Listed by Brienna Roberts of Berkshire Hathaway HomeServices Real Estate - BC
Positioned in East Jordan, this turn-key 4-unit townhouse complex built in 2023 offers a high-yield investment with strong existing cash flow and upside potential. Generates $8,700/month with a projected 2026 gross income of $102,400. At the $1,190,000 asking price, this property delivers an attractive 11.62 Gross Rent Multiplier (GRM), outperforming regional market averages for low-maintenance, new-construction multi-family assets. Each unit features high-end finishes, natural gas forced-air heat, central air conditioning, dedicated carports, private rear decks, full appliance packages (new in 2023), and independent utility metering. Three units offer a 3-bedroom, 2.5-bathroom layout with private ensuite bedrooms, while the fourth unit is a 2-bedroom, 2.5-bathroom layout with dual ensuite baths. * **Proven Cash Flow & Stability:** Units 3 and 4 feature long-term, reliable tenants of three years. Other two units have been occupied consistently by different tenants. Units 3 and 4 feature long-term, reliable tenants of three years, while the other two units have been occupied consistently by different tenants. Turn-key options are available, as Unit one and 4 are conveyed fully furnished. For an exit strategy and development upside, the structure was specifically engineered with a 2-hour fire-rated separation wall between units to allow future condo conversion, giving a buyer the option to sell off individual townhomes down the road for maximum capital return. Site plan available upon request. Municipal infrastructure includes a low-maintenance exterior with city water and city sewer service. Seller is a licensed Realtor in the State of Michigan.

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"Based on information submitted to Northern Michigan MLS as of September 8, 2026 7:44 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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