305 W Elm Street, Mason, MI 48854
- $400,000
- 5
- BA
- List Price
- $400,000
- Price Change
- ▼ $25,000 1784158830
- Status
- ACTIVE
- MLS#
- 296902
- Acres
- 0.15
- Year Built
- 1910
- Days on Market
- 0
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.
/u.realgeeks.media/kategingery/608ffd245d1f990004970e6d.png)
Additional Information
- Appliances
- Gas Water Heater
- Exterior
- Vinyl Siding
- Basement
- Full, Walk-Out Access, Walk-Up Access
- School District
- Mason
- Heating
- Radiant Floor
- Water
- Public
- Sewer
- Public Sewer
- Terms
- Cash, FHA, VA Loan, Conventional
Mortgage Calculator
Listing courtesy of Listing Agent: Mykayla Anne Fenska (mykayla.hometowne@gmail.com) from Listing Office: Home Towne Real Estate.
©2026, Greater Lansing Association of Realtors. All rights reserved. Information is for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Real estate listings held by brokerage firms other than our company are marked with the BR logo and detailed information about them includes the name of the listing brokers. Data is deemed reliable but is not guaranteed accurate by the GLAR MLS. Information last updated on