MI > Lapeer > Lapeer > 47 Pope Street

Sold

47 Pope Street Map / directions

Lapeer, MI

48446 Market info

  • 6 Units
  • 3,425 SqFt
  • MLS# 20221041030
  • Photos
  • Map
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248-304-6700

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248-208-3883

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Investor Special! This 6-bed and 6-bath apartment building is near downtown Lapeer. With all 6 units have been renovated in the last two years. Included in the photos are some of the interior photos, the units all look relatively similar.  All units have separate Gas and Electric, with their own furnaces as well. Tenants pay their own utilities except for unit 6. • Current monthly rent $4,575 ($54,900 annually). Rent increases start in October. • Gas and Electric are separated with tenants paying their own. Except unit 6 owner pays. • Owner pays water and trash • Fully occupied • All units renovated in the last 2 years Renovations: Include swapping out older furnaces, hot water tanks, flooring, paint, new light fixtures, painting the cabinets and new countertops and updating appliances as needed.  Upside Potential of this deal: Lapeer is a growing city, with very little to no inventory for rentals. Looking at comparable rents in the area rents could increase $100-$200/month per unit. Financials: The 2021 P&L has higher expenses due to the renovations of the units.  Future Capx: Furnaces have been swapped out as they have failed. Leaving 1 that is older. The roof might have +/-10 years of life left. Property Information: Living Area SF: 3,500 +  Bedrooms: 6 Bathrooms: 6.0 Basement Sqft: Unfinished basement/Crawl space Year Built: 1860 Architecture Level: 2 stories (6 units) Heating: Forced Air Heat Fuel: Natural Gas

Property Information

Status
Sold 
Address
47 Pope Street 
City
Lapeer 
Zip
48446 
Year Built
1860 
Style
Farmhouse 
Possession
At Close 
Architecture
2 Story 
Listing Date
09/13/2022 
Subdivision
City Of Lapeer R Original Plat 
County
Lapeer 
Above Grade SqFt
3,425 
Total No of Units

School Information

School District
Lapeer 

Taxes

Summer Taxes
$2,208 
Winter Taxes
$2,988 

Rooms and Land

Lot Dimensions
60.00 x 120.00 
Total Acres
0.3 

Features

Style
Farmhouse 
Basement
Unfinished 
Cooling
Window Unit(s) 
Heating
Forced Air, Natural Gas 

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years
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  • Property History
  • Schools Information
  • Local Business
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
20221041030 Sold Pending Apr 19 2023 3:06PM $410,000 140
20221041030 Pending Active Feb 15 2023 3:36PM 140
20221041030 Active Pending Oct 10 2022 1:39PM 140
20221041030 Pending Active Sep 25 2022 7:05PM 140
20221041030 Active Sep 13 2022 10:05AM $419,000 140
2210006417 Withdrawn Active Apr 9 2021 2:47PM 80
2210006417 Active Pending Mar 2 2021 8:37PM 80
2210006417 Pending Active Feb 15 2021 9:06AM 80
2210000477 Withdrawn Active Jan 29 2021 4:08PM 25
2210000477 Active Jan 4 2021 1:44PM $425,000 25
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

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Listing Courtesy of 3dx Real Estate-Brighton
(888) 304-1447
Office Address 421 Mill Pond

47 Pope Street Lapeer
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$419,000
Sold • No. of Units: 6