2050 Wright St Marquette, MI 49855
16
Beds
13
Baths
6,000
Sq Ft
2.42
Acres
Highlights
- 2.42 Acre Lot
- 1-Story Property
- Forced Air Heating System
- Sandy Knoll School Rated A-
About This Home
As of February 202412 unit Investment opportunity within Marquette City limits less than a mile from Northern Michigan University. Property is just a few minutes drive to just about everything the City of Marquette has to offer. Within walking/biking distance to NMU, Lake Superior, The Superior Dome and many stores, shops and restaurants! And its nearly on top of the biking trail system. Seller has done extensive renovations to the majority of the units and has increased rents since purchase in 2021 to market value with more potential for growth. Property consists of a four bedroom house, 6 dwellings that are a mix of one to two bedrooms, and five efficiency apartments. Two of the original units were demolished and removed for additional parking and driveway to rear units. Property has plenty of room for improvements for tenant amenities etc.. to increase the appeal for prospective tenants and continued growth for the investor. The possibilities are endless!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1960
Lot Details
- 2.42 Acre Lot
- 317 Ft Wide Lot
Home Design
- Pillar, Post or Pier Foundation
- Vinyl Siding
Interior Spaces
- 1-Story Property
Bedrooms and Bathrooms
- 16 Bedrooms
- 13 Full Bathrooms
Basement
- Michigan Basement
- Partial Basement
Parking
- 3 Car Parking Spaces
- Unassigned Parking
Utilities
- Forced Air Heating System
- Space Heater
- Separate Meters
- Electric Water Heater
- Community Sewer or Septic
Community Details
- 12 Units
- Marquette Subdivision
Listing and Financial Details
- Assessor Parcel Number 52-52-005-103-90
Similar Home in Marquette, MI
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/22/2024 02/22/24 | Sold | $787,500 | -17.0% | $131 / Sq Ft |
| 11/27/2023 11/27/23 | Price Changed | $949,000 | -5.0% | $158 / Sq Ft |
| 11/01/2023 11/01/23 | For Sale | $999,000 | +14.2% | $167 / Sq Ft |
| 11/01/2023 11/01/23 | Price Changed | $875,000 | +65.1% | $146 / Sq Ft |
| 08/11/2022 08/11/22 | Sold | $529,900 | 0.0% | $95 / Sq Ft |
| 06/15/2022 06/15/22 | For Sale | $529,900 | -- | $95 / Sq Ft |
Source: Upper Peninsula Association of REALTORS®
Tax History Compared to Growth
Agents Affiliated with this Home
-
Seller's Agent in 2024
Mark Coon
RE/MAX DOUGLASS R.E.-H
(906) 281-4197
2 in this area
155 Total Sales
-
Seller's Agent in 2022
Nick Racine
RE/MAX 1ST REALTY
(906) 250-7229
39 in this area
288 Total Sales
Map
Source: Upper Peninsula Association of REALTORS®
MLS Number: 50126635
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