Description
Brick 4 family in a great spot adjacent to Marquette Blue Light District. All units are 2 bed/1 bath. 2 are more recently refinished and 2 are older work but in good shape. Building is meticulously cared for and is very clean in & out. Rents have room to grow immediately with no capital investment. The property pencils as a 8.37 cap with pending increases on Units 2 & 4 effective 4/1. Separate boilers & water heaters, separately metered gas & electric with individual panels (breakers) for each unit with storage units in the basement. Large 2 car garage plus workshop and a steel outbuilding in addition to 5 surface parking spaces. Low maintenance property inside & outside with masonry, no grass and very minimal common areas. Newer TPO roof. Just plug in and roll with this one!
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0BEDS
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0.13ACRES
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0BATHS
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01/2 BATHS
Listing provided courtesy of RE/MAX Service First: (262) 287-9900.
Description
Brick 4 family in a great spot adjacent to Marquette Blue Light District. All units are 2 bed/1 bath. 2 are more recently refinished and 2 are older work but in good shape. Building is meticulously cared for and is very clean in & out. Rents have room to grow immediately with no capital investment. The property pencils as a 8.37 cap with pending increases on Units 2 & 4 effective 4/1. Separate boilers & water heaters, separately metered gas & electric with individual panels (breakers) for each unit with storage units in the basement. Large 2 car garage plus workshop and a steel outbuilding in addition to 5 surface parking spaces. Low maintenance property inside & outside with masonry, no grass and very minimal common areas. Newer TPO roof. Just plug in and roll with this one!
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