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80619 Main St, Memphis, MI, 48041

6beds
4baths
3,794sqft
$275,000
$72price/sqft
$2,236/moest. monthly cost
$89,440/yrincome needed

About This Home

Great investment opportunity to own a fourplex with strong income potential! This fourplex features two 2-bedroom units and two 1-bedroom units, with two units currently occupied—one renting for $950/month (lower 2 bedroom) and one for $750/month (upper 1 bedroom), both with recently renewed leases. Projected total rental income is approximately $3,400 per month when fully occupied. Each unit is separately metered for electricity, with tenants paying their own utilities, and water is included in rent. Upstairs units offer private balconies, adding tenant appeal. There is a basement with laundry hookups available, along with a rear parking area for tenants. New soffits and gutters (2025). An additional lot behind the parking area provides the opportunity to split and sell or build another home, offering added value and future upside to buyers!

Getting Around

37
WalkingCar-Dependent
0
TransitVery Limited Transit
37
BikeSomewhat Bikeable

Schools

8/10
Memphis Elementary SchoolGrades PK-50.4 mi
7/10
Memphis High SchoolGrades 6-120.4 mi

Construction

Condition

  • Year built: 1892

Materials

  • Foundation: Michigan Basement,Stone
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Colonial
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Finished area above ground: 3,794

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Ceiling Fans

Interior Area

  • Total interior livable area: 3,794 sqft

Property

Details

  • Parcel number: 0302130015
  • Zoning description: Residential
  • Special condition: Short Sale No,Standard
  • Exclusions: Exclusion(s) Do Not Exist

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None

Lot

  • Lot size: 0.51 Acres
  • Lot size dimensions: 74 x 216

Parking

  • Parking features: Parking Lot