Income-Producing Quadplex with Occupied Units! All units are one-bedroom apartments and are currently rented, providing immediate rental income. Each unit has separate electric, with tenants responsible for their own electric usage. Heat and water are included in the rent, with efficient hot-water boiler heat serving the building. Current monthly rents are $950, $850, $850, and $825, for a total of $3,475/month or $41,700 annually in scheduled gross rental income. A solid investment opportunity for an investor looking to add an income-producing property to their portfolio.
Whether you are looking for the charm of a home built in 1900 and well maintained with all the original craftmanship, or an investment rental property that is built to last, this home is one you will want to see. The seller has owned it for over 50 years and has done everything needed to maintain it and even to improve it. From all 33 windows being replaced 10 years ago to the new carpet installed upstairs just this year, you will have the confidence of knowing this house has been well loved. The second floor is a complete three bedroom apartment with either the outside entrance if you wish to rent it out or the interior stairs that make it a single family 5 bedroom 3 bath with a kitchen, living room an dining room on each floor.
4 unit investment opportunity on the south side of Escanaba! Featuring 2 duplexes on the same lot, both roofs have been replaced since 2019, all new windows on the front duplex and so much more. The front duplex features a 4 bed, 2 bath unit and a studio in the basement. A large deck wraps around the south side of the front duplex perfect for entertaining and relaxing in the sun. The back duplex features a 1 bed, 1 bath and 2 bed, 1 bath. An 8'x12' exterior shed is staying with the property for additional storage.
2 UNIT DUPLEX in Escanaba. 2 bedrooms up and 2 bedrooms down and full baths for each. Upstairs currently rented for $600 which includes all utilities. Utilities are separated except for water. Downstairs is vacant. Full basement and attached 2 car garage. Seller will get all contents out and cleaned depending on offer written.
Investor special near the lake- Two homes on one property! Just minutes from the shores of Lake Michigan, this property features two separate homes on one parcel. Offering incredible potential for investors, rental income, or live-in-one, rent-the-other setup. The first home (509) offers 4 bedrooms and 2 bathrooms, while the second (511) provides 3 bedrooms and 1 bathroom. Giving you a total of 7 bedrooms and 3 bathrooms across both residences. The possibilities are endless for the buyer with a vision. Whether you're looking to build equity or add to your portfolio. This property also boasts a fenced in yard with a 2-car garage generally shared with both tenants.
Nice 2 unit investment property with good size yard and plenty of parking. Opportunity to use as single family as it has the original staircase between floors. Both units have loads of storage space included. lower unit has large pantry. basement offers additional storage plus laundry setup for lower unit. Upper unit has 3 storage areas and large entry for your extras. Garage has been used for toy storage only as it has a small door, could be updated for something larger. City certified both units vacant recently.
Escanaba is located in Michigan. Escanaba, Michigan has a population of 12,439. Escanaba is less family-centric than the surrounding county with 22.26% of the households containing married families with children. The county average for households married with children is 23.81%.
The median household income in Escanaba, Michigan is $36,173. The median household income for the surrounding county is $51,117 compared to the national median of $69,021. The median age of people living in Escanaba is 43 years.
The average high temperature in July is 76.9 degrees, with an average low temperature in January of 8.6 degrees. The average rainfall is approximately 29.4 inches per year, with 52.3 inches of snow per year.
