$280,000
$315,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
500 River Street Three Rivers, MI 49093
0.48 Acres Lot
Key Details
Sold Price $280,000
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality Three Rivers City
MLS Listing ID 25059338
Sold Date 07/17/26
Year Built 1972
Annual Tax Amount $2,064
Tax Year 2025
Lot Size 0.482 Acres
Acres 0.48
Lot Dimensions 90x150
Property Sub-Type 2 to 4 Units
Source Michigan Regional Information Center (MichRIC)
Property Description
NEW METAL ROOF! Exceptional investment opportunity in the heart of Three Rivers! This well-maintained quadplex offers direct river frontage and a proven track record of 100% occupancy. Each of the four units features 2 bedrooms and 1 full bathroom, providing comfortable and functional living spaces that attract long-term tenants. Currently generating $750 per month per unit, this property delivers consistent cash flow with room for future growth. The building has been well cared for and sits on a peaceful stretch of the river allowing tenants to enjoy scenic views and easy access to downtown amenities, parks, and schools. Whether you're a seasoned investor or just expanding your portfolio, this property is a rare opportunity to own a solid income-producing asset in a desirable Three Rivers location.
Location
State MI
County St. Joseph
Area St. Joseph County - J
Rooms
Basement Slab
Interior
Heating Radiant
Cooling None
Exterior
Parking Features Concrete, Driveway
Utilities Available Electricity Available, Phone Connected, Electricity Connected, Cable Connected
Waterfront Description River
View Y/N No
Roof Type Composition
Street Surface Paved
Total Parking Spaces 5
Building
Sewer Public Sewer
Structure Type Vinyl Siding
New Construction No
Schools
School District Three Rivers
Others
Tax ID 051 230 018 01
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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