#20250015808, Andrew F Colburn, Listing Office: The Drew Colburn Real Estate Group
286 N Gratiot Ave Mount Clemens, MI 48043
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
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
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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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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.
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.
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.