Courtesy of Five Star Real Estate, Liz Beischer
611 W Prospect Street, Marshall, Michigan, 49068
0.25 Acres
4 bd
#26051181
GREAT Investment opportunity in the booming town of Marshall. This rare opportunity to purchase a FULLY leased 4-unit apartment building generating over $3,700 per month ($44,400 annually) in gross rental income. This approximately 2,800-square-foot property provides immediate cash flow with long-term appreciation potential due to below-market rents in one of Michigan's strongest small multifamily markets, driven by the construction of the Ford BlueOval Plant. In addition, there is also a possibility of a 5TH APARMENT on the 3rd Floor. Owner is also selling 607 W Prospect (3-unit) next door, which opens up possibilities for portfolio buyers to increase their footprint within the same street.
PROPERTY FEATURES
- Utilities : Cable Available, Cable Connected
- Water Source : Public
- Sewer : Public Sewer
- Community Features : Sidewalks
- Parking Features: Concrete, Driveway
- Parking Total: 6
- Heating on Property:
- Heating : Natural Gas, Hot Water
- Construction Materials: Wood Siding
- Roof: Composition
- Road Surface Type: Paved
- Basement Description : Full
- Basement on Property:
- Laundry Features : In Basement
PROPERTY DETAILS
ID: 26051181
Status: Active
Price: $379,000
Acres: 0.25 Acres
Price Per Acre: $1,516,000
Type: Multi-family
Address: 611 W Prospect Street
City, State: Marshall, Michigan
County: Calhoun
Zip Code: 49068
Lat/Long: 42.27393, -84.967869
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