$269,900
bedrooms
7
bathrooms
7
square feet
2,456
Acreage
0.5
Open Houses
-
year built
1970
Full Baths
7
Half Baths
0
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 | |
| Subdivision | - |
| County | Delta |
| Elementary School | - |
| Middle School | - |
| High School | - |
Open houses
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 50166957
Listing agent:
Tammy Garling
Listing broker:
Key Realty Delta County
(906) 233-7455
Copyright © 2025 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
[source]
Last update: Wednesday, February 26 2025 at 4:32 p.m. EST
Kotohomes National