305 W Elm ST, Mason, MI 48854
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305 W Elm ST, Mason, MI 48854
305 W Elm ST, Mason, MI 48854
305 W Elm ST, Mason, MI 48854
305 W Elm ST, Mason, MI 48854
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Neal Sanford

Neal Sanford

+1(517) 202-7230
Listed by Home Towne Real Estate
$ 425,000
Est. payment /mo
Save
Price Dropped by $25K

305 W Elm ST Mason, MI 48854

5 Baths

6,534 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 296902

Year Built 1910

Tax Year 2025

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions undefined

Property Sub-Type Quadruplex

Source Greater Lansing Association of REALTORS®

Property Description

Exceptional investment opportunity in the heart of Mason! 305 W Elm Street is a stabilized four-unit multifamily property offering immediate cash flow and long-term upside. Each of the four units features 2 bedrooms and 1 bathroom, providing a highly desirable layout for tenants. Currently generating approximately $4,500 per month in rental income, this property presents a rare value-add opportunity with rents significantly below current market rates, allowing investors the potential to increase revenue over time. Located in the highly sought-after Mason community, tenants enjoy convenient access to downtown Mason, local shopping, dining, parks, and major commuter routes. Whether you're looking to expand your portfolio, complete a 1031 exchange, or enter the multifamily market with a proven performer, this well-maintained asset offers stable occupancy, consistent income, and substantial future growth potential. Don't miss the chance to own a cash-flowing investment in one of Mid-Michigan's most desirable rental markets.

Location

State MI

County Ingham

Direction W MI 36 to S lansing St to W Lyn St to Elm

Rooms

Basement Full, Walk-Out Access, Walk-Up Access

Interior

Heating Radiant Floor

Cooling Window Unit(s), None

Appliance Gas Water Heater

Laundry Common Area, In Basement

Exterior

Exterior Feature Private Entrance, Private Yard

Parking Features Off Street

View Y/N No

Total Parking Spaces 8

Building

Lot Description City Lot, Corner Lot

Foundation Block

Lot Size Range 0.15

Sewer Public Sewer

Schools

High Schools Mason

School District Mason

Others

Tax ID 33-19-10-08-281-006

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

NEARBY SCHOOLS & PROPERTIES

Neal Sanford

Neal Sanford

Broker Associate

+1(517) 202-7230

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305 W Elm ST