About 643 W Middle Street
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.
Features of 643 W Middle Street
| MLS® # | 81025050083 |
|---|---|
| Price | $375,000 |
| Bathrooms | 0.00 |
| Acres | 0.20 |
| Year Built | 1900 |
| Type | Multifamily |
| Status | Active |
Community Information
| Address | 643 W Middle Street |
|---|---|
| Area | 04062 - Chelsea |
| Subdivision | J M CONGDONS ADD |
| City | Chelsea city |
| County | Washtenaw |
| State | Michigan |
| Zip Code | 48118 |
Amenities
| Utilities | Phone Available, Phone Connected, Sewer Connected |
|---|---|
| Parking | Gravel |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Fireplace | No |
Exterior
| Lot Description | Level |
|---|---|
| Construction | Aluminum Siding |
| Foundation | Michigan Basement |
School Information
| District | Chelsea |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Key Realty One LLC |
|---|---|
| Contact Info | gpearson8852@gmail.com |