$249,900
Allen, MI 49227
MLS# 26038619
1 / 51
Property Description
Excellent investment opportunity between Jonesville & Coldwater on US-12 ! This well-maintained four-unit apartment building features three apartments on the main level and one spacious apartment upstairs, offering outstanding income-producing potential. Apartment A has been beautifully renovated '26, while the additional apartments feature comfortable living spaces with unique character and strong rental appeal. Attached garage/storage building. This property presents an exceptional opportunity for investors seeking immediate rental income and long-term appreciation. Seller currently occupies one main-level apartment and will lease it back after closing for $650 per month, with lease-back terms to be negotiated as part of the purchase agreement. Do not view without an appointment with agent.
Details
Maps
Location & Property Info
Cross Streets: Railroad Street
Property Sub-Type: 2 to 4 Units
Municipality: Village of Allen
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 64.08
General Property Info
New Construction: No
Lot Dimensions: Irregular
Financial Available: No
Road Frontage: 77
Waterfront: No
Basement: Yes
Total # Units: 4
# of Diff Unit Floor Plans: 4
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 3900
Total Parking Spaces: 6
School District: Quincy
Association YN: No
Lot Measurement: Acres
Lot Square Footage: 11064
Lot Acres: 0.25
Year Built: 1900
Tax Info
Taxable Value: 27411
SEV: 60800
For Tax Year: 2025
Seller's Annual Property Tax: 1134
Tax Year: 2025
Homestead %: 50
Spec Assessment & Ty: Unknown
Tax ID #: 30-05-075-001-065
Remarks & Misc
Public Remarks: Excellent investment opportunity between Jonesville & Coldwater on US-12 ! This well-maintained four-unit apartment building features three apartments on the main level and one spacious apartment upstairs, offering outstanding income-producing potential. Apartment A has been beautifully renovated '26, while the additional apartments feature comfortable living spaces with unique character and strong rental appeal. Attached garage/storage building. This property presents an exceptional opportunity for investors seeking immediate rental income and long-term appreciation. Seller currently occupies one main-level apartment and will lease it back after closing for $650 per month, with lease-back terms to be negotiated as part of the purchase agreement. Do not view without an appointment with agent.
Legal: Per legal at court house
Lot Description
Level: 1
Sidewalk: 1
Street Type
Paved: 1
Public: 1
Util Avail at Street
Electricity Available: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Septic Tank: 1
Water
Well: 1
Terms Available
Cash: 1
Conventional: 1
Mineral Rights
Unknown: 1
Laundry Features
In Bathroom: 1
Main Level: 1
Exterior Material
Vinyl Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
None: 1
Access Feat
Accessibility Features: No
Tenant Pays
None: 1
Driveway
Gravel: 1
Substructure
Michigan Basement: 1
Partial: 1
Extras
Garages: 1
Owner Pays
Electricity: 1
Gas: 1
Trash Collection: 1
Unit 1
Unit Description: Main Floor Left
SqFt: 650
Occupied: No
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Deck/Patio: 1
Unit 2
Unit Description: Main Floor Right
SqFt: 750
Occupied: Yes
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Deck/Patio: 1
Range/Oven: 1
Refrigerator: 1
W/D Hookup: 1
Washer/Dryer: 1
Unit 3
Unit Description: Main Floor Rear
SqFt: 1100
Occupied: No
Bedrooms: 1100
Bathrooms: 1
Full Baths: 1
Unit 4
Unit Description: Upper Level
SqFt: 1400
Occupied: No
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Possession
Close Of Escrow: 1
See Remarks: 1
Seller Rent Back: 1
Subject To Tenant Rights: 1
Location Property Info
County: Hillsdale
Street #: 118
Street Direction: W
Street Name: Chicago
Suffix: Road
State: MI
Zip Code: 49227
OfficeContract Info
Status: Active
Current Price: $249,900
List Price: $249,900
Listing Date: 2026-07-27
Property Features
Laundry Features: In Bathroom; Main Level
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Michigan Basement; Partial
Lot Description: Level; Sidewalk
Sewer: Septic Tank
Water: Well
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at Street: Electricity Available
Extras: Garages
Owner Pays: Electricity; Gas; Trash Collection
Tenant Pays: None
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: None
Driveway: Gravel
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Possession: Close Of Escrow; See Remarks; Seller Rent Back; Subject To Tenant Rights
Sale Conditions: None
Unit 1: Deck/Patio
Unit 2: Deck/Patio; Range/Oven; Refrigerator; W/D Hookup; Washer/Dryer
Listing Office: Playford Real Estate
Listing Agent: Mary Playford
Last Updated: July - 27 - 2026
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