611 W Prospect StreetMarshall, MI 49068

Description

GREAT Investment opportunity in the booming town of Marshall. This rare opportunity to purchase a FULLY leased 4-unit apartment building generating over $3,700 per month ($44,400 annually) in gross rental income. This approximately 2,800-square-foot property provides immediate cash flow with long-term appreciation potential due to below-market rents in one of Michigan's strongest small multifamily markets, driven by the construction of the Ford BlueOval Plant. In addition, there is also a possibility of a 5TH APARMENT on the 3rd Floor. Owner is also selling 607 W Prospect (3-unit) next door, which opens up possibilities for portfolio buyers to increase their footprint within the same street.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1905

Lot size

0.25 acres

Lot dimensions

66 x 165

Parking spaces

6

Days on market

15

MLS^® Listing#

26051181

Property Features

Heating

Natural Gas · Hot Water

Basement

Full

Parking

Concrete · Driveway

Laundry

In Basement

Construction

Wood Siding

Roof

Composition

Community

Sidewalks

Utilities

Cable Available · Cable Connected

Sewer

Public Sewer

Water source

Public

Schools

District

Marshall

Financial Details

Annual taxes

$9,043Tax year 2025

Assessed value

$121,965

Parcel number

53-000-234-00

Directions

Front Michigan Ave, go north on Mulberry, turn west on Prospect. Building is on the south side of the road.