Check out this great investment opportunity in the City of Escanaba! This property features two homes on a single lot. The main house has two bedrooms, one bathroom, a kitchen, dining area, and living room, all on one level for convenience. It also includes a full basement, with possible additional living and storage space. The second home is a one-bedroom, one-bath unit with a living room, dining area, and kitchen. The bedroom is upstairs, along with two additional rooms that can be used for storage, a bonus room, or whatever you desire. This unit also has a partial basement for extra storage and is currently rented, providing income. Additionally, there's a detached garage for added storage. With a location close to city amenities, this property is ideal for investors looking for flexible options with income potential.
Large triplex, in a fantastic location! This home features one, large lower unit with three bedrooms (one is non-conforming as it does not have a closet), living room, dining room, kitchen, and a large full bathroom. This unit has stunning woodwork throughout as well as a lot of recent updates. The two upper units are one bedroom, one-bathroom units. The front upper unit has recently been remodeled. There is access to tons of storage in the basement as well as shared laundry for tenants. The basement is dry and has two finished rooms (no egress windows). The roof will be replaced soon!
A fantastic investment opportunity or live-in rental option! This well maintained duplex offer two separate units, each with its own utilities and both have separated basement storage. The lower unit is vacant with 3 bedroom, 1 bath, with hardwood floors, very spacious with a one car garage and full basement. The upper is currently rented for $550.00. It is a 3 bedroom, 1 bath bright and spacious with a private deck ideal for morning coffee. Seller is related to the listing agent.
Investment Opportunity with Great Cash Flow in Southside Escanaba! This versatile property offers excellent cash flow for an investor or the potential to be converted back into a single-family home. Located in Southside Escanaba, it's within walking distance of Ludington Park and Escanaba Beach. Upon entry, youâ??ll find a large enclosed sunporch. The main floor apartment features a living room with a fireplace, a dining room, 1 bedroom, a 3/4 bath, a kitchen, and access to the basement with a laundry area. Original hardwood floors and woodwork can be found throughout. The upstairs apartment has 2 bedrooms, a living room, kitchen, 3/4 bath, a storage room, and access to a back fire escape. Additionally, there's a cozy studio located at the back of the building with an open living space, sleeping area, kitchen, and 3/4 bath. It also includes closet space and a wall heater. Two units are currently vacant, with potential rents of $600-$700 each, while the studio is already rented for $500.00 per month (utilities included). The property is equipped with 1 water meter, 2 electric meters, and 2 gas meters, making it a great investment opportunity. Schedule your showing today!
This duplex on the Southside of Escanaba offers great investment potential. The main floor unit features 2 bedrooms, 1 bath, a laundry room, and a bonus mud/storage room. The upstairs unit also has 2 bedrooms, 1 bath, plus an extra space for storage or a home office. Both units have tenants who pay their own heat and electric, while the seller covers the water. Additional features include a New Boiler, front porch, fenced yard and a 2-car garage. Donâ??t miss this chance to own a versatile property with income potential!
This multi-family property offers two separate houses on one lot, presenting a great investment opportunity! Both homes come with chain link fenced-in yards, providing privacy and outdoor space for tenants and including separate off street parking areas. Each tenant pays their own utilities, simplifying management. The home in front has a metal roof and the upstairs has potential to be turned into a 3rd rental unit. Both houses have a full basement with laundry hook ups. The property is ideally located near schools and just a short distance from the bustling downtown area, making it convenient for shopping, dining, and entertainment. Whether you're looking for a long-term investment or live in one & rent the other, this property has the potential to deliver strong returns. Donâ??t miss out on this opportunity, schedule a showing today!
Investment Opportunity in Prime Location! Attention investors! Hereâ??s a fantastic chance to secure a steady income with a long-term tenant in place. The storefront has been rented for 32 years on a month-to-month basis and offers reception area, offices, bathroom, and basement access for storage. Storefront tenants pay their own utilities. Additionally, the 2 upstairs apartments each feature a living room, kitchen, two bedrooms, a full bath, separate entrances, and laundry facilities. The upper front apartment has been renovated and available for rent starting 11/1/24. Ample parking is available in the rear. New Roof in 2021. New Windows and Door on Facade in 2022. Also listed under MLS #50148780. Donâ??t miss out on this lucrative investment opportunity! Building being sold "AS-IS".
The median home value in Escanaba, MI is $160,000. This is higher than the county median home value of $131,500. The national median home value is $338,100. The average price of homes sold in Escanaba, MI is $160,000. Approximately 53.97% of Escanaba homes are owned, compared to 33.99% rented, while 12.04% are vacant. Escanaba real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Escanaba real estate agent to arrange a tour today!
Escanaba, Michigan has a population of 12,439. Escanaba is less family-centric than the surrounding county with 22.26% of the households containing married families with children. The county average for households married with children is 23.81%.
The median household income in Escanaba, Michigan is $36,173. The median household income for the surrounding county is $51,117 compared to the national median of $69,021. The median age of people living in Escanaba is 43 years.
The average high temperature in July is 76.9 degrees, with an average low temperature in January of 8.6 degrees. The average rainfall is approximately 29.4 inches per year, with 52.3 inches of snow per year.