611 W Prospect Street, Marshall, MI 49068
611 W Prospect Street, Marshall, MI 49068
611 W Prospect Street, Marshall, MI 49068
611 W Prospect Street, Marshall, MI 49068
611 W Prospect Street, Marshall, MI 49068
611 W Prospect Street, Marshall, MI 49068
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Nathaniel Richards

Nathaniel Richards

+1(734) 299-1209
$ 379,000
Est. payment | /mo

0.25 Acres Lot

Save
$ 379,000
Est. payment | /mo
Save

0.25 Acres Lot

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality Marshall City

MLS Listing ID 26051181

Year Built 1905

Annual Tax Amount $9,043

Tax Year 2025

Lot Size 10,890 Sqft

Acres 0.25

Lot Dimensions 66 x 165

Property Sub-Type 2 to 4 Units

Source Michigan Regional Information Center (MichRIC)

Property 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.

Location

State MI

County Calhoun

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

Rooms

Basement Full

Interior

Heating Hot Water

Laundry In Basement

Exterior

Parking Features Concrete, Driveway

Utilities Available Cable Available, Cable Connected, Storm Sewer

View Y/N No

Roof Type Composition

Street Surface Paved

Total Parking Spaces 6

Building

Lot Description Sidewalk

Structure Type Wood Siding

New Construction No

Schools

School District Marshall

Others

Tax ID 53-000-234-00

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Five Star Real Estate

Schools and Properties Nearby

Nathaniel Richards
Nathaniel Richards

Realtor License ID: 6501446715

+1(734) 299-1209 | nate@reagentnathaniel.com

Learn More About LPT Realty

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611 W Prospect Street