Great investment opportunity in the heart of downtown Vanderbilt! This multi-unit property features three established rental units with a fourth unit ready to be finished--offering immediate income with added value potential. The building includes a spacious 3 bed/2 bath unit, a 2 bed/1 bath unit, and a 1 bed/1 bath unit, all currently rented. The fourth unit is framed and ready for completion, with flexibility to design as a 2 or 3 bedroom, 1 bath layout. Situated on a generous lot with ample parking, this property is within walking distance to everything in the village and offers quick access to I-75--making it attractive to both tenants and commuters. This property delivers location, income, and opportunity.
Vanderbilt is located in Michigan. Vanderbilt, Michigan has a population of 465. Vanderbilt is less family-centric than the surrounding county with 21.57% of the households containing married families with children. The county average for households married with children is 24.43%.
The median household income in Vanderbilt, Michigan is $38,750. The median household income for the surrounding county is $59,330 compared to the national median of $69,021. The median age of people living in Vanderbilt is 39.8 years.
The average high temperature in July is 78.8 degrees, with an average low temperature in January of 8.8 degrees. The average rainfall is approximately 32.8 inches per year, with 115.2 inches of snow per year.
