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Three Rivers 49093
246 Fourth Avenue
$40,000
● House - Off Market

246 Fourth Avenue

Three Rivers, MI 49093
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,500 Ft²
$61,501
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

Great investment opportunity! Wonderful two story located in an attractive neighborhood. Lots of character  Older Home With Open Stairway And An Enclosed Three Season Front Porch. This Home Features Nice Size Rooms , A Bay Window And Firplace In The Living Room. Laundry And 200 Amp Service Is In The Basement.  Also has a newer hot water heater. Two car detached garage with workshop area. Backyard is partially fenced. Fireplace has not been used by tenant and should be inspected. Home is currently occupied by long term tenant. Home is being sold AS IS. Seller will do not repairs. This home could be maintained as an income property, updated and sold for a nice profit or lived in, this is a great opportunity.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$30
Property Type
House
Property Taxes
$163
HOA Dues
-
Year Built
1915

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MichRIC MLS #20024348)

Price History

Date / Event Date Event Price
Aug 7, 2020 Sold
Premium
Sold
Jun 26, 2020 Listed by Berkshire Hathaway HomeServices MI $44,900
Listed by Berkshire Hathaway HomeServices MI
Apr 28, 2003 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 801
  • Garage Type: 7
  • Garage Square Area: 384
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,594
  • Building Area: 1,594
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,594
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CITY OF THREE RIVERS
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 24 BLK 60 PORTAGE ADD. CITY OF THREE RIVERS.

Neighborhood

  • School District Name: Three Rivers Community Schools
  • School Tax School District: THREE RIVERS
  • Census Tract: 040400

Zoning

  • Zoning: R

Geography

  • District: 051
  • Parcel: 051-445-093-00
  • Block: 60
  • Lot: 24
  • Municipality: THREE RIVERS CITY
  • Latitude: 41.9458
  • Longitude: -85.6254

    Address

  • Full Address: 246 4th Ave
  • Address - House Number: 246
  • Address - Street Name: 4th
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Three Rivers
  • Carrier Code: C004
  • 4-Digit Zip Code: 1509
  • Zip Code: 49093

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $182,094

    Appraisal Valuation

  • Standard Deviation: 0.359
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 28
  • Final Value: 97,015
  • High Value: 131,844
  • Low Value: 62,185

    Market Valuation

  • Market Total Value: $94,000
  • Market Land Value: $5,000
  • Market Improvement Value: $89,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $47,000
  • Assessed Land Value: $2,500
  • Assessed Improvements Value: $44,500

    Sales

  • Current Sale Contract Date: Aug 03, 2020
  • Current Sale Recording Date: Aug 07, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020004266
  • Previous Sale Recording Date: Apr 28, 2003
  • Previous Sale Contract Date: Apr 28, 2003
  • Previous Sale Amount: $73,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Three Rivers

Stats & Trends

Median Asking:

$184,900

Sale Price/ft²

$134

Below Asking

0.02%

Average Days on Market

65

Average Home Size

1941 ft²

Average Home Age

62.4 years

Currently For Sale

28 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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MichRIC

Listed by: Christopher T Tolmacs, Berkshire Hathaway HomeServices MI
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 20024348
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 246 4th Avenue built and last sold?
The property at 246 4th Avenue was built in 1915 and last sold on Aug 3, 2020 for $40,000.
How much is this home worth?
The estimated value of the home located at 246 4th Avenue is $52,733.
What are some comparable homes to 246 4th Avenue?
There are currently no comparable homes to 246 4th Avenue.
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