Seller's Agent in 2025
Tammy Garling
KEY REALTY DELTA COUNTY LLC
(906) 280-1169
489 Total Sales
8196 U S 2 Rapid River, MI 49878
7
Beds
7
Baths
2,456
Sq Ft
0.5
Acres
Highlights
- Ranch Style House
- 2 Car Detached Garage
- Hot Water Heating System
- Corner Lot
About This Home
As of May 2025Welcome to a fantastic investment opportunity in Rapid River – a 7-unit property ready to generate steady income for you. Currently, all units are rented out , offering a reliable stream of rental income. The rental rates are favorable, and utilities, including cable, are conveniently included. This property boasts a strong rental history, ensuring a stable and lucrative investment for the future. Tenants can also enjoy a designated picnic area for added comfort and relaxation. Additionally, there's a 2-car detached garage available for personal use or as an additional rental opportunity, providing even more potential for income generation. The unit mix includes 6 studios and a spacious one-bedroom unit, catering to a diverse range of tenants. Numerous updates have been made throughout the years, enhancing the property's appeal and value. Most units are rented on a monthly basis, with some owners also accepting weekly rentals, maximizing occupancy rates. With a total monthly rent of $4805.00 this investment promises excellent returns. Don't miss out on this incredible opportunity to secure a profitable investment in Rapid River. Contact us today to learn more and seize the chance to add this gem to your portfolio. The roof is scheduled to be replaced as weather permits.
Last Agent to Sell the Property
KEY REALTY DELTA COUNTY LLC License #UPAR Listed on: 02/18/2025
Property Details
Home Type
- Apartment
Year Built
- Built in 1970
Lot Details
- 0.5 Acre Lot
- Lot Dimensions are 100x217
- Rural Setting
- Corner Lot
- Cleared Lot
Parking
- 2 Car Detached Garage
Home Design
- Ranch Style House
- Vinyl Siding
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Full Bathrooms
Utilities
- Hot Water Heating System
- Boiler Heating System
- Electric Water Heater
- Mound Septic
Additional Features
- Oven or Range
- Block Basement Construction
Community Details
- 7 Units
Listing and Financial Details
- Assessor Parcel Number 012-170-067-00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 6, 2022
Sold by
Depas James
Bought by
Northwoods Trust and Diedrich
Current Estimated Value
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $192,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/16/2025 05/16/25 | Sold | $269,900 | 0.0% | $110 / Sq Ft |
| 02/18/2025 02/18/25 | For Sale | $269,900 | -- | $110 / Sq Ft |
Source: Upper Peninsula Association of REALTORS®
Tax History Compared to Growth
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 | $781 | $70,400 | $0 | $0 |
| 2024 | $371 | $65,800 | $0 | $0 |
| 2023 | $354 | $31,800 | $0 | $0 |
| 2022 | $1,612 | $33,600 | $0 | $0 |
| 2021 | $1,294 | $32,400 | $0 | $0 |
| 2020 | $1,268 | $31,600 | $0 | $0 |
| 2019 | $1,229 | $26,700 | $0 | $0 |
| 2018 | $1,200 | $25,500 | $0 | $0 |
| 2017 | $286 | $25,788 | $0 | $0 |
| 2016 | $1,169 | $25,434 | $0 | $0 |
| 2014 | -- | $42,184 | $0 | $0 |
| 2013 | -- | $42,990 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Tammy Garling
Map
Source: Upper Peninsula Association of REALTORS®
MLS Number: 50166957
APN: 21-012-170-067-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Nearby Homes
- 8391 U 6 Ln
- 7683 U S Route 2
- 10645 N Main St
- 10848 T 6
- TBD Alice Lot A Ave
- TBD Alice Lot B Ave
- 10120 U S 2
- 7952 Garth Point 25 Ln
- 10088 S 75 Rd
- 9787 County 513 T Rd
- 10490 Breezy R 22 Ln
- 10451 Breezy R 22 Ln
- 10492 Breezy R 22 Ln
- 10441 Breezy R 22 Ln
- 10431 Breezy R 22 Ln
- 10494 Breezy R 22 Ln
- 10481 Breezy R 22 Ln
- 9518 Bay Shore Dr
- 9157 Co Rd 513 Rd
- 11827 T Rd