305 W Elm Street, Mason, MI 48854

Mason
Local realty services provided by:ERA Reardon Realty
305 W Elm Street,Mason, MI 48854
$450,000
  • - Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: mykayla anne fenska
Office: home towne real estate
MLS#:296902
Source:MI_GLAR

Price summary

  • Price:$450,000

About this home

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...

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Home facts

  • Year built:1910
  • Listing ID #:296902
  • Added:5 day(s) ago
  • Updated:June 24, 2026 at 05:05 PM

Rooms and interior

  • Total bathrooms:5
  • Full bathrooms:5
  • Basement Description:Full, Walk-Out Access, Walk-Up Access

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Heating, Radiant Floor

Structure and exterior

  • Year built:1910
  • Lot area:0.15 Acres
  • Lot Features:City Lot, Corner Lot
  • Construction Materials:Vinyl Siding
  • Foundation Description:Block
  • Levels:Two

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$450,000

Features and amenities

  • Appliances:Gas Water Heater
  • Laundry features:Common Area, In Basement

Parking

  • Parking description:Off Street

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