NOT LISTED FOR SALE

401 Prospect St Munising, MI 49862

Estimated Value: $171,000 - $267,000

Studio
-- Bath
2,960 Sq Ft
$67/Sq Ft Est. Value

Last Sold April 23, 2021

Last sale price $136,000 $46 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $1,310/month

31 Days on Market

About This Home

As of April 2021

Excellent cash flow on this fourplex in Munising. Rental properties are a great investment and hard to come by in this area. This one won't last long. Great income property to add to your portfolio or start a rental business. Three 2 bedroom units and one 1 bedroom unit. All units are occupied. Cash on cash return could easily be over 30% with 20% down. For more financial information call listing agent.

Last Agent to Sell the Property

Mark Coon

RE/MAX DOUGLASS R.E.-H License #UPAR Listed on: 01/23/2021

RE/MAX DOUGLASS R.E.-H

Last Buyer's Agent

TIFFANY BOWMAN

LOOK REALTY License #UPAR-6501391824

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66 x 130

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Internet Available

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 05119006100

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Year Built: 1930
  • Mail City: Munising
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable/Internet Avail.
  • Basement: Yes
  • Basement Type: Full, Walk Out

Exterior Features

  • Construction: Vinyl Siding
  • Roads: City/County, Year Round

Utilities

  • Water: Public Water
  • Fuel Type: Electric, Natural Gas
  • Heating System: Forced Air
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 05119006100
  • Lot Dimensions: 66 x 130
  • Acreage: 0.2
  • Geo Subdivision: MI

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Munising Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2018
Closed on
Mar 15, 2019
Sold by
David Erickson
Bought by
Troudt Mark D and Troudt Christine G
Seller's Agent
Stacey Masters
RE/MAX SUPERIORLAND
Buyer's Agent
Mark Coon
RE/MAX DOUGLASS R.E.-H
List Price
$98,000
Sold Price
$85,000
Premium/Discount to List
-$13,000
-13.27%
Current Estimated Value
$198,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,753
Avg. Annual Appreciation
12.98%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Troudt Mark D $85,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/23/2021 04/23/21 Sold $136,000 -2.2% $46 / Sq Ft
02/23/2021 02/23/21 Pending -- -- --
01/23/2021 01/23/21 For Sale $139,000 +63.5% $47 / Sq Ft
03/07/2019 03/07/19 Sold $85,000 -13.3% $29 / Sq Ft View Prior Sale
01/23/2019 01/23/19 Pending -- -- --
11/12/2018 11/12/18 For Sale $98,000 -- $33 / Sq Ft
Source: Upper Peninsula Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,325 $80,500 $0 $0
2024 $3,234 $71,400 $0 $0
2023 $3,105 $65,800 $0 $0
2022 $2,814 $63,600 $0 $0
2021 $3,499 $63,600 $0 $0
2020 $3,433 $59,400 $0 $0
2019 $2,178 $55,700 $0 $0
2018 $2,118 $48,400 $0 $0
2017 $1,967 $47,600 $0 $0
2016 $1,953 $47,600 $0 $0
2015 $1,962 $48,500 $0 $0
2014 $1,962 $40,500 $0 $0
2013 $1,913 $40,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mark Coon

    Seller's Agent in 2021

    Mark Coon

    RE/MAX DOUGLASS R.E.-H

    (906) 281-4197

    142 Total Sales

    Mark Coon
    Section Image

  • T

    Buyer's Agent in 2021

    TIFFANY BOWMAN

    LOOK REALTY

    (906) 361-7255

    95 Total Sales

    TIFFANY BOWMAN
    Section Image
  • Steve Pelto

    Buyer Co-Listing Agent in 2021

    Steve Pelto

    LOOK REALTY

    (906) 228-7255

    101 Total Sales

    Steve Pelto
    Section Image
  • Stacey Masters

    Seller's Agent in 2019

    Stacey Masters

    RE/MAX SUPERIORLAND

    (906) 202-3312

    205 Total Sales

    Stacey Masters
    Section Image
See All Agents

Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 10072289

Upper Peninsula Association of REALTORS®

APN: 02-051-190-061-50

Michigan Alger County Munising 49862

401 Prospect St, Munising, MI

Not Listed for Sale

MultiFamily

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