900 Tyler St presents a compelling opportunity for investors seeking an established multifamily property with current occupancy and additional value add potential. The property is currently configured as four occupied units and offers multiple unit layouts, generous overall building size, ample parking, a full basement, boiler heat, and private well/septic. Seller reports a number of prior improvements throughout the property, including flooring, windows, paint, attic insulation, and bathroom updates in selected units, along with a newer roof. Seller reports the property was historically configured with an additional 5 bedroom unit, creating an opportunity for buyers to independently investigate future use possibilities subject to legal recognition, zoning, permits, municipal approvals, and all applicable requirements. This is an opportunity to acquire an established income-producing multifamily asset while evaluating future rent growth, operational improvements, and additional value-add potential.
Lennon is located in Michigan. Lennon, Michigan has a population of 462. Lennon is less family-centric than the surrounding county with 13.95% of the households containing married families with children. The county average for households married with children is 26.23%.
The median household income in Lennon, Michigan is $54,375. The median household income for the surrounding county is $58,004 compared to the national median of $69,021. The median age of people living in Lennon is 32.6 years.
The average high temperature in July is 82.4 degrees, with an average low temperature in January of 14.6 degrees. The average rainfall is approximately 32.3 inches per year, with 37.8 inches of snow per year.
