Location, Location, Location. This 2 family home offers a 2 bedroom, 1 Bath Upper and 2 Bedroom 1 Bath Lower Unit. Each unit is freshly painted, clean and bright. The home has a basement with hookups for laundry for each unit. There is a shared 2 car garage with each unit sharing a parking space. Appliances included are refrigerator (2), stove(2), dishwasher (2), microwave (2) and garbage disposal (2). The home is located in a quiet neighborhood that is within walking distance to beautiful downtown Plymouth. Enjoy Central Park in downtown Plymouth with different seasonal venues, stroll through the shops or enjoy a bite to eat at the numerous restaurant options offered. The best part is you don't have to worry about finding a parking spot! The location is within a few miles of expressways which makes commuting to many different areas easy. Ann Arbor, Detroit Metro Airport, Detroit Sporting Events, etc. All showings must be accompanied by a licensed real estate agent. Seller is a licensed realtor.
Courtesy: Remerica Hometown
Diane Kroll
734-905-0118
Location, Location, Location. This 2 family home offers a 2 bedroom, 1 Bath Upper and 2 Bedroom 1 Bath Lower Unit. Each unit is freshly painted, clean and bright. The home has a basement with hookups for laundry for each unit. There is a shared 2 car garage with each unit sharing a parking space. Appliances included are refrigerator (2), stove(2), dishwasher (2), microwave (2) and garbage disposal (2). The home is located in a quiet neighborhood that is within walking distance to beautiful downtown Plymouth. Enjoy Central Park in downtown Plymouth with different seasonal venues, stroll through the shops or enjoy a bite to eat at the numerous restaurant options offered. The best part is you don't have to worry about finding a parking spot! The location is within a few miles of expressways which makes commuting to many different areas easy. Ann Arbor, Detroit Metro Airport, Detroit Sporting Events, etc. All showings must be accompanied by a licensed real estate agent. Seller is a licensed realtor.
Turnkey 4-unit quadruplex in Plymouth's Historic Old Village, just blocks from downtown Plymouth and Kellogg Park. 100% leased with all four 1BR/1BA units occupied, generating $60,000 in in-place annual gross rent. Recent lease activity shows meaningful embedded rent growth: the longest-tenured resident just renewed at $1,225/mo (up 31% from her prior $935 rent), while a newly signed lease reflects a market-tested $1,325/mo, the highest in the building. Two of the four units remain priced below this level, giving a new owner a clear, low-capex path to mark rents to market as leases turn. Self-managed with a lean ~$13,300 annual operating expense load (taxes, insurance, utilities, repairs/maintenance, landscaping); no management fee has historically been charged. Tenants pay electric; owner covers water, sewer, trash, and natural gas heat. Slab foundation, vinyl exterior, asphalt roof. Ideal for a first-time investor, 1031 exchange buyer, or owner-operator seeking a turnkey income-producing asset in western Wayne County. Buyer/buyer's agent to verify all information.
Plymouth is located in Michigan. Plymouth, Michigan has a population of 9,308. Plymouth is more family-centric than the surrounding county with 40% of the households containing married families with children. The county average for households married with children is 25.56%.
The median household income in Plymouth, Michigan is $96,250. 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 Plymouth is 45.7 years.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 16.9 degrees. The average rainfall is approximately 32.9 inches per year, with 43.7 inches of snow per year.
