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Property profile & analytics
OFF-MARKET
Apartment buildings

212 Rock St Marquette, MI 49855

2,094 SF
Property ID
US43-2173800
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Apartment buildings
Total area 2,094 SF
UPID US43-2173800
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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