For Sale
$525,000

212 Rock St Marquette, MI 49855

Lake Superior, 4-unit apartment building

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
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.

Highlights

  • Four-unit apartment building in Marquette, MI, offering immediate income potential.
  • Class B property totaling 2,094 square feet, two blocks from Lake Superior.
  • Four one-bedroom, one-bathroom units, each with a private entrance and currently fully rented.
  • Recent capital improvements include a new roof (2022), concrete driveway & retaining wall (2023), and water heater (2021).
  • Features include a four-car garage, individual tenant storage units, shared coin-op laundry, and a sauna.
  • Excellent rental history and recently passed city inspection.

Property Details for 212 Rock St

Property type
Apartment buildings
Square Feet
2,094 SF
Class
B
Units
4

Location Insight

City
Marquette
County
Marquette
State
Michigan
Latitude
46.54054
Longitude
-87.396981

FAQs

What type of property is this?
Apartment building - Lake Superior, 4-unit apartment building
Where is the apartment building located?
The property is located at 212 Rock St Marquette, MI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Four-unit apartment building in Marquette, MI, offering immediate income potential.; Class B property totaling 2,094 square feet, two blocks from Lake Superior.; Four one-bedroom, one-bathroom units, each with a private entrance and currently fully rented.
How can I contact the broker?
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212 Rock St
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