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Jenn Smart

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11472 E Lippincott , Davison, MI 48423
$325,000
Est. Payment: $1,693.62/mo
0 Bed
3 Bath
2885 Sqft
Status: active | Days on site: 88
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Rare opportunity to own a well-maintained 3-unit multifamily property situated on 5 beautiful acres in Davison! All three units offer 2 bedrooms and 1 full bath, making this a fantastic investment or owner-occupant opportunity. The current owner occupies the spacious lower/main unit, which features a full basement, enclosed front porch, large deck, and 2-car garage. The upper unit offers a very similar floor plan with its own separate entrance, while the back unit features a charming Cape Cod-style layout with a private back patio. Major updates have already been completed, including brand new furnaces, central A/C units, water heaters, and a new roof for added peace of mind. New flooring installed in the main unit and the back unit, along with new drywall and insulation improvements in the back unit. $10,000 worth of new doors have been ordered and will be installed near the end of July. There is also a dedicated laundry room area below the stairs to the upper unit that was created for the upper and back units and just needs finishing touches. Excellent income potential with all units separately metered. The upper unit is currently leased through November at $800/month, and the tenant would love to stay long term (and is aware of potential rent adjustments). Back unit is currently leased until June 2027, at $900/month. You can move in today and have your monthly mortgage paid for with the other two units income. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this property offers incredible flexibility, updates, and long-term value! There is also amazing opportunity to add even more value to this property with some minor interior updating. With all big ticket items being brand new, this property is a gem! The best part is that this home appraised (2025) over list price! Jump on this one today and start making tomorrow!

Highlights

Listed by Jason White , 810-223-1780 EXP Realty - Fenton , 269-600-4397. MiRealSource, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
5

Year Built

1945

County

Genesee

Area

Davison Twp (25004)

School District

Davison Community Schools

Listing ID

60990451

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:3
  • Full Bathrooms:3
Air Cond:Central A/C
Fireplaces:
Above Ground Sq Ft:2885
Basement:Block,Partially Finished
Water:Private Well

Exterior Features

Lot Dimensions:363 x 594
Zoning:Residential
Others:
  • Additional:Deck, Patio, Porch
Sewer:Septic
Principal Interest
$1,694
Taxes
$398

Home Price

$325,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$65,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,693.62

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,693.62 $398.17 $0.00 $2,091.79
Yearly $20,323.44 $4,778.00 $0.00 $25,101.44
Total $609,703.27 $143,340.00 $0.00 $753,043.27
Lender profile image
So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Davison, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-02T04:57:55.100Z

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