111 Richmond Road $83,500

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    111 Richmond Road Palmer, MI 49871

    • 3 Beds
    • 2 Baths
    • 1,194 sq. ft.
    • Multi-Family
    • MLS# 50110569
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    Views: 121 Days On Site: 336

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    Property Details

    Great investment opportunity! This duplex brings in just over $1,400/month. Landlord pays all utilities. The lower unit features 2 bedrooms and 1 bath. The upper unit has 1 bedroom and 1 bath. There are separate gas meters and 2 hot water heaters. The range/ovens & refrigerators are owned by the landlord. There is a 3-car stall barn and a large private lot.

    • General Features
      • Acreage 0.18
      • Area Municipality Richmond Twp (52026)
      • Bedrooms 3
      • County Marquette
      • Originating MLS Upper Peninsula Assoc of Realtors
      • Ownership Private
      • Structure Style 2 Story
      • Subdivision Plat Of Palmer
      • Waterfront Y/N No
      • Year Built 1930
      • ZONING Residential
    • Building Features
      • Appliances Range/Oven, Refrigerator
      • Basement Type Full, Walk Out
      • Cooling System None
      • DINING KITCHEN Eat-In Kitchen
      • Exterior Construction Vinyl Siding
      • FUEL TYPE Natural Gas
      • Foundation Type Basement
      • Heating System Forced Air, Radiant
    • Property Features
      • LOT DESCRIPTION Large Lot - 65+ Ft.
      • Sewer Septic Public Sanitary
      • Roads City/County
      • Lot Size 100x76x104x73
      • PARKING 2 Spaces
      • Water Features None
      • Water Public Water
    • Schools
      • School District Negaunee Public Schools

    Contact

    Fran Sevegney

    Fran Sevegney

    Broker/Owner

    RE/MAX 1st Realty

    Direct: 906-869-7465
    Supporting Childrens Miracle Network

    Neighborhood

    49871 (Palmer) Demographics

    48 Median Age
    38 Population Density (per sq. mile)
    12% College Educated
    $49,444 Estimated Median Income
    162 Estimated Total Home Owners
    38 Estimated Total Renters
    81% / 19% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    536 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

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    0 Homes Sold
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      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $83,500
        1/29/2024 10:21:04 AM Price Increased Source: Multiple Listing Service New Value: $83,500 13.61%
        5/31/2023 9:06:00 AM New in Database Source: Multiple Listing Service New Value: $73,500

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        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.