$385,000
Lawrence, MI 49064
MLS# 26016170
1 / 42
Property Description
ATTENTION INVESTORS! This four unit complex is fully rented and has many recent updates. Many newer windows and doors, AC Units, dishwashers and a new well in 2019. The location of the large. country 1/2 acre lot gives tenants privacy and lots of parking and is minutes from Lake Cora and Reynolds Lake Public access. 4-950 sq.ft. units, 2 bed, 1 bath each. 20'x24' 2 stall garage could support extra income. Common laundry area. Income and expenses are based on 8 month management period.
Details
Maps
Documents
Location & Property Info
Cross Streets: 46th St and Lakehsore Dr
Property Sub-Type: 2 to 4 Units
Municipality: Lawrence Twp
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 101.32
General Property Info
New Construction: No
Lot Dimensions: 132x164
Road Frontage: 132
Waterfront: No
Basement: Yes
Total # Units: 4
# of Diff Unit Floor Plans: 1
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 3800
Total Parking Spaces: 8
School District: Lawrence
Lot Measurement: Acres
Lot Square Footage: 21780
Lot Acres: 0.5
Year Built: 1986
Tax Info
Taxable Value: 54446
SEV: 60700
For Tax Year: 2025
Seller's Annual Property Tax: 2836
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: NA
Tax ID #: 801302401210
Remarks & Misc
Public Remarks: ATTENTION INVESTORS! This four unit complex is fully rented and has many recent updates. Many newer windows and doors, AC Units, dishwashers and a new well in 2019. The location of the large. country 1/2 acre lot gives tenants privacy and lots of parking and is minutes from Lake Cora and Reynolds Lake Public access. 4-950 sq.ft. units, 2 bed, 1 bath each. 20'x24' 2 stall garage could support extra income. Common laundry area. Income and expenses are based on 8 month management period.
Legal: Lengthy, on record in office
Waterfront Options
Water Access Y/N: No
Income and Expenses
Annual Maintenance: 1029.78
Annual Mgmt. Fees: 3520
Annual Utilities: 1505.97
Gross Op. Inc.: 29005
Net Operating Income: 22190.85
Operating Expense: 6814.15
Street Type
Paved: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
Natural Gas Available: 1
Phone Available: 1
Utilities Attached
Natural Gas Connected: 1
Sewer
Septic Tank: 1
Water
Well: 1
Terms Available
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Mineral Rights
Unknown: 1
Laundry Features
Common Area: 1
Electric Dryer Hookup: 1
In Basement: 1
Exterior Material
Vinyl Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Baseboard: 1
Air Conditioning
Wall Unit(s): 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Driveway
Aggregate: 1
Asphalt: 1
Substructure
Daylight: 1
Walk-Out Access: 1
Extras
Garages: 1
Owner Pays
Gas: 1
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: Lower
SqFt: 950
Occupied: Yes
Monthly Rent: 1150
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
A/C Unit: 1
Deck/Patio: 1
Dishwasher: 1
Range Oven: 1
Refrigerator: 1
Unit 2
Unit Description: Lower
SqFt: 950
Occupied: Yes
Monthly Rent: 1049
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
A/C Unit: 1
Deck/Patio: 1
Dishwasher: 1
Range/Oven: 1
Refrigerator: 1
Unit 3
Unit Description: Upper
SqFt: 950
Occupied: Yes
Monthly Rent: 1081
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
A/C Unit: 1
Deck/Patio: 1
Dishwasher: 1
Refrigerator: 1
Unit 4
Unit Description: Upper
SqFt: 950
Occupied: Yes
Monthly Rent: 1081
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Deck/Patio: 1
Dishwasher: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Van Buren
Street #: 46131
Street Direction: S
Street Name: Lakeshore
Suffix: Drive
State: MI
Zip Code: 49064
OfficeContract Info
Status: Active
Current Price: $385,000
List Price: $385,000
Listing Date: 2026-04-17
Remarks Misc
Directions: FROM M-51 & RED ARROW HIGHWAY GO WEST ON RED ARROW HIGHWAY TO (STAY LEFT) TERRITORIAL TO 46TH ST. TURN LEFT (SOUTH) TO LAKESHORE DRIVE, TURN RIGHT. SECOND HOME ON LEFT.
Property Features
Laundry Features: Common Area; Electric Dryer Hookup; In Basement
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Daylight; Walk-Out Access
Sewer: Septic Tank
Water: Well
Utilities Attached: Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Phone Available
Extras: Garages
Owner Pays: Gas; Sewer; Trash Collection; Water
Tenant Pays: Electric
Heat Source: Natural Gas
Heat Type: Baseboard
Air Conditioning: Wall Unit(s)
Driveway: Aggregate; Asphalt
Street Type: Paved
Mineral Rights: Unknown
Terms Available: Cash; Conventional; FHA; VA Loan
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: A/C Unit; Deck/Patio; Dishwasher; Range Oven; Refrigerator
Unit 2: A/C Unit; Deck/Patio; Dishwasher; Range/Oven; Refrigerator
Unit 3: Range/Oven; A/C Unit; Deck/Patio; Dishwasher; Refrigerator
Unit 4: Deck/Patio; Dishwasher
Seller's Disc 
Listing Office: RE/MAX Lakeshore
Listing Agent: Tantzi Habsburg
Last Updated: April - 17 - 2026
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