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Apartment For Sale
1950 Presque Isle
Marquette, Michigan 49855
Marquette CountyCommunity: Clark & Wrights Add
$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
Contact Information:
Call now 1-855-943-4259 |
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.
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
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Updated: Dec 04, 2024