$232,650
Active Under Contract
23 Days Online
7 Beds7 Baths2,456 SQFT
Active Under Contract

8196 US2 Highway Rapid River, MI 49878

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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 except for one, 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 $4624.00, 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.

  • Property TypeMulti-Family
  • NeighborhoodMasonville Twp
  • CountyDelta
  • Taxes$1,613
  • HOA/Condo/Coop Fees$0
  • Days on Site22 Days
  • MLS StatusActive Under Contract
  • MLS ID Number50138477
  • Home Size Source N/A
  • Year Built1970
  • Lot Size0.5 Acres
  • Full Baths7
  • Partial BathsN/A

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Schools

School District
Rapid River Public Schools
Elementary School
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Monthly Payment (Est.)

$1,266
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