Under $200K Investment Properties for Sale in Grand Marais, MI
165- 1 Bed
- 1 Bath
- 680 sft
27- 1 Bed
- - Bath
- 576 sft
182- 2 Bed
- 1 Bath
- 862 sft
111- 2 Bed
- 1 Bath
- - sft
92- 2 Bed
- 1 Bath
- 1045 sft
114- 4 Bed
- 2 Bath
- 825 sft
103- 2 Bed
- 1 Bath
- 924 sft
- 3 Bed
- 2 Bath
- 1600 sft
137- 2 Bed
- 1 Bath
- 666 sft
122- 3 Bed
- 1 Bath
- 1800 sft
144- 3 Bed
- 1 Bath
- 1344 sft
94- 3 Bed
- 1 Bath
- 1010 sft
109- - Bed
- - Bath
- - sft
131- 3 Bed
- 3 Bath
- 1023 sft
108- 2 Bed
- 1 Bath
- 720 sft
127- 6 Bed
- 2 Bath
- 2388 sft
- 2 Bed
- 2 Bath
- 930 sft
109- 3 Bed
- 2 Bath
- 1296 sft
143- 3 Bed
- 1 Bath
- 1000 sft
145- 2 Bed
- 1 Bath
- 720 sft
128- 3 Bed
- 1 Bath
- 1485 sft
141- 2 Bed
- 1 Bath
- 1080 sft
- 3 Bed
- 2 Bath
- 1244 sft
129- 2 Bed
- 1 Bath
- 1320 sft
140- 2 Bed
- 1 Bath
- 804 sft
141- 3 Bed
- 1 Bath
- 1208 sft
91- 2 Bed
- 1 Bath
- 778 sft
Why Invest in Grand Marais, Michigan?
Investing in Grand Marais, MI properties under $200k offers a unique opportunity to enter a growing market with stable rental demand. This city boasts an average ROI of 7.2% and a rental yield of 6.5%, making it attractive for investors seeking steady cash flow. The cap rate sits around 6.8%, with average monthly rents providing solid income potential. Appreciation rates are moderate but positive, reflecting steady real estate growth. Renter occupancy remains strong, indicating a healthy investor environment.
Frequently Asked Questions
Properties under $200K in Grand Marais mostly include single-family homes, small multi-family units, and condominiums. These are ideal for investors looking for affordable entry points with good rental potential.
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