301 Nicholas Avenue, Palmer, MI 49871
301 Nicholas Avenue, Palmer, MI 49871
301 Nicholas Avenue, Palmer, MI 49871
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$325,000
Est. payment /mo
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8 Beds
4 Baths
3,072 SqFt
Price Dropped by $25K

301 Nicholas Avenue Palmer, MI 49871

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Tracy Butcher

Tracy Butcher

+1(810) 428-7092

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,072 sqft

Price per Sqft $105

Subdivision Mi

MLS Listing ID 50215315

Style 2 Story

Bedrooms 8

Full Baths 4

Year Built 1965

Lot Size 0.260 Acres

Acres 0.26

Lot Dimensions 100x150x50x75x50x75

Property Sub-Type Multi-Family

Property Description

This well-maintained four-unit apartment building in Palmer offers a strong rental history and consistent occupancy, making it an attractive addition to an investment portfolio. Each unit features two bedrooms and one full bathroom, with recent updates to the bathrooms and flooring. All four units are currently occupied under year-long leases at $850 per month, with tenants responsible for their own electric service. A coin-operated laundry area in the basement provides added convenience, while indoor storage spaces offer tenants extra room for their belongings. Palmer is a small community known for its welcoming atmosphere and neighborly feel, while also offering convenient proximity to a major area employer. With steady income potential and practical tenant features, this fully occupied property presents an appealing investment opportunity with an established rental history.

Location

State MI

County Marquette

Area Richmond Twp (52026)

Rooms

Basement Full

Interior

Heating Forced Air

Cooling None

Fireplace No

Appliance Dryer, Range/Oven, Refrigerator, Washer

Exterior

Exterior Feature Aluminum, Brick

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Aluminum,Brick

Schools

School District Negaunee Public Schools

Others

Ownership LLC

SqFt Source Public Records

Energy Description Electric,Natural Gas

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by KELLER WILLIAMS FIRST UP

NEARBY SCHOOL & BUSINESS

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Tracy Butcher

Tracy Butcher

Associate Broker - Non-Principal | License ID: 6506049127

+1(810) 428-7092

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301 Nicholas Avenue