346 Roe Street, Plymouth, Michigan 48170

$500,000

Property Details

MLS#: 20261017231
Bedrooms: N/A
Bathrooms: 3
Square Feet: 2,218
Price per Sqft: $225
Lot Size: 0.16 acres
Year Built: 1982
Property Type: ResidentialIncome
Status: Active
Days on Market: 5

Description

The vacant upper unit is available for showings at any time. The two lower tenant occupied units can be viewed during a joint open house on Wednesday, March 25th from 10:00 AM-12:30 PM. Tremendous opportunity to invest in a multifamily property in the heart of downtown Plymouth, located right next to the Plymouth Public Library and just steps from everything downtown has to offer, including the Kellogg’s Park, Penn Theatre, shopping, and a wide variety of restaurants. This property features three units: two lower-level units, each offering two bedrooms and one full bath, and one upper-level unit with one bedroom and one full bath. All units include stainless steel appliances and private, in-unit laundry rooms. The upper unit features a gas range, while the two lower units are equipped with electric ranges. Major updates include brand new windows and a new roof completed in 2024. Kitchens and bathrooms have been updated within the past six years, and the water heater was replaced within the last seven years. The upper unit has been fully remodeled in 2026. The two lower units are currently rented at $1,285 (ends May 2025) and $1,250 (ends June 2025) per month. The upper unit is set to begin a new lease at $1,275 per month starting in April (ends May 2028), bringing total monthly income to $3,810, or $45,720 annually. The net operating income comes in at $34,640. Gas and electric are metered individually and paid by each tenant. A strong investment opportunity in a prime location. Reach out for more details.

Location

This property is located in Plymouth, Michigan. Plymouth is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 346 Roe Street?

346 Roe Street is listed at $500,000, or $225 per square foot.

How many bedrooms does 346 Roe Street have?

This property has N/A bedrooms and 3 bathrooms, with 2,218 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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