Sold

501 W 3RD Street

Rochester MI, 48307

$640,000


$151.77 per sqft

Sold

4 Beds

4 Baths

4,217 sqft

Multi-family

Built in 1945

Charming, hard to find four family investment property in Rochester. Enjoy a short walk to town where you will find a delightful
blend of historic charm and modern vibrancy. Here, you'll find more than 350 shops to explore. Very unique, well maintained
4-unit complex with additional 3 car garage and separate laundry/out building that has development potential.
All units have private entrances, are one bedroom/one bath and are spacious at 900 sq. ft.. Each unit offers a different floor plan
and unique characteristics.
The complex has many updates to include: newer HVAC systems, updated Pella windows, refinished hardwood floors,
appliances, cabinets and full cement driveway.
All units are currently occupied have an excellent rental history. Current rates are under market value and the new owner has
an opportunity to increase ROI.
Please do not approach the tenants. Finacial documents available in documents.

20240051308

MLS ID

July 16, 2024

Listed

October 2, 2024

Updated

Map

501 W 3RD Street
Rochester MI, 48307

Interior Features

Bedrooms

4


Total Bathrooms

4


Full Bathrooms

4


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.32 Acres


Architectual Style

Quadruplex

School Information

School District

Rochester

Other Property Details

Area Name

Rochester


Taxes

$12,167


Tax Frequency

Annually


Days on Market

6


Garage

Yes


Parking Total

5


View

No


County

Oakland


Pool

No


Zoning

Multi-Family

Listing History

Date

Event

Price

8/6/2024

Sold

$640,000

7/22/2024

Pending

 

Courtesy of Coldwell Banker Realty-Birmingham

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Erica Kohler shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Originating MLS:
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Data last updated 4:37 AM UTC, 10/2/2024

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