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Property profile

914 Main St St. Joseph, MI 49085

OFF-MARKET
Apartment buildings
0.21 ac lot Built 1910
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Property summary

AI-generated overview

This exceptional three-unit apartment building, located at 914 Main St in St. Joseph, Michigan, presents a compelling investment opportunity. Built in 1910, this three-story building sits on a 0.21-acre lot and offers a total of six parking spaces, including four in a garage that generate additional income. The property underwent significant renovations in 2020, including the installation of new furnaces, AC units, mini-splits, flooring, and fresh paint throughout. In 2022, the main-level commercial space was transformed into a stunning three-bedroom, two-bathroom residence, complete with a beautifully updated kitchen, new appliances, a private laundry area, new flooring, new lighting, and new front and back decks. All three units are currently occupied. The second and third-floor units each feature two bedrooms and one bathroom. Shared laundry facilities are available in the basement for the upper units, along with ample additional space suitable for various uses. The asking price is $599,900, representing a price per unit of $199,966.67. This property offers a blend of historical charm and modern updates, making it an attractive investment in the desirable St. Joseph, MI market (zip code 49085). Berrien County location.

Property profile

Verified
Property type Apartment buildings
Year built 1910
Lot 0.21 ac (9,148 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Counselor Hypnotherapy Service
  • Gas Company Construction

Location

914 Main St St. Joseph, MI 49085
St. Joseph metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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