8196 US-2

Delta County MI 49878

2456 sq. ft.

0.5 ac.

Multi-Family

Last sold for $269,900

TAMMY GARLING, last sold this property on 16 May 2025 after -89 days on market.

Overview

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 , 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 $4805.00 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. The roof is scheduled to be replaced as weather permits.

Features

7 bedrooms

7 bathrooms

2 carspaces

2 garage spaces

2456 sq. ft. floor area

0.5 ac. lot size

Multi-Family

Estimated Value

We need at least 3 similar 7 bedroom multi families sold in Delta County over the last 12 months.

Property history for 8196 US-2

2025

Sold

$269,900

16 May 2025 by TAMMY GARLING, of KEY REALTY DELTA COUNTY LLC

2024

Sold

$232,650

28 May 2024 by TAMMY GARLING, of KEY REALTY DELTA COUNTY LLC

2022

Sold

$192,000

07 Sep 2022 by TAMMY GARLING, of KEY REALTY DELTA COUNTY LLC

Happy sellers in Delta County

We have insufficient information to provide an overview of customer satisfaction for Delta County. Viewing the agent profiles, reviews and sales for Delta County can provide insights for this location.