$2,650,000
3419 Cleveland Ave,
Marinette WI, 54143
Description
This large Section 8 multi-family property includes tremendous income potential! Current HAP contract results in an outstanding cap rate of 8.25%. Please contact brokers for details regarding the HAP & LURA contracts.Marinette Woods Apartments is located in an area which includes an estimated population of 18,024 within a 5-mile radius and 25,968 within a 10-mile radius. The property is situated less than a half mile from a major commercial corridor which provides significant employment opportunities for residents. The property consists of 2 buildings which are located on a 2.97-acre site. They contain a mix of 2 BR/1 BA (50%) and 3 BR/2 BA units (50%). The floorplans are large and attractively designed.
Details
| MLS# | 1687528 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1981 |
| Days On Site | 259 |
Features
| Units | 48 |
|---|---|
| Building(s) | 1 |
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| Area Information | |
|---|---|
| State | WI |
| County | Marinette |
| City | Marinette |
| Zip Code | 54143 |
| Area | Marinette |
| Listing VS Median (in 54143) | |
Price: $2,650,000 low | high Med: $92,900 On Site: 259 low | high Med: 330 | |
Listing Updated: January 18, 2021 8:05:56 PM PST
MLS Number: 1687528Listing Provided By:
Paul A Rucinski of Encore Real Estate Brokerage