212 Rock St, Marquette, MI 49855
This meticulously maintained four-unit apartment building in Marquette, Michigan, presents a compelling investment opportunity. Located just two blocks from Lake Superior, this Class B property boasts 2,094 square feet and features four one-bedroom, one-bathroom apartments, each with a private entrance. Currently fully rented with an excellent rental history, this turnkey investment offers immediate income potential. Recent exterior updates include a new concrete driveway and retaining wall (2023) and a new roof (2022). Each unit has its own electric meter, with a fifth meter for common area lighting. The basement includes four individual locking storage units for tenants, a shared coin-operated laundry, and a sauna. A four-car garage provides ample parking and storage. A new water heater was installed in 2021, and a recent city rental inspection (September) was successfully passed. The property's exceptional condition reflects the care and attention provided by the previous owners over the past 26 years. This property is priced at $525,000 and offers a strong return on investment in a highly desirable location. The combination of its prime location, excellent rental history, recent upgrades, and tenant amenities makes this a truly exceptional investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.