Large 6 bedroom/ 4 bath home in the village of Lapeer. The house is currently being used as a 2 unit apartment with one of the units recently vacated. This property is part of a probate court trust and therefore all offers are subject to third party approval. This house could remain a cash flowing rental property that generates income or returned to a single family home. The remaining tenant is on a month to month basis with no long term lease. This corner property has a detached garage and a double sized lot. This property presents many unique opportunities. Convert back to a single family home or use as a combined multi generational home or rent out the upstairs apartment and live in the main home mortgage free! The choice is yours.
**Charming Duplex in the Heart of Lapeer!** Fully rented 2-unit property offering a great investment opportunity. The **main floor unit** features 2 spacious bedrooms, beautiful hardwood floors, a **newly updated bathroom**, convenient **laundry area**, and access to both a **side porch** and **garage**. The **upper unit** has a bright, open layout - perfect for easy living. All **appliances included** (refrigerators and stoves). Please allow **24-hour notice** for all showings. A perfect time to add a reliable rental to your portfolio! 📍 **220/222 W Park St, Lapeer**
6 Unit Multi-Family Investment Property ââ?¬â?? Near Downtown Lapeer. Each unit offers 1 bedroom and 1 bathroom, with separate gas and electric meters and individual furnaces - tenants pay their own utilities. Current Rent Roll: $4,300/month Full Occupancy Potential: $5,150/month ($61,800 annually) Owner Expenses: Water and trash With only one unit currently vacant and consistent rental income, this is a solid investment opportunity and an excellent addition to any real estate portfolio.
Lapeer is located in Michigan. Lapeer, Michigan has a population of 8,911. Lapeer is less family-centric than the surrounding county with 24.85% of the households containing married families with children. The county average for households married with children is 27.63%.
The median household income in Lapeer, Michigan is $47,990. The median household income for the surrounding county is $69,194 compared to the national median of $69,021. The median age of people living in Lapeer is 40.4 years.
The average high temperature in July is 81.9 degrees, with an average low temperature in January of 14.8 degrees. The average rainfall is approximately 33.2 inches per year, with 35 inches of snow per year.
