Turnkey 8-Unit Apartment Investment with Garages & Prime Location This attractive investment package features eight well-maintained apartment units and eight garages, offering tenants convenience, privacy, and a desirable location close to recreation and downtown amenities. Each unit includes two bedrooms, one bathroom, a dedicated storage closet, and a private deck or patio overlooking a peaceful wooded area. Residents enjoy beautiful sunset views and a sense of seclusion that is rarely found this close to the city center. The building itself has a distinctive character, welcoming tenants with a unique split-level design and eye-catching architectural details, including stylish retro-inspired light fixtures that create a memorable first impression once you are in the doors. Additional amenities include coin-operated laundry facilities and dedicated garage spaces for each unit. Ownership currently covers water, sewer, garbage service, snow removal, and lawn care, while tenants pay their own electric service, which includes both electricity and heat, helping keep operating expenses manageable. Ideally situated across from the skate park, near multiple playgrounds, and just two blocks from the heart of downtown, this property offers convenient access to shopping, dining, entertainment, and community events. Combining strong tenant appeal, practical amenities, and an excellent location, this eight-unit property presents a compelling opportunity for investors seeking a stable and attractive multifamily asset.
47 days
|
198
|
9
|
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
ELLEN WYSSLING906-364-0655,
THE REAL ESTATE STORE906-932-5406,
JANICE WYSSLING906-285-0191,
THE REAL ESTATE STORE
Source: MiRealSource,MLS#: 50211095Originating MLS: Upper Peninsula Assoc of Realtors
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 16
Bathrooms: 8
Full bathrooms: 8
Heating
Baseboard, Electric
Cooling
Ceiling Fan(s), Wall/Window Unit(s)
Appliances
Included: Dryer, Range/Oven, Refrigerator, Washer, Electric Water Heater
Features
Cathedral/Vaulted Ceiling, Walk-In Closet(s)
Windows: Storms/Screens
Has basement: No
Has fireplace: No
Interior area
Total structure area: 7,182
Total interior livable area: 7,182 sqft
Property
Parking
Total spaces: 8
Parking features: 3 or More Spaces, Garage, Unassigned, Detached
Garage spaces: 8
Features
Levels: Multi/Split,Bi-Level
Patio & porch: Deck
Exterior features: Street Lights, Balcony, Garden
Waterfront features: None
Lot
Size: 1.44 Acres
Dimensions: 447 x 140
Features: Cleared, Sloped, Wooded, Main Street
Details
Parcel number: 275222453020
Zoning: R-2
Zoning description: Residential
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Brick, Wood Siding
Foundation: Slab
Condition
Year built: 1970
Utilities & green energy
Electric: 200+ Amp Service, Circuit Breakers
Sewer: Public Sanitary
Water: Public
Utilities for property: DSL Available, Cable Connected, Electricity Connected, Natural Gas Available, Phone Available, Phone Connected, Sewer Connected, Water Connected, Hard Lined Internet, Internet Spectrum
Explore the cost of this home by adjusting the details. Changes won't be saved.
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.