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    OFF-MARKET
    Commercial real estate

    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 Commercial real estate
    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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