1950 Presque Isle Ave Marquette, MI 49855
Property details
About 1950 Presque Isle Ave
Discover the perfect investment gem in the heart of Marquette! This impressive 52-unit apartment building is situated in an unbeatable location, just steps from NMU and the breathtaking Lake Superior. With low rents that are on the rise and a solid base of long-term tenants, there's immense potential for income growth. Boasting a remarkable 0% vacancy rate and a waiting list, this opportunity is truly extraordinary. The three-story building features charming top-floor units with fireplaces (non-working) and balconies, while the lower level is designed for accessibility, complete with a wheelchair ramp and three handicap apartments. A mix of 51 two-bedroom units generating rental income and a three-bedroom manager's unit, alongside a well-maintained infrastructure with a recent roof, freshly painted exterior, and added vinyl siding, this property is ready to shine. Additional perks include a manager's office, an attached workshop, and two sheds for lawn and snow maintenance equipment. Seize this exceptional opportunity and elevate your investment portfolio today!
Highlights
Summary
- MLS Number: 50162352
- MLS Name: Upper Peninsula Assoc of Realtors
- Office Name: SELECT REALTY
- Office Phone: (906) 228-2772
- Office Email: select@selectmqt.com
- Listing Agent: SHERRY MCCARTHY
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.
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The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
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Last updated on: 2/5/2025, 1:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$6,000,000
1950 Presque Isle Ave
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,196,600 | $41,154 |
| 2023 | $1,036,200 | $- |
| 2022 | $854,600 | $38,204 |
| 2021 | $847,000 | $35,324 |
| 2020 | $854,600 | $35,486 |
| 2019 | $643,500 | $1,532 |
| 2018 | $695,500 | $33,986 |
| 2017 | $663,700 | $33,866 |
History based on county public records data.
Nearby schools
7
Graveraet Elementary School
Public District KG-5
1.1 mi
•611 N Front St
8
Sandy Knoll School
Public District PK-5
1.2 mi
•401 N 6th St
6
Superior Hills Elementary School
Public District PK-5
2.4 mi
•1201 S McClellan Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $20,708. The most common annual income of people living in Marquette, MI is less than $<35k. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
NBA/WNBA
Pro Wrestling
Soccer
Where do the neighbors shop?
Express/Express For Men
Burlington
Forever 21
Where do the neighbors go to eat?
Starbucks
Cicis Pizza
Dominos Pizza
What do the neighbors drive?
Pontiac
Mazda
Buick
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Jazz
This home is located at 1950 Presque Isle Ave in Marquette, MI and zip code 49855. This 51,408 square foot home, which was built in 1977, sits on a 1.61 acre lot. Features: 105 bedrooms, 52 bathrooms. It has been listed on Rocket Homes since December 4, 2024 and is currently priced at $6,000,000.
In January 2025 more than 3 listings in Marquette, MI were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 8 were sold below. Between December and January 2025, Marquette, MI real estate market has seen increase in the number of listings by 6.3%. In January 2025, listings were on the market for 55 days. During the same period, the median list price in this real estate market was $392,000.