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$379,000
Est. payment /mo
2,838 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 2,838 sqft
Price per Sqft $133
MLS Listing ID 66026051181
Year Built 1905
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type MultiFamily
Property Description
GREAT Investment opportunity in the booming town of Marshall. This rare opportunity to purchase a FULLY leased 4-unit apartment building generating over $3,700 per month ($44,400 annually) in gross rental income. This approximately 2,800-square-foot property provides immediate cash flow with long-term appreciation potential due to below-market rents in one of Michigan's strongest small multifamily markets, driven by the construction of the Ford BlueOval Plant. In addition, there is also a possibility of a 5TH APARMENT on the 3rd Floor. Owner is also selling 607 W Prospect (3-unit) next door, which opens up possibilities for portfolio buyers to increase their footprint within the same street.
Location
State MI
County Calhoun
Area Area96082Marshall
Rooms
Basement Full
Interior
Heating Hot Water, Natural Gas
Fireplace No
Laundry InBasement
Exterior
Parking Features Concrete
Community Features Sidewalks
Utilities Available CableConnected
View Y/N No
Roof Type Composition
Building
Sewer Public Sewer, Storm Drain
Water Public
New Construction No
Schools
School District Marshall Albion
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Liz Beischer of Five Star Real Estate
NEARBY SCHOOLS & PROPERTIES
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