Price
$ 49,900
$4,100 Price cut

116 Oak St, Ishpeming, MI 49849  

116 Oak St, Ishpeming, MI 49849  

Here is a unique opportunity to turn sweat equity into an awesome investment property! The building has 3 apartments (Apt A 2 bedroom 800 sq ft) (Apt B 3 bedroom 2 bath 1500 sq ft) (Apt C 3 bedroom 1100 sq ft). You could live in one and fix up the others. You could make an additional $1200 a month and have your investment paid back in 5+ years. Each apartment has an enclosed porch and a small yard area. Two of them need just a few touches before they are ready to make you money and one that is a blank canvas that needs a handyman’s touch. After the owners purchased the building in 2011, they noticed many broken pipes so they have replaced plumbing lines throughout (new Pex hot and cold lines), new registers in each room, a new boiler, new water heater, and new exterior electric meter (along with upgraded panels for each apartment to 100 amp with Apt B at 200amp).

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Listing Type
Multi-Family
Listing ID
1100701
Lot Size
5,227.00 sqft
Listing Status
Active
Year Built
1900
County
Marquette
Subdivision
Ishpeming C
Floors
2
Units
3
County School District
Ishpeming
Listing courtesy of STATE WIDE REAL ESTATE
Price History
Get price alerts on price change
Date Event Change Price
7/27/2017 Price change $-4,100 (-7.6%) $49,900
5/24/2017 Price change $-5,000 (-8.5%) $54,000
Houses for Sale Nearby
    Listing Information Provided By:
    RE/MAX 1ST REALTY
    518 S Front St Marquette, MI 49855 | Phone: (906) 225-1136
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.