**All offers due by July 28th at Noon with a response by next day** Check out this investment opportunity in the city of Negaunee!! Five units and always rented. Long term tenants with yearly leases. Four of the five units have 2 bedrooms, living room, eat in kitchen and 1 bath. Laundry hook-ups in these units. Tenants pay their own utilities (electric heat and water/sewer). Unit 5 faces the street and is a one bedroom, 1 bath (new) efficiency apartment with open kitchen (with pantry) and living area. Ample closet space in each unit. Units 1-4 are all identical layouts. Huge full basement has drive in garage space and So Much storage space! Large lot provides lots of parking on one side and a sprawling lawn for tenant activities on the other. No smoking and no pets have been enforced inside the building/units. Vinyl windows, exterior doors and roof have all been updated in the last 10 years. Great location in Negaunee and within walking distance to the schools, grocery store, banks and more.
Sold for $278,500
$278,500
250 E Water St, Negaunee, MI 49866
9beds
5baths
3,360sqft
MultiFamily
Built in 1890
-- sqft lot
$351,100 Zestimate®
$83/sqft
$1,222 Estimated rent
Home value
$351,100
$316,000 - $393,000
$1,222/mo
Zestimate® history
Owner options
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$1,222/mo
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$1,222/mo
Rent Zestimate®
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$1,776/mo
Est. payment
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$1,776/mo
Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 5
Interior area
- Total interior livable area: 3,360 sqft
Property
Parking
- Total spaces: 1
Lot
- Size: 0.78 Acres
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1890
Community & HOA
Location
- Region: Negaunee
Financial & listing details
- Price per square foot: $83/sqft
Price history
| Date | Event | Price |
|---|---|---|
| 8/17/2023 | Sold | $278,500+42.8%$83/sqft |
Source: RE/MAX of Michigan Solds #50115736_49866 Report a problem | ||
| 7/29/2023 | Pending sale | $195,000$58/sqft |
Source: | ||
| 7/18/2023 | Listed for sale | $195,000$58/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Neighborhood: 49866
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Nearby schools
GreatSchools rating
- 7/10Lakeview SchoolGrades: PK-4Distance: 0.3 mi
- 8/10Negaunee Middle SchoolGrades: 5-8Distance: 0.4 mi
- 7/10Negaunee High SchoolGrades: 9-12Distance: 0.5 mi
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- Michigan
- Marquette County
- Negaunee
- 49866
- 250 E Water St