8196 Us2
Rapid River,
MI
49878
Property Details
List Price: |
$232,650 |
Beds: |
7 |
Baths: |
7 |
Status: |
Pending |
SqFt: |
2456 |
Agency: |
Key Realty Delta County |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
1970 |
Notes: |
Welcome to a fantastic investment opportunity in Rapid River – a 7-unit property ready to generate steady income for you. Currently, all units are rented out except for one, offering a reliable stream of rental income. The rental rates are favorable, and utilities, including cable, are conveniently included. This property boasts a strong rental history, ensuring a stable and lucrative investment for the future. Tenants can also enjoy a designated picnic area for added comfort and relaxation. Additionally, there's a 2-car detached garage available for personal use or as an additional rental opportunity, providing even more potential for income generation. The unit mix includes 6 studios and a spacious one-bedroom unit, catering to a diverse range of tenants. Numerous updates have been made throughout the years, enhancing the property's appeal and value. Most units are rented on a monthly basis, with some owners also accepting weekly rentals, maximizing occupancy rates. With a total monthly rent of $4624.00, this investment promises excellent returns. Don't miss out on this incredible opportunity to secure a profitable investment in Rapid River. Contact us today to learn more and seize the chance to add this gem to your portfolio. |
MlsNumber: |
50138477 |
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Listing Provided By: |
Key Realty Delta County, original listing |
Name: |
Key Realty Delta County |
Phone: |
(906) 233-7455 |
Office Name: |
KEY REALTY DELTA COUNTY LLC |
Office Phone: |
(906) 233-7455 |
Agent Name: |
TAMMY GARLING |
Disclaimer: |
Copyright © 2024 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |