219 Arch St Marquette, MI 49855
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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