About This Home

This 7-bedroom, 2-bathroom residential multi family at 1298 Colfax Avenue in Benton Harbor, MI is listed for $249,900. Built in 1887, on a 1.69 acres lot.

Key Features

  • Built in 1887
  • 1.69 acre lot
  • 8 parking spaces

Property Details

3 full, 1 half
8 spaces
1887
Listing Description

Exceptional investment opportunity with multiple income streams and significant upside potential! This unique property features two separate rental buildings on one parcel. The front building includes two 2-BR, 1-bath apts, with the upper unit currently leased at $900/mo and the lower unit vacant, offering the flexibility to generate additional rental income immediately or occupy the unit yourself.

The rear building features multiple bedrooms, 1.5 baths, kitchen & laundry, creating additional income possibilities. Numerous capital improvements have already been completed, including exterior updates & partial roof replacement on the front building, a brand-new roof and updated electrical, furnace, and exterior repairs to the rear building, new sewer line to the street, updated kitchen and bathroom in the upper apartment.

Whether you're looking to expand your investment portfolio or capitalize on a property with strong cash-flow potential, this is an opportunity you don't want to miss!

Monthly Cost Estimate

$1,337/mo

20% down · 6.5% · 30 years

Principal$181
Interest$1,083
Insurance$73

Estimates only. Actual payments may vary.

Location

1298 Colfax Avenue

Benton Harbor, MI 49022

Property Details

Construction

Brick Wood Siding

Heating

Forced Air

Questions & Answers

This 7-bedroom, 2-bathroom residential multi family at 1298 Colfax Avenue is listed at $249,900. The estimated monthly payment is $1,337 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1887, 1.69 acre lot, 8 parking spaces.

This property is listed by Van Homes Team.

VT

Van Homes Team

Agent at eXp Realty

Listed by eXp Realty · Broker phone: 888-501-7085 · View on Broker Site

MLS# 26041256· Source: Michigan Regional Information Center, LLC.· 82 days on PropertySimple

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1298 Colfax Avenue, Benton Harbor, MI 49022

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