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415 W State, 
Corunna, MI 48817

$159,900


Bed


3

Baths


-

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Abdul Abro

Real Estate For A Cause

810-344-7275

Last updated:

April 20, 2026, 05:41 PM

MLS#

60984542

Source:

MI REALSOURCE

About This Home

415 W State

Turnkey income-producing triplex in Corunna, Michigan - generating $22,620 in annual rental income with all 3 units currently leased. This well-maintained 1910 property features a diverse unit mix: a 3-bedroom (1,100 sq ft, $685/mo), a 2-bedroom (920 sq ft, $775/mo), and a studio (250 sq ft, $425/mo), creating multiple income streams and broad tenant appeal. At a list price of $159,900 and a net operating income of $16,979, this property delivers a cap rate of approximately 10.6% - well above typical market benchmarks and an outstanding return for the price point. Situated on a spacious 0.32-acre lot (102x145), the 3,318 sq ft building includes an unfinished basement with upside potential, natural gas forced air heating with separate meters, deck and porch, public water and sewer, asphalt roof, and assigned parking. Priced at just $70.50/sq ft with immediate cash flow in place - this is a straightforward addition to any investment portfolio. By appointment only.

Home Facts

Multi-Family

3 Baths

Built in 1910

Price Summary

159,900

MLS #:

60984542

Last Updated:

April 20, 2026, 05:41 PM

Added:

5 day(s) ago


Rooms & Interior

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3


Structure

Structure

Year Built:

1910


Lot

Lot Size (Sq. Ft):

13,939


Finances & Disclosures

Finances

Price:

$159,900

Source:MI REALSOURCE
The information being provided by Michigan Mls/Mirealsource is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Michigan Mls/Mirealsource All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.