Discover this fully leased 3-unit property in the heart of Melvindale, perfect for savvy investors. This property includes two valuable lots, 191 and 192, providing additional potential for future development or expansion. Recent upgrades include a new boiler and hot water heater, ensuring peace of mind for the new owner. Enjoy the convenience of local shopping and easy access to the expressway. The landlord currently covers all utilities, making this a hassle-free investment opportunity. Please note that showings are only available after an offer is accepted, and we ask that you respect the tenants' privacy and do not approach them. For those looking to enhance their investment, two additional lots are also available for sale at $65,000 each. Don't miss this chance to own a well-located, income-generating property in Melvindale.
Melvindale is located in Michigan. Melvindale, Michigan has a population of 12,534. Melvindale is more family-centric than the surrounding county with 33.92% of the households containing married families with children. The county average for households married with children is 25.56%.
The median household income in Melvindale, Michigan is $36,700. The median household income for the surrounding county is $52,830 compared to the national median of $69,021. The median age of people living in Melvindale is 35.5 years.
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 18.4 degrees. The average rainfall is approximately 34.4 inches per year, with 34.3 inches of snow per year.
