80
See all 80 photos
$257,900
Est. payment /mo
6,384 SqFt
New
1298 Colfax Avenue Benton Harbor, MI 49022-5910
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,384 sqft
Price per Sqft $40
Subdivision Mi
MLS Listing ID 70550919
Year Built 1887
Annual Tax Amount $6,884
Tax Year 2025
Lot Size 1.690 Acres
Acres 1.69
Lot Dimensions 233 x 297
Property Sub-Type Multi-Family
Property Description
Exceptional investment opportunity with multiple income streams and significant upside potential! This unique property features two separate rental buildings on one parcel. The front building includes two 2-BR, 1-bath apts, with the upper unit currently leased at $900/mo and the lower unit vacant, offering the flexibility to generate additional rental income immediately or occupy the unit yourself. The rear building features multiple bedrooms, 1.5 baths, kitchen & laundry, creating additional income possibilities. Numerous capital improvements have already been completed, including exterior updates & partial roof replacement on the front building, a brand-new roof and updated electrical, furnace, and exterior repairs to the rear building, new sewer line to the street, updated kitchen and bathroom in the upper apartment. Whether you're looking to expand your investment portfolio or capitalize on a property with strong cash-flow potential, this is an opportunity you don't want to miss!
Location
State MI
County Berrien
Area St Joseph Twp (11019)
Interior
Heating Forced Air
Cooling None
Exterior
Exterior Feature Brick, Wood
Amenities Available Laundry Facility
Building
Lot Description Ravine, Wooded
Foundation Basement, Slab
Structure Type Brick,Wood
Schools
School District Benton Harbor Area Schools
Others
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by eXp Realty
Nearby Locations
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