219 Arch St Marquette, MI 49855
- Commercial real estate
- 1,760 SF
Current Use by Public Records
- Commercial real estate
Property Details for 219 Arch St
- Property size
- 1,760 SF
- Property type
- Commercial real estate
Description
This meticulously maintained three-unit apartment building, located at 219 E Arch St in Marquette, Michigan, presents a compelling investment opportunity. The property boasts a desirable East Side location, just blocks from Lower Harbor Park and Lake Superior. The building comprises three units: two one-bedroom, one-bathroom apartments and one two-bedroom, one-bathroom apartment. All units are currently rented, exhibiting an excellent rental history, providing immediate cash flow. Significant recent upgrades enhance the property's value and appeal. These include a new boiler heating system and roof (2022), new vinyl siding and windows (2023), and new flooring in two units (2022). Each unit offers individual storage, and a shared coin-operated laundry is conveniently located in the spacious basement. The basement also provides ample additional storage space. A large backyard complements the property, offering tenants outdoor space. With a total square footage of 1,760, this Class B multifamily property is priced at $385,000 and represents a solid investment in a highly sought-after Marquette neighborhood. The combination of strong rental income, recent renovations, and prime location makes this an exceptional opportunity for discerning investors. The property's zip code is 49855.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marquette
- County
- Marquette
- State
- Michigan
- Longitude
- -87.3895567
- Latitude
- 46.546394
