Updated Duplex on Corner
For Sale
$164,000
242 S East St, Vassar, MI 48768
Updated two-unit property with income potential on a corner lot.
Property Size1,250 SF
Price / SF$131.20
Days on Market98
Property Features for 242 S East St
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Investment
Building Details
Year Built
1950
Listing Agency:
(989) 325-0319
Listed By:
Sue McKnight
(989) 325-0319
Source:
Elliman
Added: Apr 26
Changed: Jul 10
Last Checked: Jul 31 at 8:35AM
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 Sue McKnight
Investment Insights
Based on property information with market context.
This updated two-story duplex is situated on a corner lot and features two separate addresses and meters. The property has undergone updates to the plumbing and electrical systems, and includes fresh paint, flooring, and updated outlet covers and some light fixtures in the main floor unit. A cement driveway and shed are included. The downstairs unit, with 1250 square feet, contains 3 bedrooms and 1.5 bathrooms. The upstairs unit offers 736 square feet, with 2 bedrooms and 1 bathroom. Newer windows are installed downstairs, with a mix of windows upstairs. The property can be financed FHA & VA as long as the buyer is living in one unit. A warranty is negotiable. The property presents an opportunity to establish a business while leasing one unit for income. The estimated rent based on market conditions is $1200 per month for the bottom apartment and $750 per month for the upper level, resulting in a gross yearly income of $23,400.
Key Highlights
- Dual‑unit property ideal for owner‑occupancy and rental income.
- Updated with new plumbing, electrical, paint, and flooring.
- Potential gross annual rental income of $23,400.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Explore this area
Business Placement
Demographics for 48768, MI
9,648
Population
4,146
Households
2.3
Avg Household Size
43
Median Age
17%
College-Educated
92%
High-School Grad
105.9 sq mi
ZIP Area
91
Density / Sq Mi
$63,363
Median Household Income
$36,460
Median Earnings
$719
Median Rent
$137,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit property with income potential on a corner lot.
Where is this duplex located?
The property is located at 242 S East St Vassar, MI.
What is the asking price?
The asking price for this property is $164,000.
What are key features of this property?
This property features: Dual‑unit property ideal for owner‑occupancy and rental income.; Updated with new plumbing, electrical, paint, and flooring.; Potential gross annual rental income of $23,400.
