Welcome to your perfect investment opportunity! Nestled down a quiet private country road, this 4-unit apartment building offers tranquility and space on 2.75 picturesque acres. Each spacious unit features 3 bedrooms and 1 bathroom, making it ideal for tenants seeking a peaceful, countryside lifestyle. Three of the four units have been extensively renovated within the last five years. The property includes a shared laundry facility equipped with coin-operated machines, adding convenience for tenants and additional income for the owner. With tenants responsible for their own electric, and the owner covering propane heating (powered by a new boiler installed in the last five years), this low-maintenance property is a prime investment for both new and seasoned investors. All tenants have month-to-month leases, providing flexibility and adjustable income potential for new owners. Don�t miss out on this rare opportunity to own a serene, income-generating property in a peaceful rural setting. If you�ve ever dreamed of becoming an investor, now is your chance! This is an agent owned property.
Silverwood is located in Michigan. Silverwood, Michigan has a population of 1,465. Silverwood is more family-centric than the surrounding county with 33.44% of the households containing married families with children. The county average for households married with children is 27.63%.
The median household income in Silverwood, Michigan is $53,167. 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 Silverwood is 48.1 years.
The average high temperature in July is 81.5 degrees, with an average low temperature in January of 13.6 degrees. The average rainfall is approximately 32 inches per year, with 36.3 inches of snow per year.
