Four-Unit Residential Income
46131 S Lakeshore Drive Lawrence, MI 49064
For Sale
$385,000
MULTI_FAMILY - Lawrence, MI
Property Size3,800 SF
Lot Size0.50 Acres
Price / SF$101.32
Days on Market99
Property Features for 46131 S Lakeshore Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Rooms
- Bedroom 2, Bedroom 7, Bedroom 3, Bedroom 6, Bedroom 8, Bathroom 2, Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 3, Bathroom 4, Basement, Bathroom 1
- Parking
- 8
- Parking features
- Driveway
- Basement
- Daylight, Walk-Out Access
- Standard status
- Active
- APN
- 801302401210
- Lot size
- 0.50 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Lengthy, on record in office
- Tax Annual Amount
- 2836
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Heating system
- Baseboard
- Cooling system
- Wall Unit(s)
- Water source
- Well
Building Details
- Year built
- 1986
- Number of units
- 4
- Building materials
- Vinyl Siding
- Roof type
- Composition
Listing Agency:
RE/MAX Lakeshore
(616) 396-1400
Listed By:
Tantzi Habsburg · License #6501403918
(616) 215-2404
Added: Apr 17
Changed: Jul 24
Last Checked: Jul 24 at 4:06PM
MLS# 26016170
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Investment Insights
Based on property information with market context.
This four-unit residential income property is fully rented and maintained with many recent updates. Each unit is a 2-bedroom, 1-bath layout, and the building includes a common laundry area. Reported improvements include newer windows and doors, AC units, dishwashers, and a new well installed in 2019.
The property sits on a large 1/2-acre lot that provides tenants privacy and ample parking. It is minutes from Lake Cora and Reynolds Lake public access.
There is also a 20' x 24' two-stall garage on site that could support additional income. The units are described as 4-950 square foot apartments, and the reported income and expenses are based on an 8-month management period.
The property sits on a large 1/2-acre lot that provides tenants privacy and ample parking. It is minutes from Lake Cora and Reynolds Lake public access.
There is also a 20' x 24' two-stall garage on site that could support additional income. The units are described as 4-950 square foot apartments, and the reported income and expenses are based on an 8-month management period.
Key Highlights
- Four‑unit complex built in 1986 with fully rented units
- 2‑bed, 1‑bath units with approximately 950 SF each (4 units total)
- Recent updates include newer windows and doors, AC units, and dishwashers; new well installed in 2019
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fully rented four-unit complex with 2-bed, 1-bath units, common laundry, and recent updates including newer HVAC and appliances.
Where is this quadplex located?
The property is located at 46131 S Lakeshore Drive Lawrence, MI.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Four‑unit complex built in 1986 with fully rented units; 2‑bed, 1‑bath units with approximately 950 SF each (4 units total); Recent updates include newer windows and doors, AC units, and dishwashers; new well installed in 2019
