Listing provided courtesy of Glassman Real Estate- MLS# 26031712MLS ProviderSource MLS Verified

4737 Territorial RoadBenton Harbor, MI 49022

Multi-Family · 0.26 Acres
$350,000 Active

4737 Territorial Road Overview

Time on Site:
4 days
Visits:
0

Turn-key investment opportunity in the heart of Millburg! This fully renovated four-unit property has undergone a down-to-the-studs transformation, including new insulation, windows, roof, updated electrical, updated plumbing, water heaters, kitchens, flooring, and more. With the major improvements already completed, this property is ready for its next owner to start leasing immediately. The building features two main-floor apartments and two upper-level apartments, including a studio-style unit with its own private exterior entrance. Each unit includes a refrigerator, stove, updated finishes, separate 100-amp electrical service, and its own water heater. The basement has been meticulously organized and labeled, making maintenance and management simple and efficient. Adding even more value, the property includes a large workshop/storage area with potential for additional income opportunities, such as a fifth unit (subject to approvals), shared laundry facility, or tenant storage space. Situated on a corner lot with a generous side yard and dedicated parking, this property offers flexibility and strong income potential. With only exterior siding left to complete, the hard work has already been done--now it's time to lease and collect rents!

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4737 Territorial Road Facts & Features

  • Type Multi-Family
  • Lot 0.26 Acres

Details

General

Building Information

  • New Construction: No
  • Year Built: 1920

Location/Region

  • County Or Parish: Berrien

Rent/Lease Information

  • Tenant Pays: Electric

Tax Information

  • Tax Annual Amount: 1738.4

General Information

  • Parcel Number: 11-03-5020-0037-00-2
  • Property Sub Type: 2 to 4 Units
  • Property Type: Multi Family

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Laundry Features: None

Exterior

Lot Information

  • Lot Features: Corner Lot
  • Lot Size Acres: 0.26
  • Lot Size Area: 0.26
  • Lot Size Dimensions: 74 x 155
  • Lot Size Square Feet: 11536.0
  • Lot Size Units: Acres
  • Road Surface Type: Paved
  • Water Source: Well

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Other

General Information

  • Number Of Units Total: 4
  • Sewer: Septic Tank
  • Utilities: Natural Gas Available,Electricity Available,Electricity Connected

4737 Territorial Road Neighborhood

Community

49022 (BENTON HARBOR) Demographics

37
Median Age
430
Population Density (per sq. mile)
21%
College Educated
$32,299
Estimated Median Income
7,639
Estimated Total Home Owners
5,721
Estimated Total Renters
57% / 43%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

4737 Territorial Road Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4737 Territorial Road Market Data

Based on the last 30 days in this zip code

$313,448
Average List Price
$201
Average Price per Square Foot
20
Properties Sold
101
Average Days on Market
187
Properties for Sale
Calculations provided by Reliance Network