111 Richmond Rd, Palmer, MI 49871
FOR SALE

111 Richmond Rd
Palmer, MI 49871

  • 3 Beds
  • 2 Baths
  • 1,194 sqft
  • 3 Beds
  • 2 Baths
  • 1,194 sqft

$83,500

Original price: $73,500
Est. Mortgage $584/mo*

Local Information

map showing home location
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Commute Destination

Description

Great investment opportunity! This duplex brings in just over $1,400/month. Landlord pays all utilities. The lower unit features 2 bedrooms and 1 bath. The upper unit has 1 bedroom and 1 bath. There are separate gas meters and 2 hot water heaters. The range/ovens & refrigerators are owned by the landlord. There is a 3-car stall barn and a large private lot.

Home Highlights

Parking
2 Parking Spaces
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$70
Listed
180+ days ago

Home Details for 111 Richmond Rd

Active Status

MLS Status: Active

Interior Features

Interior Details
Basement: Full,Walk-Out Access,YesNumber of Rooms: 1Types of Rooms: Kitchen
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2
Appliances & Utilities
Appliances: Range/Oven, Refrigerator, Electric Water Heater, Gas Water HeaterRefrigerator
Heating & Cooling
Heating: Forced Air,RadiantNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
No Fireplace
Gas & Electric
Gas: Natural Gas
Levels, Entrance, & Accessibility
Stories: 2Levels: Two

Exterior Features

Exterior Home Features
Other Structures: Barn(s)Foundation: Basement
Parking & Garage
No GarageNo Open ParkingParking Spaces: 2Parking: 2 Spaces
Frontage
Waterfront: NoneRoad Frontage: City/CountyNot on Waterfront
Water & Sewer
Sewer: Public Sanitary
Farm & Range
Frontage Length: 100

Days on Market

Days on Market: 180+

Property Information

Year Built
Year Built: 1930
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Duplex
Building
Construction Materials: Vinyl Siding

Price & Status

Price
List Price: $83,500Price Per Sqft: $70
Status Change & Dates
Possession Timing: Tenants Rights

Location

Direction & Address
City: PalmerCommunity: Plat Of Palmer
School Information
Elementary School District: Negaunee Public SchoolsJr High / Middle School District: Negaunee Public SchoolsHigh School District: Negaunee Public Schools

Agent Information

Listing Agent
Listing ID: 50110569

Building

Building Area
Building Area: 1194 Square Feet

HOA

Association for this Listing: Upper Peninsula Assoc of Realtors

Lot Information

Lot Area: 7840.8 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Conventional

Compensation

Buyer Agency Commission: 3Buyer Agency Commission Type: %Transaction Broker Commission: 3Transaction Broker Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Rental

Rent Includes: Electricity, Gas, WaterLease Term: Month To MonthOwner Pays: Electricity, Gas, Taxes, Water/Sewer

Miscellaneous

BasementMls Number: 50110569
Last check for updates: 1 day ago
Listing courtesy of FRAN SEVEGNEY
RE/MAX 1ST REALTY, (906) 225-1136
Originating MLS: Upper Peninsula Assoc of Realtors
Source: Upper Peninsula AOR, MLS#50110569
Also Listed on RE/MAX of Michigan.

Price History for 111 Richmond Rd

DatePriceEventSource
01/29/2024$83,500PriceChange
Upper Peninsula AOR #50110569
06/20/2023$73,500PendingToActiveUpper Peninsula AOR #50110569
06/09/2023$73,500PendingUpper Peninsula AOR #50110569
05/31/2023$73,500Listed For SaleUpper Peninsula AOR #50110569
01/14/2021ListingRemovedUpper Peninsula AOR
08/10/2020$69,500Listed For SaleAgent Provided

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Property Taxes and Assessment

Year2022
Tax$856
Assessment$54,170
Home facts updated by county records

Comparable Sales for 111 Richmond Rd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.11
Multi-Family Home
$100,000
11/20/23
4
2
1,520
4.50
Multi-Family Home
$135,000
12/20/23
4
2
1,724
4.29
Multi-Family Home
$28,000
10/04/23
6
2
2,544
4.11
Multi-Family Home
$152,000
01/03/24
9
5
3,210
4.54
Multi-Family Home
$159,500
10/06/23
6
2
2,748
4.12
Multi-Family Home
$182,500
01/11/24
11
6
5,630
5.32
Multi-Family Home
$95,000
06/05/23
4
2
1,638
5.24
Multi-Family Home
$90,000
01/19/24
5
2
2,200
5.38
Multi-Family Home
$106,000
08/15/23
4
2
1,700

LGBTQ Local Legal Protections

FRAN SEVEGNEY, RE/MAX 1ST REALTY
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
111 Richmond Rd, Palmer, MI 49871 is a 3 bedroom, 2 bathroom, 1,194 sqft multi-family built in 1930. This property is currently available for sale and was listed by Upper Peninsula AOR on May 31, 2023. The MLS # for this home is MLS# 50110569.