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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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4737 Territorial Rd , Benton Harbor, MI 49022
$325,000
Est. Payment: $722.22/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 29
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House Description

Turn-key investment opportunity in the heart of Millburg! This fully renovated four-unit property has undergone a down-to-the-studs transformation, including new insulation, windows, roof, updated electrical, updated plumbing, water heaters, kitchens, flooring, and more. With the major improvements already completed, this property is ready for its next owner to start leasing immediately. The building features two main-floor apartments and two upper-level apartments, including a studio-style unit with its own private exterior entrance. Each unit includes a refrigerator, stove, updated finishes, separate 100-amp electrical service, and its own water heater. The basement has been meticulously organized and labeled, making maintenance and management simple and efficient. Adding even more value, the property includes a large workshop/storage area with potential for additional income opportunities, such as a fifth unit (subject to approvals), shared laundry facility, or tenant storage space. Situated on a corner lot with a generous side yard and dedicated parking, this property offers flexibility and strong income potential. With only exterior siding left to complete, the hard work has already been done--now it's time to lease and collect rents!

Highlights

Listed by Anna Glassman , 269-757-6057 Glassman Real Estate , 269-461-6271.

Property Type

Multi-Family

Lot/Acreage
0.26

Year Built

1920

County

Berrien

School District

Benton Harbor

Listing ID

26031712

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Window Unit(s)
Fireplaces:
Basement:Michigan Basement,Partial
Water:Well

Exterior Features

Lot:Corner Lot
Garage Capacity:5
Sewer:Septic Tank
Principal Interest
$722
Taxes
$145

Home Price

$325,000

Loan Details

30 yrs
%

Down Payment

20%
$65,000
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Monthly Price:
$722.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $722.22 $144.87 $0.00 $867.09
Yearly $8,666.67 $1,738.40 $0.00 $10,405.07
Total $260,000.00 $52,152.00 $0.00 $312,152.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Benton Harbor, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.