Courtesy: RE/MAX Platinum-Fenton
Jeffrey Zielinski
810-252-3269
Multi-family investment opportunity in desirable Fenton Township! Both apartments have been leased for several years, with the upper unit recently becoming vacant. The seller has not pursued a new tenant for the upper apartment, providing an excellent opportunity for a buyer to occupy the upper unit while collecting $1,000/month in rent from the lower unit. The upper apartment is estimated to rent for approximately $1,200/month. The property also features a 24 x 32 pole barn with metal siding and roof, a 10-foot-high overhead door, and updated electrical. The seller will have the pole barn painted prior to closing at the seller’s expense. Conveniently located within one mile of US-23 and close to Linden and Fenton, with easy access to a variety of restaurants, shopping, and other amenities. A great opportunity for an investor or owner-occupant looking for rental income and additional storage/workshop space.
Fenton is located in Michigan. Fenton, Michigan has a population of 11,949. Fenton is more family-centric than the surrounding county with 28.46% of the households containing married families with children. The county average for households married with children is 23.76%.
The median household income in Fenton, Michigan is $70,745. The median household income for the surrounding county is $54,052 compared to the national median of $69,021. The median age of people living in Fenton is 38.2 years.
The average high temperature in July is 81.6 degrees, with an average low temperature in January of 14.8 degrees. The average rainfall is approximately 33 inches per year, with 36.3 inches of snow per year.
