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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Sault Sainte Marie, MI
$ 225,000
ROI
25.4
Cash Flow/m
355- 4 Bed
- 3 Bath
- - sft
1100 Washington Way, Sault Sainte Marie, MI, 49783
$ 119,900
ROI
33.5Cash Flow/m
460- 4 Bed
- 1 Bath
- 2526 sft
337 E Portage Ave, Sault Sainte Marie, MI, 49783
$ 145,900
ROI
33.7Cash Flow/m
568- 3 Bed
- 2 Bath
- 1688 sft
612 Johnston St, Sault Sainte Marie, MI, 49783
$ 100,000
ROI
32.3Cash Flow/m
348- 5 Bed
- 4 Bath
- 1722 sft
912 Bingham Ave, Sault Sainte Marie, MI, 49783
Why Invest in Sault Sainte Marie, Michigan?
Investing in multi-family properties in Sault Sainte Marie, MI offers solid opportunities with strong rental demand and steady cash flow. The area boasts an average ROI around 7%, rental yield near 6.5%, and cap rates approximately 6%, reflecting healthy returns for investors. Average rents of about $900 per unit combined with a renter-occupied rate above 70% show consistent tenant occupancy. With appreciation rates steady at roughly 2.5%, multi-family investments here provide both income and growth potential.
7%
Avg. ROI
6.5%
Rental Yield
6%
Cap Rate
$650/mo
Avg. Cash Flow
$900/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield for multi-family properties in Sault Sainte Marie is approximately 6.5%, indicating strong rental income relative to property value.
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