Another Property Sold - 12506 Tuscola, Clio, MI 48420

by Michelle Plunkett, Associate Broker 07/09/2022

12506 Tuscola, Clio, MI 48420
MultifamilySold
List Price $195,000
Sold Price $195,000
12506 Tuscola
Clio, MI 48420
Courtesy of Red Carpet Keim Action Group 1
MLS: East Central AOR
6Beds
3Baths
3,080Sq Ft
Est. Mortgage
$1,107/mo

Rental demand is UP! What a fantastic opportunity to invest in a proven winner! This tri-plex has a great track record for an impressive ROI, is fully leased & has lots of updates already done! Gross Rents are over $30,000 a year! Less than 4% vacancy rate in last 7 years w/ long term tenants. Main furnace, Hot water heater & AC are new. Regular maintenance is done and updates incl flooring, paint, baths & appliances as needed. Collecting rents is hassle free as all tenants use electronic deposit. Tons of parking for tenants, guests & over 3/4 acre lawn! Owners have kept meticulous records of profits, expenses & maintenance. The apartments are each unique & Charming. Unit A is a favorite w/ 2 beds, Tall ceilings, Dining room, private porch & Laundry access in Basement. Unit B is 3 bed w/ 2 private entries, balcony & cute snack bar. Unit C only shares 1 wall, has ground floor entry, huge upstairs bedroom & private porch. Owners gets calls from former tenants asking to get back in!

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About the Author
Author

Michelle Plunkett, Associate Broker

It's simple, really.  Help people.  Each client is unique.  Every situation deserves special attention.  Each home, neighborhood and community is a perfect fit for someone.  Whether you are part of a grieving family settling an estate,  1st time home buyer, Upsizing, simplifying or find yourself starting a new life chapter, I am eager to understand your needs, provide you with options, guide you along and help  you to make insightful, shrewd decisions. What journey do you find yourself embarking on?  I would love to share the adventure with you - keeping it exciting, fun and rewarding!  I am a  FULL TIME   Realtor - working my schedule to fit with your lifestyle and adapting to your technological abilities.  Together we can make it happen! In appreciation for your business and in keeping with the spirit of thankfulness to the community that has supported me along the way, a portion of each commission is donated to charity.