Rodney Gammon
BEDS0
BATHS4 full
SQUARE FEET3,794
MLS#20261025923
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONS/P # 01 Memphis
SCHOOLMemphis
Property Description
Great investment opportunity to own a fourplex with strong income potential! This fourplex features two 2-bedroom units and two 1-bedroom units, with two units currently occupied—one renting for $950/month (lower 2 bedroom) and one for $750/month (upper 1 bedroom), both with recently renewed leases. Projected total rental income is approximately $3,400 per month when fully occupied. Each unit is separately metered for electricity, with tenants paying their own utilities, and water is included in rent. Upstairs units offer private balconies, adding tenant appeal. There is a basement with laundry hookups available, along with a rear parking area for tenants. Roof is new (2025) and new gutters (2025). An additional lot behind the parking area provides the opportunity to split and sell or build another home, offering added value and future upside to buyers!
Property Features
Property Type: Multi Unit - Multiple
Basement: Unfinished
Cooling: Ceiling Fan(s)
Fuel Type: Natural Gas
Heating: Forced Air
Home Style: Colonial
Lot Size: 0.51 Acres
Year Built: 1892
Feature Descriptions
Architecture: Colonial
Days on Site: 1
Exterior: Vinyl
Foundation: Michigan Basement
Frontage Feet: 74
Lot Dimensions: 0.51 Acre(s)
Road Frontage: Paved
Summer Tax: $4905.0000
Water Heater: Electric
Winter Tax: $434.0000
Local Schools
School District: Memphis
Listed By / Shown By
Listed By
Agency Name: Brookstone, Realtors LLC
Agency Phone: (248) 963-0505
Shown By
Agent Name: Rodney Gammon
Agent Phone: Cell: (248) 636-1010
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 1,765.03 per month $1,677.56 Principal & Interest $0.00 Property Tax (data not provided by mls) $87.47 Homeowner's InsuranceChange Payment Information
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80619 Main Street | MLS# 20261025923
This multi-family property located at 80619 Main Street, Memphis, MI 48041 is currently listed for sale with an asking price of $299,900. Main Street is located within the Memphis school district. Search Memphis real estate on rodneygammon.ikeyrealty.com today.