Investment opportunity with an occupied three-bedroom, one-bath first-floor unit featuring a kitchen, living room, and in-unit laundry. The first-floor unit is currently rented for $750 per month on a month-to-month basis, with the tenant paying utilities and handling lawn mowing. The second floor has a separate entrance and offers the potential to create a spacious one-bedroom apartment or additional income-producing unit after renovations are completed. This could be an excellent opportunity for an owner-occupant to live in one unit while renting the other. The second floor has separate gas service, while the electrical service is currently disconnected and will require evaluation and completion. The owner also began replacing the main cast-iron drain line. The property is currently being used as one rental unit. Buyer and buyer's agent should independently verify zoning, permitted use, rental certification, utility services, and all requirements necessary to complete and legally occupy the second-floor space.
Caro is located in Michigan. Caro, Michigan has a population of 4,318. Caro is less family-centric than the surrounding county with 22.09% of the households containing married families with children. The county average for households married with children is 26.91%.
The median household income in Caro, Michigan is $39,554. The median household income for the surrounding county is $55,174 compared to the national median of $69,021. The median age of people living in Caro is 42.6 years.
The average high temperature in July is 81.7 degrees, with an average low temperature in January of 12.4 degrees. The average rainfall is approximately 33.8 inches per year, with 39.6 inches of snow per year.
