$350,000

286 N Gratiot Ave Mount Clemens, MI 48043

$4,156
Closing credit¹
5 full
3,726 sqft
0.1 acres
$94 / sqft
Multi-Family

Property details

About 286 N Gratiot Ave

Welcome to the fantastic investment opportunity of a 5-unit apartment building in the highly sought-after location of Mount Clemens! SOLD AS IS, this property is conveniently located close to downtown Mount Clemens providing easy access to shopping, entertainment venues and all the amenities the area has to offer. Perfectly positioned on major bus routes, this apartment building ensures hassle-free transportation for tenants, making it an attractive option for both working professionals and individuals seeking convenience. Additionally, two of the units have been thoughtfully designed to be handicapped accessible, ensuring inclusivity and expanding the potential tenant pool. Ample on-site parking is available, ensuring tenants can comfortably park their vehicles without any concerns. The property boasts several recent upgrades, including new windows, a new driveway, new HVAC system, and a new roof, ensuring peace of mind for the new owner. While the units require completion, this presents an excellent opportunity for customization and value addition. Whether you choose to complete the units for immediate occupancy or to optimize the property's rental potential, there is enormous potential to capitalize on this investment. To make the purchase even more attractive, land contract terms are available, providing flexibility and ease of financing. Don't miss out on this incredible chance to acquire a 5-unit apartment building with great location benefits, recent upgrades, and unlimited potential! BTVSF

Highlights

Home typeMulti Family
HeatingNatural Gas, Forced Air, Separate Meters
StatusActive
CoolingCentral Air
Size3,726 sqft
BasementYes
Lot size0.13 Acres
Year built1940
MLS #20230052634

Summary

  • Full Bathrooms: 5
  • Basement: Yes
  • Private Pool: No
  • Architectural Style: Colonial
  • Heating: Natural Gas, Forced Air, Separate Meters
  • Cooling: Central Air
  • List Price: $350,000
  • Price/SqFt: $93
  • Directions: Cass Ave to Northbound Gratiot
  • Year Built: 1940
  • Stories: 2
  • Living Area: 3,726 SqFt
  • Lot Size: 0.13 Acres
  • MLS Number: 20230052634
  • MLS Name: Realcomp II Ltd
  • Office Name: Coldwell Banker Realty-GPF
  • Office Phone: (313) 886-4200
  • Listing Agent: Carmen Ozuna

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/7/2025, 6:00:38 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$350,000

286 N Gratiot Ave

$4,156

closing credit¹

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0.5% sale price²

Price information

Property sales

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Tax history

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Nearby schools

6

Mt Clemens Montessori Academy

Public Charter PK-5

1.8 mi

1070 Hampton Rd

6

Atwood Elementary School

Public District KG-5

1.9 mi

45690 North Ave

6

South River Elementary School

Public Magnet PK-5

2.2 mi

27733 S River Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $21,276. The majority of Mount Clemens, MI residents have income less than $<35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

How much money do the neighbors make?

63%
<35k
29%
35k-100k
8%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

48%
Single, No Kids
37%
Single, with Kids
8%
Married, No Kids
7%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

25%
<11 yrs old
8%
12-17 yrs old
29%
18-34 yrs old
29%
35-64 yrs old
9%
65+ yrs old

What do the neighbors do for fun?

  • UFCUFC
  • Figure SkatingFigure Skating
  • Pro BoxingPro Boxing

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • BurlingtonBurlington
  • Forever 21Forever 21

Where do the neighbors go to eat?

  • Burger KingBurger King
  • Church's ChickenChurch's Chicken
  • PopeyesPopeyes

What do the neighbors drive?

  • BuickBuick
  • CadillacCadillac
  • DodgeDodge

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • JazzJazz
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 286 N Gratiot Ave in Mount Clemens, MI and zip code 48036. This 3,726 square foot home, which was built in 1940, sits on a 0.13 acre lot. Features: 5 bathrooms. It has been listed on Rocket Homes since July 6, 2023 and is currently priced at $350,000.

Mount Clemens, MI housing market in April 2025 saw over 2 listings sold above listed price, more than 5 sold at listed price and over 9 sold below. Between March and April 2025, Mount Clemens, MI real estate market has seen decrease in the number of listings by 1.8%. In April 2025 median list price was $185,000 and the average listing age was 15 days.

From Rocket Homes Real Estate and based on county public records data.

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