643 W Middle Street

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Welcome to Chelsea, a charming and growing community with small-town appeal and big potential. This well-maintained property features three fully occupied rental units:2-bedroom unit currently renting for $1,170/month-1-bedroom unit currently renting for $1,025/month,Efficiency unit currently renting for $850/month. That's a total of $3,025 in monthly income. The owner pays for water and heat.All tenants are on yearly leases, providing stability and consistency for the next owner. The property has been owned by the same landlord for over 20 years, a testament to its reliability and desirability. Recent updates include a new roof and gutters (2025), with the furnace and water heater just 7 years old.This property offers flexibility: keep the rents steady or adjust to current market rates for even greater returns. Priced at $375,000, it's a great opportunity for an investor looking to grow their portfolio or for someone ready to step into property ownership for the first time.

Property Information

Property Details

Location

Address

643 W Middle Street

County

Washtenaw

City

Chelsea

Zip Code

48118

Subdivision

J M Congdons Add

School District

Chelsea

MLS Area

Ann Arbor/Washtenaw - A

Interior Features

Other Rooms

Laundry Features

Common Area, Gas Dryer Hookup, Washer Hookup, In Basement

Building

Building Information

Year Built

1900

Construction

Aluminum Siding

Roof

Other

Property Taxes

Tax Annual Amount

$5,444

Tax Year

2024

643 W Middle Street, Chelsea, MI 48118

Market Report for 48118