5550 MAIN Street Active Save Request In-Person Tour Request Virtual Tour
Dryden,MI 48428
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Dryden Vlg
MLS Listing ID 20240080658
Year Built 1850
Annual Tax Amount $5,974
Lot Size 9,583 Sqft
Property Description
Welcome to 5550 Main Street, one of Dryden's longest standing and tallest structures. Built in 1850 for the Lamb family, one of the founding families of Dryden, and its first village supervisor. This impressive property has a large custom designed heavily detailed first and second floor foyer with 11 foot ceilings in the entrance showcasing the ornate woodwork. With very little to no inventory for rentals, the demand continues to remain strong. This property has been easily rented. Units #2 and #4 are one bedroom units, unit #3 is a two bedroom unit, and unit #1 is currently being used as a two bedroom unit. There have been many updates made over the years, the newest include a new roof (December 2023), 2 refrigerators (2023), 2 hot water heaters (2022 & 2023), front porch work (2023), new doors (apartments 3 & 4 2023), new heater (apartment 4 2023) and cement work on side and rear porches (2022). Seller is currently having the exterior painted. Apartment 1 has new flooring, doors, window, and has been freshly painted. Apartment 3 has been completely updated. Rents are as follows: Apartment 1: $850.00 Apartment 2: $700.00 Apartment 3: $795.00 Apartment 4: $750.00. All tenants are on a month to month lease. Please note SATURDAY SHOWINGS ONLY.
Location
State MI
County Lapeer
Area Lapeer County - 30
Zoning Multi-Family
Interior
Heating Forced Air
Cooling Window Unit(s)
Exterior
Amenities Available Pets Allowed
Waterfront No
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick,Other
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional