9 unit apartment building in the city of Ishpeming. Brand new steam boiler in February, some long term tenants. All annual leases. 12% CAP rate based on 2022 annual expense and rents at 95% occupancy. Coin operated laundry in basement.
Closed
$195,000
638 N 4th St, Ishpeming, MI 49849
9beds
5,792sqft
Multi Family
Built in 1895
-- sqft lot
$280,500 Zestimate®
$34/sqft
$1,111 Estimated rent
Home value
$280,500
$230,000 - $339,000
$1,111/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: November 03, 2023 at 07:04am
Listed by:
JOHN DEMAY 906-362-1000,
EXP REALTY OF MARQUETTE 888-501-7085
Bought with:
SCOTT MOSIER
KEY REALTY DELTA COUNTY LLC
Source: Upper Peninsula AOR,MLS#: 50110619
Originating MLS: Upper Peninsula Assoc of Realtors
Originating MLS: Upper Peninsula Assoc of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 18
- Full bathrooms: 9
Heating
- Steam
Cooling
- None
Appliances
- Included: Range/Oven, Refrigerator, Washer, Gas Water Heater
- Laundry: Common Area
Features
- Basement: Block,MI Basement,Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 5,792
- Total interior livable area: 5,792 sqft
Property
Features
- Levels: More than 2 Stories
- Patio & porch: Porch
- Waterfront features: None
Lot
- Size: 5,662 sqft
- Dimensions: 50 x 75
Details
- Parcel number: 525120700800
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Conventional Frame
- Property subtype: Multi Family
Materials
- Foundation: Basement
Condition
- Year built: 1895
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sanitary
- Water: Public
Community & neighborhood
Location
- Region: Ishpeming
- Subdivision: no
Other
Other facts
- Listing terms: Conventional
- Ownership: LLC
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/1/2023 | Sold | $195,000-13.3%$34/sqft |
Source:  Upper Peninsula AOR #50110619 | ||
| 10/13/2023 | Pending sale | $225,000$39/sqft |
Source: Upper Peninsula AOR #50110619 | ||
| 10/3/2023 | Price change | $225,000-13.1%$39/sqft |
Source: Upper Peninsula AOR #50110619 | ||
| 8/10/2023 | Price change | $259,000-2.3%$45/sqft |
Source: Upper Peninsula AOR #50110619 | ||
| 5/31/2023 | Listed for sale | $265,000+48%$46/sqft |
Source: Upper Peninsula AOR #50110619 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,216 +7.4% | $139,500 +10.9% |
| 2023 | $4,857 +3.5% | $125,800 +57.5% |
| 2022 | $4,692 +1.9% | $79,850 -7.9% |
Find assessor info on the county website
Neighborhood: 49849
Nearby schools
GreatSchools rating
- 4/10Ishpeming Middle SchoolGrades: 5-8Distance: 0.4 mi
- 6/10Ishpeming High SchoolGrades: 9-12Distance: 0.4 mi
- 6/10Birchview SchoolGrades: PK-4Distance: 1.1 mi
Schools provided by the listing agent
- District: Ishpeming Public School District
Source: Upper Peninsula AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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