1091 Us-2 $349,900

Beds
10
Baths
10.00
This 10 unit apartment complex overlooks the Straits of Mackinac and is 2 miles west of downtown St. Ignace. Included in the sale: duplex with 2 units (generating $1650/month), 8 efficiency apartments (projected rent of $680/unit/month - $5440/month), extra 1.5 acre parcel with panoramic views of the Straits / Mackinac Bridge. Projected net income from the 10 units is $67,000/yr; or a cap rate of nearly 17%. Incredible income property / investment opportunity in an area that's in need of affordable housing.
1091 Us-2
St. Ignace, Michigan 49781
County: Mackinac
Region: St. Ignace
Sale Type: For Sale
Ref #: 453745
Category: Commercial
Beds
10
Baths
10.00
Zoning
Commercial
School District
St. Ignace
1091 Us-2
St. Ignace, Michigan 49781
County: Mackinac
Region: St. Ignace
Sale Type: For Sale
Ref #: 453745
Category: Commercial

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1091 Us-2
St. Ignace, Michigan 49781
County: Mackinac
Region: St. Ignace
Sale Type: For Sale
Ref #: 453745
Category: Commercial

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1091 Us-2
St. Ignace, Michigan 49781
County: Mackinac
Region: St. Ignace
Sale Type: For Sale
Ref #: 453745
Category: Commercial
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