318 Blanche Street, Plymouth, MI 48170
Local realty services provided by:CENTURY 21 Signature Realty
318 Blanche Street,Plymouth, MI 48170
$750,000
- - Beds
- 4 Baths
- 2,200 sq. ft.
- Multi-family
- Active
Listed by: brady williams
Office: greater development llc.
MLS#:20261057040
Source:MI_REALCOMP
Price summary
- Price:$750,000
- Price per sq. ft.:$340.91
About this home
Turnkey 4-unit quadruplex in Plymouth's Historic Old Village, just blocks from downtown Plymouth and Kellogg Park. 100% leased with all four 1BR/1BA units occupied, generating $60,000 in in-place annual gross rent. Recent lease activity shows meaningful embedded rent growth: the longest-tenured resident just renewed at $1,225/mo (up 31% from her prior $935 rent), while a newly signed lease reflects a market-tested $1,325/mo, the highest in the building. Two of the four units remain priced below this level, giving a new owner a clear, low-capex path to mark rents to market as leases turn. Self-managed with a lean ~$13,300 annual operating expense load (taxes, insurance, utilities, repairs/maintenance, landscaping); no management fee has historically been charged. Tenants pay electric; owner covers water, sewer, trash, and natural gas heat. Slab foundation, vinyl exterior, asphalt roof. Ideal for a first-time investor, 1031 exchange buyer, or owner-operator seeking a turnkey income-producing asset in western Wayne County. Buyer/buyer's agent to verify all information....
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Home facts
- Year built:1972
- Listing ID #:20261057040
- Added:7 day(s) ago
- Updated:July 30, 2026 at 10:05 AM
Rooms and interior
- Total bathrooms:4
- Full bathrooms:4
- Living area:2,200 sq. ft.
Heating and cooling
- Heating:Natural Gas, Wall Furnace
Structure and exterior
- Roof:Asphalt
- Year built:1972
- Building area:2,200 sq. ft.
- Lot area:0.15 Acres
- Architectural Style:Common Entry Building
- Construction Materials:Vinyl Siding
- Foundation Description:Slab
- Levels:Two
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$750,000
- Price per sq. ft.:$340.91
- Tax amount:$6,797
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