ATTENTION INVESTORS - RENOVATED QUAD INCOME PROPERTY located in the heart of Tecumseh! Solid all brick ranch features 4 - 2 bedroom, 1 bath, 600 sf units, each with a private full basement providing ample living space. Each unit has been remodeled; new kitchen cabinets and counter tops, new full bath, all new flooring and fresh paint. There is private parking in the rear; 2 parking spaces per unit. Each unit has private access, front door and rear door. Private laundry in the basement of each unit; tenant to provide washer and dryer. Walk to the ER (great rental location for ER employees), and all that downtown Tecumseh has to offer! Close proximity to Ann Arbor and US-23. Current rent $600/mo per unit, but negotiable with new leases. Great investment - solid ranch with curb appeal and prime location. Don't miss this rare investment opportunity! 6% cap rate includes 8% property management fee. NOI $13,900. Manage this property on your own and increase your cap rate to 7%.
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A small city in Lenawee County, Tecumseh was one of the first settlements in Michigan territory. Today, Tecumseh, Michigan is a vibrant community located 25 miles southwest of Ann Arbor, 60 miles southwest of Detroit and 45 miles northwest of Toledo, Ohio. In 2009 Tecumseh ranked #93 in CNNMoney.com’s 100 best small towns to live in.
Tecumseh is home to more than 8,700 residents and 275 innovative businesses. Downtown Tecumseh features a mix of specialty shops, professional services, boutiques, and dining options housed in beautiful historic buildings. In addition, Tecumseh is home to manufacturing and industrial firms.
The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange ("IDX") program of Ann Arbor Area Board of Realtors®. Real estate listings held by brokers other than Reinhart Realtors are marked with the IDX Logo. All information is subject to change and should be independently verified.