209 Morningside Drive, Leslie, MI 49251

Property Description

Welcome to an exceptional opportunity to own a newly built multi-unit building in a great private location. This property is ideal for investors seeking a high-demand rental property with minimal maintenance and significant value-add potential. Both buildings comprise 4 modern units, each equipped with top-tier amenities to ensure tenant satisfaction and longevity. 209 Morningside sits on a large lot that includes room to build two additional four-unit buildings, significantly enhancing the property's future value. Ample parking is available for tenants and guests, adding to the convenience. Each unit features A/C, granite countertops, vinyl plank floors, large bedrooms, coin-operated washers and dryers, and private decks. These amenities cater to the needs of long-term tenants, ensuring a high retention rate and low vacancies. The property is in high demand, with a waiting list of prospective tenants. Market analysis indicates that rents could be increased by up to 20%, offering substantial income growth potential. Currently half the rents are $980/month and the rest are $1,050/month. Tenants pay all utilities except for water which average $175 per quarter per building. Minutes from the highway, schools and shopping this is a great location for a long term investment. 210 Morningside Dr. also being sold (MLS#281032)