1091 US-2 St. Ignace, MI 49781
This 10 unit apartment complex overlooks the Straits of Mackinac and is 2 miles west of downtown St. Ignace. Included in the sale duplex with 2 units (generating $1650month) 8 efficiency apartments (projected rent of $680unitmonth - $5440month) extra 1.5 acre parcel with panoramic views of the Straits Mackinac Bridge. Projected net income from the 10 units is $67000yr or a cap rate of nearly 17%. Incredible income property investment opportunity in an area thats in need of affordable housing.
5,600 SqFt | 10 Beds | 10 Baths | MLS# 453745