8196 US2 Hwy Rapid River, MI 49878
Property details
About 8196 US2 Hwy
Welcome 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.
Highlights
Summary
- MLS Number: 50166957
- MLS Name: Upper Peninsula Assoc of Realtors
- Office Name: KEY REALTY DELTA COUNTY LLC
- Office Phone: (906) 233-7455
- Office Email: jamie@keyrealtydeltacounty.com
- Listing Agent: TAMMY GARLING
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: 2/22/2025, 8:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$269,900
8196 US2 Hwy
$3,205
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
5
James T Jones Elementary School
Public District 3-5
6.5 mi
•400 S 10th St
5
Escanaba Upper Elementary School
Public District 3-5
13.4 mi
•1500 Ludington St
7
Bark Riverharris Elementary School
Public District PK-6
24.5 mi
•Hwy US 2 41
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 $51,537. Typical income of Rapid River, MI residents is between $35k-100k annually. Typical family type is single, no kids. 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?
Figure Skating
NASCAR
Hunting
Where do the neighbors shop?
Dollar General
Bass Pro Shops
Wal-Mart
Where do the neighbors go to eat?
Applebees
Hardee's
Jimmy Johns
What do the neighbors drive?
Cadillac
GMC
Ram
What do the neighbors listen to?
Classic Country
New Country
Oldies
This home is located at 8196 US2 Hwy in Rapid River, MI and zip code 49878. This 2,456 square foot home, which was built in 1970, sits on a 0.50 acre lot. Features: 7 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since February 20, 2025 and is currently priced at $269,900.
While more than 0 listings in Rapid River, MI in January 2025 were sold above asking price, there were more than 0 listings sold at asking price, and more than 3 were sold below. The number of homes for sale in Rapid River, MI decreased by 10.5% between December and January 2025. In January 2025, listings were on the market for 67 days. During the same period, the median list price in this real estate market was $192,500.