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114-116 Ridge Negaunee, MI 49866
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Key Details
Sold Price $159,500
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,748 sqft
Price per Sqft $58
Subdivision Mi
MLS Listing ID 50110635
Sold Date 10/06/23
Style 2 Story
Bedrooms 6
Full Baths 2
Year Built 1912
Annual Tax Amount $3,912
Tax Year 2022
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 50x130
Property Description
Negaunee duplex not with 3 bedroom 1 bath apartments. current rents are $1050 and $1075 on annual leases. Tenants pay all utilities. 8% cap rate based on 2022 expenses and rental income at 95% occupancy.
Location
State MI
County Marquette
Area Negaunee (52021)
Zoning Residential
Interior
Heating Boiler
Fireplace No
Exterior
Waterfront No
Building
Story 2 Story
Foundation Basement
Water Public Water
Schools
School District Negaunee Public Schools
Others
Ownership LLC
SqFt Source Assessors Data
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with SELECT REALTY
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