Brick Multifamily with
2736 Golf Course Drive Marlette, MI 48453
2736 Golf Course Drive, Marlette, MI, 48453
$839,000
For Sale
$839,000
COMMERCIAL - Marlette, MI
Property Size9,000 SF
Lot Size1.47 Acres
Price / SF$93.22
Days on Market464
Property Features for 2736 Golf Course Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 330-032-300-530-00
- Size
- 9,000 SF
- Lot size
- 1.47 Acres
Utilities
- Heating system
- Oil
- Water source
- Public
Building Details
- Year built
- 1964
- Roof type
- Shingle
Listing agency
Pilot Property Group - Residential LLC
(586) 254-0900
Listed by
Anthony Rubino · License #6502425251
(586) 873-5419
Added: Apr 14, 2025 Updated: Jun 3 at 5:41PM Checked: Jul 21 at 5:06PM
MLS# 50171324
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property offers 10 units within a single brick building, constructed in 1964. The asset also includes a carport, providing covered parking for residents.
The property is located at 2736 Golf Course Drive in Marlette, Michigan, and sits across the street from the Marlette Golf Course. The lot size is 1.47 acres, and the overall property size is listed at 9,000 square feet.
For buyers seeking a small, self-contained residential income asset, the configuration of one brick building with 10 units can simplify operations and leasing compared to multi-building setups. The included carport may be a practical amenity for tenants, and the property’s direct relationship to a nearby golf course setting may appeal to renters looking for a residential environment adjacent to open space. Please note that additional details on unit mix, interiors, and current financial performance are not provided in the available information.
The property is located at 2736 Golf Course Drive in Marlette, Michigan, and sits across the street from the Marlette Golf Course. The lot size is 1.47 acres, and the overall property size is listed at 9,000 square feet.
For buyers seeking a small, self-contained residential income asset, the configuration of one brick building with 10 units can simplify operations and leasing compared to multi-building setups. The included carport may be a practical amenity for tenants, and the property’s direct relationship to a nearby golf course setting may appeal to renters looking for a residential environment adjacent to open space. Please note that additional details on unit mix, interiors, and current financial performance are not provided in the available information.
Key Highlights
- 10‑unit multifamily property constructed in 1964
- Brick building plus carport
- Oil heating
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.4k | $9.60 |
| − Vacancy | −$6.9k | −$0.77 |
| EGI | $79.5k | $8.83 |
| − OpEx | −$35.8k | −$3.97 |
| NOI | $43.7k | $4.86 |
9,000 SF · lease $9.60/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$624.5K
$546.5K – $728.6K
NOI $43,718 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,799 @ 7.0% cap · market cap 15.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Ten-unit residential income property built in 1964, consisting of one brick building plus a carport.
Where is this apartment building located?
The property is located at 2736 Golf Course Drive Marlette, MI.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: 10‑unit multifamily property constructed in 1964; Brick building plus carport; Oil heating
