611 W Prospect Street, Marshall, MI 49068
- $379,000
- List Price
- $379,000
- Days on Market
- 1
- MLS#
- 26051181
- Status
- ACTIVE
- Type
- Multifamily
Property Description
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.
Additional Information
- Owner Pays
- Sewer, Trash Collection, Water
- Taxes
- $9,043
- Acres
- 0.25
- Basement
- Full
- Heating
- Hot Water
- Roofing
- Composition
- School District
- Marshall
- Tenant Pays
- Electricity, Gas
- Total Parking Spaces
- 6
- Utilities
- Cable Connected, Cable Available, Storm Sewer
- Water
- Public Water
Mortgage Calculator
Listing courtesy of Listing Agent: Liz Beischer from Listing Office: Five Star Real Estate.
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