Discover the perfect investment gem in the heart of Marquette!

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Apartment For Sale

1950 Presque Isle

Marquette, Michigan 49855

Marquette County

Community: Clark & Wrights Add

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$6,000,000 105 br, 52.0 bath 51408 sq. ft. 1.610 acres

Discover the perfect investment gem in the heart of Marquette! This impressive 52-unit apartment building is situated in an unbeatable location, just steps from NMU and the breathtaking Lake Superior. With low rents that are on the rise and a solid base of long-term tenants, there's immense potential for income growth. Boasting a remarkable 0% vacancy rate and a waiting list, this opportunity is truly extraordinary. The three-story building features charming top-floor units with fireplaces (non-working) and balconies, while the lower level is designed for accessibility, complete with a wheelchair ramp and three handicap apartments. A mix of 51 two-bedroom units generating rental income and a three-bedroom manager's unit, alongside a well-maintained infrastructure with a recent roof, freshly painted exterior, and added vinyl siding, this property is ready to shine. Additional perks include a manager's office, an attached workshop, and two sheds for lawn and snow maintenance equipment. Seize this exceptional opportunity and elevate your investment portfolio today!

Interior:
  • Bedrooms: 105
  • Baths: 52.0
  • Sq Ft: 51408
  • Year Built: 1977
  • Utilities: 
  • Fireplaces: 
  • Stories: 2
  • Heat/AC: Hot Water
  • Garage: Driveway, Paved or Surfaced, Unassigned
Exterior:
  • Lot Size: 1.610 acre
  • Lot Dimensions: 
  • View Types: 
  • Yard: 
  • Siding: Vinyl Siding
  • Roof: 
  • Property Taxes: $41,154
  • MLS #: 50162352
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Contact Information:
phone Call now 1-855-943-4259
Beach Apartment For Sale in Marquette, Michigan
Listing Agent: SHERRY MCCARTHY, Select Realty, 906-235-9077, 906-228-2772 Listing Site, Listing Status: Active
Copyright © 2024 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 5605488
Viewed 22 times.
Updated: Dec 04, 2024

This property is a Apartment located at 1950 Presque Isle, Marquette, Michigan 49855, and is currently For Sale at $6,000,000. This Apartment has 105 bedrooms, 52.0 baths, 51408 sq ft.