Fully Occupied Multifamily Investment
For Sale
$805,000
409 Connor St, Onsted, MI 49265
Two buildings with seven units, fully occupied with rental income.
Lot Size0.31 Acres
Days on Market142
Property Features for 409 Connor St
General Information
Standard status
Active
Lot size
0.31 Acres
Property subtype
Investment
Building Details
Year Built
1990
Listing Agency:
Pellow Realty Group
(586) 563-8177
Listed By:
Rebecca Kellar · License #6501313703
(586) 563-8177
Source:
Elliman
Added: Mar 11
Changed: Jul 6
Last Checked: Jul 30 at 7:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pellow Realty Group
Investment Insights
Based on property information with market context.
This property features two buildings with a total of seven units, all of which are currently occupied. A new roof and eaves were installed in 2020. All seven units have remodeled bathrooms, and some feature fully renovated kitchens with quartz countertops, updated cabinetry, sinks, subway tile, and new appliances. Additional updates include patio dividers, oak railings, new hot water tanks, quarry tile flooring in three units, updated windows on the front, replaced thermostats, smoke/CO detectors, and upgraded electrical switches/outlets. The unit mix consists of two-bedroom, one-bathroom layouts. The total monthly rent is $7,625, with a potential increase to $8,325 with the next rent increase. Individual unit rents range from $1,000 to $1,200 per month. There is vacant land adjacent to the property that could be used to build additional units.
Key Highlights
- Fully occupied 7‑unit property generating $7,625 monthly rent, with potential to increase to $8,325 with lease renewals.
- Vacant land included, offering potential for building additional units.
- Recent updates include a new roof (2020), remodeled bathrooms in all units, and renovated kitchens in some units with quartz countertops and new appliances.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
Explore this area
Business Placement
Demographics for 49265, MI
5,055
Population
2,468
Households
2
Avg Household Size
49
Median Age
27%
College-Educated
95%
High-School Grad
32.4 sq mi
ZIP Area
156
Density / Sq Mi
$70,020
Median Household Income
$44,914
Median Earnings
$903
Median Rent
$245,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings with seven units, fully occupied with rental income.
Where is this apartment building located?
The property is located at 409 Connor St Onsted, MI.
What is the asking price?
The asking price for this property is $805,000.
What are key features of this property?
This property features: Fully occupied 7‑unit property generating $7,625 monthly rent, with potential to increase to $8,325 with lease renewals.; Vacant land included, offering potential for building additional units.; Recent updates include a new roof (2020), remodeled bathrooms in all units, and renovated kitchens in some units with quartz countertops and new appliances.
