11151 CLINTON RIVER Road Sterling Heights, MI 48314
2 Beds
3.5 Baths
2,145 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Colonial
Listing Status Active
Purchase Type For Sale
Square Footage 2,145 sqft
Price per Sqft $186
MLS Listing ID 20250031474
Style Colonial
Bedrooms 2
Full Baths 3
Half Baths 1
Originating Board Realcomp II Ltd
Year Built 1960
Annual Tax Amount $5,560
Lot Size 0.690 Acres
Acres 0.69
Lot Dimensions 155.00 x 194.00
Property Sub-Type Colonial
Property Description
SUPERIOR income property with TONS of improvement value, and more still remaining, with incredible instant equity available and a 19.6% cash on cash return. Zoned Class C (Commercial), R-60 (permissible for two family dwellings), maximize this investment as a multi unit residence in a prime time location! Situated on 3/4 of an acre, next to M-59 and major freeways, this completely fenced in property - with a boat gate - is comparable to no other, with all major shopping, travel and commute paths in easily accessible range.
This beautifully wooded property feels like the country, situated in the center of the major community river walk renovation (state and federally funded), with a location that is about to boom, meaning huge returns on investment for any type of investor! Finish this property and generate $63,000 yearly
3,353 SF colonial/split ranch includes six bedrooms, two kitchens, and a partial kitchenette, three and a half baths, three laundry rooms and three separate entrance/exit points. Updated electrical, plumbing, new furnace, 30 year roof, new flooring, high end casement windows, new butcher block countertops and much, much, much more!
Unit #2 is a ranch style that has 3 bedrooms (or two bedrooms and an office), with built in deep shiplap storage cabinets, one bathroom, including a jet whirlpool tub, a full kitchen with cantilevered butcher block for barstool seating, and laundry room with stackable washer and dryer. Unit #1 is a split level ranch and colonial, with three bedrooms, one and a half bathrooms, dining room, and a full workable kitchen and unfinished laundry room.
Downstairs has a fully functional washer and dryer, bathroom sink and toilet (with an unfinished shower), partial kitchenette, access to all panels, meters, and furnace. Ductwork is split for two (or three) zones. Turn your investment into immediate income, or occupy one unit and rent out the other, while you make the finishing touches to this home into your perfect dream!
Location
State MI
County Macomb
Area Sterling Heights
Zoning Multiple
Direction Corner of 19 mile and Clinton River Road
Body of Water Clinton River
Rooms
Basement Partially Finished, Private
Interior
Interior Features 100 Amp Service, Circuit Breakers, ENERGY STAR® Qualified Window(s), Other, Fuses, Laundry Facility
Hot Water Natural Gas
Heating ENERGY STAR® Qualified Furnace Equipment, Forced Air
Cooling Central Air
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Exterior Feature Gutter Guard System, Private Entry, Fenced
Garage Spaces 5.0
Roof Type Composition
Accessibility Accessible Doors, Accessible Entrance, Accessible Kitchen, Accessible Washer/Dryer, Common Area
Porch Patio, Porch
Road Frontage Paved
Garage yes
Building
Foundation Crawl, Basement
Sewer Septic Tank (Existing)
Water Public (Municipal)
Architectural Style Colonial
Level or Stories 3 Story
Structure Type Aluminum,Brick,Brick Veneer
Schools
School District Utica
Others
Pets Allowed Yes
Tax ID 1003454010
Ownership Broker/Agent Owned,Short Sale - No
Assessment Amount $529
Acceptable Financing Assumable (Asm-Lend App), Cash, Conventional, FHA, FHA 203K, USDA Loan (Rural Dev)
Rebuilt Year 2024
Listing Terms Assumable (Asm-Lend App), Cash, Conventional, FHA, FHA 203K, USDA Loan (Rural Dev)
Financing Assumable (Asm-Lend App),Cash,Conventional,FHA,FHA 203K,USDA Loan (Rural Dev)
