Houghton student rental. Rental income is currently $3,000 per month with the tenants paying all utilities. Paved parking for 6+ and the house is licensed as a rental with the City of Houghton for 6 renters. Six bedroom, 2 bathrooms. Steady increases in net rental income. Over 8% Cap. Rate. Solid investment. Seller will finance up to 50% of sales price.
Off market
Zestimate®
$196,900
205 Pewabic St, Houghton, MI 49931
6beds
2,000sqft
MultiFamily
Built in 1919
-- sqft lot
$196,900 Zestimate®
$98/sqft
$2,228 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Heating
- Baseboard, Radiant, Gas
Features
- Basement: Basement (not specified)
Interior area
- Total interior livable area: 2,000 sqft
Property
Parking
- Total spaces: 6
- Parking features: Off-street
Features
- Exterior features: Shingle
- Has view: Yes
- View description: City
Lot
- Size: 5,227 sqft
Details
- Parcel number: 05223200650
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Asphalt
Condition
- Year built: 1919
Community & neighborhood
Location
- Region: Houghton