9
See all 9 photos
$3,150,000
Est. payment /mo
2 Beds
1 Bath
900 SqFt
New
61 Madison Avenue Clawson, MI 48017-1904
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 900 sqft
Price per Sqft $3,500
Subdivision Mi
MLS Listing ID 50212565
Style 1 Story
Bedrooms 2
Full Baths 1
Year Built 1958
Annual Tax Amount $5,576
Tax Year 2025
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 42x114x42x114
Property Sub-Type Multi-Family
Property Description
This property is being offered as a 19 unit single family rental portfolio across Southeast Michigan, sold together as one transaction. It is a turnkey package for an investor who wants real scale on day one instead of piecing it together one house at a time. All 19 homes are occupied and producing, with $343,380 in gross annual rent already in place and professional management running the day to day. The homes are spread across 11 established metro Detroit suburbs in Macomb, Oakland, and Wayne counties, so the income sits across a wide footprint instead of riding on one neighborhood. The mix is mostly three bedroom single family homes, with several four bedroom and multi bath homes in the group. Many of the homes have been renovated, with a handful fully redone in 2024 and 2025. 15 of the 19 homes are on month to month leases, which gives a new owner room to move below market rents toward market on a normal turn and renewal cycle. Tenants cover their own utilities. A full Offering Memorandum with verified financials, the rent roll, taxes, insurance, and full expense detail is available as a private document to qualified buyers under NDA. The 19 homes included in this offering: 22700 Arcadia, St. Clair Shores 61 Madison, Clawson 164 and 160 W Muir, Hazel Park 26135 Groveland, Madison Heights 26096 Delton, Madison Heights 21751 Bournemouth, Harper Woods 19537 E 12 Mile, Roseville 22020 Dante, Oak Park 21925 Elroy, Warren 12739 Sherman, Warren 11043 Hupp, Warren 15687 Ash, Eastpointe 22020 Sunset, Oak Park 32325 Parkwood, Westland 23021 Almond, Eastpointe 20237 Midway, Southfield 20640 Westhaven, Southfield 22456 Gascony, Eastpointe 34000 Fernwood, Westland Request the private Offering Memorandum and schedule your portfolio review today before someone else does. *Property is occupied please do not approach*
Location
State MI
County Oakland
Area Clawson (63201)
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Detached Garage
Garage Spaces 1.0
Building
Story 1 Story
Foundation Slab
Water Public Water
Schools
School District Clawson City School District
Others
Ownership LLC
SqFt Source Public Records
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by EXP Realty
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