415 W State St, Corunna, MI 48817

Building Details

Year Built

1910

Listing agent Abdul Abro Show Phone

Listing office a***@homefrontmi.com Show Phone

Listing date Apr 26, 2026

Source Elliman

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 Abdul Abro

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Overview

This is a turnkey income-producing triplex located in Corunna, Michigan, generating $22,620 in annual rental income. All three units are currently leased. Constructed in 1910, the well-maintained property features a unit mix of a 3-bedroom unit (1,100 sq ft, $685/mo), a 2-bedroom unit (920 sq ft, $775/mo), and a studio unit (250 sq ft, $425/mo). The property is situated on a 0.32-acre lot (102x145). The building includes an unfinished basement, natural gas forced air heating with separate meters, deck and porch, public water and sewer, and assigned parking. The roof is asphalt. The net operating income is $16,979, delivering a cap rate of approximately 10.6%.

Suggested Use

Real Estate Agency Law Firm Restaurant Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Corunna

County

Shiawassee

State

Michigan

Longitude

-84.122211

Latitude

42.979811

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FAQs

What type of property is this?

Triplex - Income-producing triplex with $22,620 annual rental income.

Where is this triplex located?

The property is located at 415 W State St Corunna, MI.

What is the asking price?

The asking price for this property is $159,900.

What are key features of this property?

This property features: Turnkey triplex generating $22,620 annual rental income with all units currently leased.; Approximately 10.6% cap rate and $16,979 net operating income.; Diverse unit mix (3‑bedroom, 2‑bedroom, and studio) for broad tenant appeal.