Excellent cash flow on this fourplex in Munising. Rental properties are a great investment and hard to come by in this area. This one won't last long. Great income property to add to your portfolio or start a rental business. Three 2 bedroom units and one 1 bedroom unit. All units are occupied. Cash on cash return could easily be over 30% with 20% down. For more financial information call listing agent.
Off market
Zestimate®
$204,700
401 Prospect St, Munising, MI 49862
--beds
0baths
2,960sqft
MultiFamily
Built in 1930
-- sqft lot
$204,700 Zestimate®
$69/sqft
$1,029 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced air, Gas
Features
- Basement: Full, Walkout
Interior area
- Total interior livable area: 2,960 sqft
Property
Parking
- Total spaces: 1
Features
- Exterior features: Vinyl
Lot
- Size: 8,712 sqft
Details
- Parcel number: 05119006150
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1930
Utilities & green energy
- Electric: Yes
- Sewer: City
Community & neighborhood
Location
- Region: Munising
Other
Other facts
- BASEMENT: Full, Walkout
- CABLE: Available
- CONSTRUCTION: Conventional Frame
- ELECTRIC: Yes
- FIRST FLOOR BEDROOM: Yes
- FOUNDATION: Block
- HEAT: Natural Gas Forced Air
- NATURAL GAS: Yes
- SEWER: City
- SHORELINE: Not Applicable
- STYLE: 2 Story
- RENTAL OPTIONS: No Rental Available
- POSSESSION: Tenants Rights
- EXTERIOR: Vinyl
- Type: Fourplex
- WATER: City
- TELEPHONE: Available
- ROAD ACCESS: Year Round
- ROAD TYPE: Public
- NEGOTIABLE ITEMS: Refrigerator, Oven/Range, Dryer, Washer
- MAIN FLOOR FULL BATH: Yes