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Sandi Smith

Trillium Real Estate

[email protected] +1(734) 216-6414

$ 375,000

Est. payment -/mo

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643 W Middle Street Chelsea, MI 48118

8,696 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality Chelsea

Subdivision J M Congdons Add

MLS Listing ID 25050083

Year Built 1900

Annual Tax Amount $5,444

Tax Year 2024

Lot Size 8,696 Sqft

Acres 0.2

Lot Dimensions 66X132

Property Sub-Type 2 to 4 Units

Source Michigan Regional Information Center (MichRIC)

Property Description

Welcome to Chelsea, a charming and growing community with small-town appeal and big potential. This well-maintained property features three fully occupied rental units:2-bedroom unit currently renting for $1,170/month-1-bedroom unit currently renting for $1,025/month,Efficiency unit currently renting for $850/month. That's a total of $3,025 in monthly income. The owner pays for water and heat.All tenants are on yearly leases, providing stability and consistency for the next owner. The property has been owned by the same landlord for over 20 years, a testament to its reliability and desirability. Recent updates include a new roof and gutters (2025), with the furnace and water heater just 7 years old.This property offers flexibility: keep the rents steady or adjust to current market rates for even greater returns. Priced at $375,000, it's a great opportunity for an investor looking to grow their portfolio or for someone ready to step into property ownership for the first time.

Location

State MI

County Washtenaw

Area Ann Arbor/Washtenaw - A

Rooms

Basement Michigan Basement

Interior

Heating Forced Air

Cooling None

Fireplaces Number 1

Laundry Common Area, Gas Dryer Hookup, In Basement, Washer Hookup

Exterior

Parking Features Driveway, Gravel

Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected

View Y/N No

Roof Type Other

Street Surface Paved

Total Parking Spaces 4

Building

Lot Description Level, Sidewalk

Sewer Public Sewer

Structure Type Aluminum Siding

New Construction No

Schools

Elementary Schools South Elementary School

Middle Schools Beach Middle School

High Schools Chelsea High School

School District Chelsea

Others

Tax ID 06-06-12-330-009

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Key Realty One LLC