Lakefront income opportunity? Family compound? Incredibly unique FULLY UPDATED property consisting of a main house duplex with upper 4 bedroom/2 bath unit and lower level 3 bed/1 bath. Lake front cottage is 1 bed/1 bath and a 4-unit apartment building with a 2-bedroom unit and 3, 1-bedroom units. The upgrades, updates and renovations make this a turn-key situation that rarely comes to market. Situated on 5 breathtaking acres on Freedom Lake with the south branch of the Flint River right across a wooden bridge bordering the back of the property. Natural gas, paved road and drive, full home Generac generator and detached garage for added storage. Updates 1392 Maple Grove: new windows (2024), new bathroom (2023), flooring (2024), new electrical panel upgrade to current code (2024), new boiler (2024), hot water heater (2024). Updates 1390 Maple Grove: complete interior renovation (2024), roof (2025), new electrical (2024), new furnace and hot water heater (2024). Updates 1388 Maple Grove: new electric panel (2023), new flooring (2023), 5 new mini splits Mitsubishi (2024), 4 new water heaters (2024), roof (2025), well pump and controller (2026), updated sump pump (2026), french drain (2026). 40 x 10 Greenhouse (2025), new underground electrical (2025). A substantial amount of money has been invested into this lakeside listing; we are searching for unique buyers that recognize the investment potential or multigenerational possibility and have a vision to expand this stunning property into its next chapter. Buyer to verify all future usage and zoning requirements.
Duplex rental in Lapeer. Both units have a kitchen, laundry, and parking. The property features a large, partially fenced lot and a 2-car garage. Each unit has its own utility meters. The 2-bedroom unit is leased through February 2027; the 3-bedroom unit is on a month-to-month lease. Great for a large family, close to downtown Lapeer.
**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**
Courtesy: Exit Realty Group
Jeanne McCorkle
**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 layoutâ??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**
Wonderful 2 unit Investment in the City of Lapeer. Sellers have maintained this duplex during their Ownership, as well as long term Tenants that take pride where they live! Good cash flow investment, and central location to downtown, schools, parks, shopping. Several recent updates in the prev few years, including 2 new HWH Oct 2025. Current Certified Rental permit/City of Lapeer. Unit 1 on ground floor has complete new bathroom Sept 2025. Interior(s) of ea unit have been updated over the prev 10 +/- yrs. Detached Garage. Asphalt driveway. Tenants have existing Lease(s) that can be reviewed upon accepted offer. Cash/ Conv-Purchase is subjerct to existing Leases. All showings are by appointment only with 24 hr notice. No Virtual showings- Licensed Agent Must physically accompany clients for all showings. Seller(s) have never occupied the property. All measurements and data of structure, sq footage, year built are estimated or per public records, and are not deemed accurate by the Seller(s) or Agent . Buyer/Agent is responsible to verify independantly. No Land Contract terms or offer will be considered.
Recent Price Improvement!!! 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: $4,200/month with one unit vacant Full Occupancy Potential: $5,050/month ($60,600 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.
