5469 Parker Road
Fort Gratiot, MI 48059
Single Family Residence · MLS # 58050213867 · Listing courtesy of KW Platinum Port Huron
About this home
Fantastic investment opportunity in desirable Fort Gratiot! This well-maintained 3-unit property is located just one block from the water, offering an attractive location for both tenants and owner-occupants. Two units are currently generating income, with one rented for $950/month and the studio unit rented for $700/month. The third unit is vacant, providing flexibility for the next owner-move in and enjoy owner-occupied living while collecting rental income, or lease the vacant unit to maximize cash flow. Whether you're looking to expand your investment portfolio or purchase a multi-family property with the option to live on-site, this versatile property offers excellent potential in a sought-after location close to the shoreline, parks, shopping, and everyday amenities.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Fort Gratiot
Over the last 90 days, 38 homes sold in Fort Gratiot for a median of $297,500, about $159 per square foot, and the typical one went under contract in 16 days. This home is listed at $179,000, or $95 per square foot, 40% below the city median, and has been on the market 21 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Fort Gratiot sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $2,572 a year. A buyer who lives here would pay about $2,875 a year once the taxable value resets after the sale, at the 2025 homestead rate of 31.80 mills for Fort Gratiot Twp and Port Huron schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Fort Gratiot
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