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638 N Fourth Street Ishpeming, MI 49849
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Key Details
Sold Price $195,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,792 sqft
Price per Sqft $33
Subdivision Mi
MLS Listing ID 50110619
Sold Date 11/01/23
Style More than 2 Stories
Bedrooms 9
Full Baths 9
Half Baths 9
Year Built 1895
Annual Tax Amount $4,857
Tax Year 2022
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 50x75
Property Description
9 unit apartment building in the city of Ishpeming. Brand new steam boiler in February, some long term tenants. All annual leases. 12% CAP rate based on 2022 annual expense and rents at 95% occupancy. Coin operated laundry in basement.
Location
State MI
County Marquette
Area Ishpeming (52013)
Zoning Residential
Rooms
Basement Block, MI Basement
Interior
Heating Steam
Cooling None
Fireplace No
Appliance Range/Oven, Refrigerator, Washer
Exterior
Amenities Available Laundry Facility
Waterfront No
Building
Story More than 2 Stories
Foundation Basement, Crawl
Water Public Water
Schools
School District Ishpeming Public School District
Others
Ownership LLC
SqFt Source Assessors Data
Energy Description Natural Gas
Acceptable Financing Cash
Listing Terms Cash
Financing Conventional
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with KEY REALTY DELTA COUNTY LLC
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