MLS# 50087632 Property Type: Multi-Family Active
This property has a total of 4 units: 3 units in one building and a ranch home, situated on two lots in the City of Negaunee. What a great investment opportunity, even if you prefer to live in the house and rent out the other three units in the unconnected building. The entire complex equals 3,794 sq. ft. of living area. Apartment #1 at 609 Lake St. has 1,410 sq. ft., five bedrooms, three baths for $700.00 per month. Apartment #2 607 Lake St. has 868 sq. ft., two bedrooms, two baths for $700.00 per month and then basement apartment on 607 has 340 sq. ft., efficiency with bath for $600.00 per month. Then you have the two bedroom, one bath ranch home with 1,176 sq. ft. of living space with a 20x30 drive under garage renting at $900.00 per month. All rents combined equals $3,000.00 per month and apartment #1 has been discounted for a family member. Previous rental income ranged from $3900.00 to $4200.00. Great location and within walking distance to downtown, schools and recreational facilities.
Listing Provided Courtesy of DON SCHINELLA - SELECT REALTY
