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    E6280 Snowdrift St Bessemer, MI 49938
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    E6280 Snowdrift St, Bessemer, MI 49938

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    • Apartment buildings
    • 1,920 SF
    • 0.27 lot acres
    Off-Market

    Value Estimations
    Cap Rate Potential
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    Current Use by Public Records

    • Apartment buildings

    Property Details for E6280 Snowdrift St

    Year built
    1973
    Lot size
    0.27 lot acres
    Property type
    Apartment buildings

    Description

    This attractive, fully furnished apartment building in Bessemer, Michigan presents a compelling investment opportunity. Located near Big Powderhorn Mountain Resort, the property features five units: four one-bedroom, one-bathroom apartments and a third-floor unit adaptable as a one-bedroom plus den or common area. All units have separate entrances. Units 1-4 boast open-concept living rooms with wood-burning fireplaces, kitchens with appliances, bedrooms, and full baths, plus patio doors leading to a deck. Interlocking interior doors connect these units, and Unit 1 includes a stackable washer/dryer. The third-floor apartment offers an open concept design with kitchen, dining, living, bedroom, and den, showcasing mountain views. A detached building houses a hot tub and changing area. Units 1-4 utilize natural gas heat and have individual electric meters. The property includes a private well, newer windows, charming wood beams and ceilings, and a backyard setting with a deck and firepit. Ample parking is available. Recent improvements include a new roof and a crawlspace dehumidifier system. Each unit features a new smart TV, updated light fixtures, and refreshed decor and furnishings. The 1,920 square foot building sits on a 0.27-acre lot and was built in 1973. This three-story building offers diverse potential uses, including long-term or short-term rentals, conversion to condominiums, or personal use with rental income from other units. The asking price is $248,900.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use


    Location Insight

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    • Local Demand
    City
    Bessemer
    County
    Gogebic
    State
    Michigan
    Longitude
    -90.0942
    Latitude
    46.5122
    More about this property
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