment for this property would be $895.34.

This payment is based on a 30-year loan at a fixed rate of 4.125 % - APR 4.195 % with a down payment of $45,800. Actual lender interest rates and loan programs may vary. Loans with lower down payments are available.

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109 South Division Street, Tecumseh, MI 49286 multi-family home offered for sale at $229,000.
School ratings are supplied by GreatSchools. School attendance zone boundaries are supplied by Maponics. Both are subject to change.

* indicates a school is in close proximity to this home, but this home is not guaranteed to fall within the school's attendance zone boundaries. Check with the applicable school district prior to making a decision based on these boundaries.