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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Munising, MI
Rental Income
$ 125,000
ROI
33.1
Cash Flow/m
464- 4 Bed
- 2 Bath
- 1662 sft
115 Chestnut St, Munising, MI, 49862
Rental Income
$ 149,900
ROI
21.2Cash Flow/m
61- 4 Bed
- 2 Bath
- 1662 sft
115 Chestnut St #1/2, Munising, MI, 49862
or
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Why Invest in Munising, Michigan?
Investing in multi-family properties in Munising, MI offers a unique opportunity to tap into a growing rental market in a scenic location. With a cap rate averaging around 7% and rental yields near 8%, investors can expect steady cash flows and competitive returns. Munising's average ROI for multi-family units stands at approximately 9%, supported by a renter-occupied rate exceeding 60%. Appreciation in this market is moderate, near 3% annually, reflecting steady demand and limited supply.
9%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$850/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average cap rate for multi-family properties in Munising is around 7%, offering competitive returns for investors.
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