Great investment opportunity! This duplex brings in just over $1,400/month. Landlord pays all utilities. The lower unit features 2 bedrooms and 1 bath. The upper unit has 1 bedroom and 1 bath. There are separate gas meters and 2 hot water heaters. The range/ovens & refrigerators are owned by the landlord. There is a 3-car stall barn and a large private lot.
Closed
$72,500
111 Richmond Rd, Palmer, MI 49871
3beds
1,194sqft
Multi Family
Built in 1930
-- sqft lot
$77,700 Zestimate®
$61/sqft
$1,161 Estimated rent
Home value
$77,700
$64,000 - $94,000
$1,161/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 12, 2024 at 08:57am
Listed by:
FRAN SEVEGNEY 906-869-7465,
RE/MAX 1ST REALTY 906-225-1136
Bought with:
TRAVIS RYAN, 6502432529
FRESHDOOR REAL ESTATE
Source: Upper Peninsula AOR,MLS#: 50110569
Originating MLS: Upper Peninsula Assoc of Realtors
Originating MLS: Upper Peninsula Assoc of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Kitchen
- Features: Eat-in Kitchen
Heating
- Forced Air, Radiant
Cooling
- None
Appliances
- Included: Range/Oven, Refrigerator, Electric Water Heater, Gas Water Heater
Features
- Basement: Full,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 1,194
- Total interior livable area: 1,194 sqft
Property
Parking
- Total spaces: 2
- Parking features: 2 Spaces
Features
- Levels: Two
- Stories: 2
- Waterfront features: None
- Frontage length: 100
Lot
- Size: 7,840 sqft
- Dimensions: 100 x 76 x 104 x 73
- Features: Large Lot - 65+ Ft., Main Street
Details
- Additional structures: Barn(s)
- Parcel number: 521322000600
- Zoning: R1 - Residential
- Zoning description: Residential
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Conventional Frame
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Basement
Condition
- Year built: 1930
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sanitary
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Palmer
- Subdivision: Plat Of Palmer
HOA & financial
Other financial information
- Total actual rent: 1408
Other
Other facts
- Listing terms: Cash,Conventional
- Ownership: Private
Price history
| Date | Event | Price |
|---|---|---|
| 8/12/2024 | Sold | $72,500-13.2%$61/sqft |
Source:  Upper Peninsula AOR #50110569 Report a problem | ||
| 7/15/2024 | Contingent | $83,500$70/sqft |
Source:  RE/MAX of Michigan #50110569 Report a problem | ||
| 6/10/2024 | Listed for sale | $83,500$70/sqft |
Source: Upper Peninsula AOR #50110569 Report a problem | ||
| 5/31/2024 | Listing removed | $83,500$70/sqft |
Source: RE/MAX of Michigan #50110569 Report a problem | ||
| 1/29/2024 | Price change | $83,500+13.6%$70/sqft |
Source: Upper Peninsula AOR #50110569 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $966 +308.1% | $37,900 +17.3% |
| 2023 | $237 -72.3% | $32,300 +30.2% |
| 2022 | $856 +3.3% | $24,800 +5.1% |
Find assessor info on the county website
Neighborhood: 49871
Nearby schools
GreatSchools rating
- 7/10Negaunee Middle SchoolGrades: 5-8Distance: 4.4 mi
- 7/10Negaunee High SchoolGrades: 9-12Distance: 4.7 mi
- 8/10Lakeview SchoolGrades: PK-4Distance: 5.1 mi
Schools provided by the listing agent
- District: Negaunee Public Schools
Source: Upper Peninsula AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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