Robert Bailey, IV
Refine Search

305 W Elm Street, Mason, MI 48854

$450,000
  • 305 W Elm Street, Mason, MI 48854 Main Photo

67 Total Photos [Click to View All]

New to the Market Active
BEDS0 BATHS MLS#296902
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

Exceptional investment opportunity in the heart of Mason! 305 W Elm Street is a stabilized four-unit multifamily property offering immediate cash flow and long-term upside. Each of the four units features 2 bedrooms and 1 bathroom, providing a highly desirable layout for tenants. Currently generating approximately $4,500 per month in rental income, this property presents a rare value-add opportunity with rents significantly below current market rates, allowing investors the potential to increase revenue over time. Located in the highly sought-after Mason community, tenants enjoy convenient access to downtown Mason, local shopping, dining, parks, and major commuter routes. Whether youre looking to expand your portfolio, complete a 1031 exchange, or enter the multifamily market with a proven performer, this well-maintained asset offers stable occupancy, consistent income, and substantial future growth potential. Dont miss the chance to own a cash-flowing investment in one of Mid-Michigans most desirable rental markets.

305 W Elm Street | MLS# 296902

This multi-family property located at 305 W Elm Street, Mason, MI 48854 is currently listed for sale with an asking price of $450,000. Search Mason real estate on robertbailey.ikeyrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Heating: Radiant Floor
Lot Size: 0.15 Acres
Stories: 2.0
Year Built: 1910

Feature Descriptions

Appliances: Gas Water Heater
Days on Site: 2
Exterior: Vinyl Siding
Exterior Amenities: Private Entrance, Private Yard
Laundry: Common Area, In Basement
Lot: City Lot, Corner Lot
Lot Dimensions: undefined
Parcel #: 33-19-10-08-281-006
Parking: Off Street
Road Frontage: City Street
Sewer: Public Sewer
Units: 4
Water: Public

Listed By / Shown By

Listed By

Agency Name: Home Towne Real Estate

Shown By

Agent Name: Robert Bailey, IV
Agent Phone: (419) 343-7367
Agency Title: Key Realty

IDX logo

Estimate Your Payment

Estimated Payment

$ 2,648.42 per month $2,517.17 Principal & Interest $0.00 Property Tax (data not provided by mls) $131.25 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Login to My Homefinder

Pixel