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Rapid River, MI 49878,8196 US2 Highway
Rapid River, MI 49878,8196 US2 Highway
Rapid River, MI 49878,8196 US2 Highway
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$269,900
Est. payment /mo
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7 Beds
7 Baths
2,456 SqFt
Contingent

8196 US2 Highway Rapid River, MI 49878

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Scott Clay

Scott Clay

+1(989) 332-1712

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Contingent

Purchase Type For Sale

Square Footage 2,456 sqft

Price per Sqft $109

Subdivision Mi

MLS Listing ID 50166957

Style 1 Story

Bedrooms 7

Full Baths 7

Year Built 1970

Annual Tax Amount $1,613

Tax Year 2022

Lot Size 0.500 Acres

Acres 0.5

Lot Dimensions 100x217

Property Sub-Type Multi-Family

Property Description

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 , 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 $4805.00 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. The roof is scheduled to be replaced as weather permits.

Location

State MI

County Delta

Area Masonville Twp (21017)

Zoning Commercial

Rooms

Basement Block

Interior

Heating Boiler, Hot Water

Fireplace No

Appliance Range/Oven, Refrigerator

Exterior

Exterior Feature Vinyl Siding

Parking Features Detached Garage

Garage Spaces 2.0

Building

Lot Description Cleared

Story 1 Story

Foundation Crawl

Water Private Well

Structure Type Vinyl Siding

Schools

School District Rapid River Public Schools

Others

Ownership Trust

SqFt Source Appraisal

Energy Description Natural Gas

Financing Cash,Conventional

MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by KEY REALTY DELTA COUNTY LLC

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agent

Scott Clay

Broker/Owner | License ID: 6502432343

+1(989) 332-1712

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8196 US2 Highway