3419 Cleveland Ave, Marinette WI 54143-3730 $2,650,000

3419 Cleveland Ave, Marinette 48 Units $2,650,000 Active

  • Multi-Family
  • Status: Active
  • Total Number of Units: 48
  • Est. Year Built: 1981
  • Est. Acreage: 2.97
  • School District: Marinette
  • High School: Marinette
  • County: Marinette
  • Property Taxes: $21,375
  • Property Tax Year: 2019
  • Postal Municipality: Marinette
  • MLS#: 1687528
  • Listing Company: Encore Real Estate Brokerage

3419 Cleveland Ave, Marinette, WI 54143-3730 - This large Section 8 multi-family property includes tremendous income potential! Current HAP contract results in an outstanding cap rate of 8.25%. Please contact brokers for details regarding the HAP & LURA contracts.Marinette Woods Apartments is located in an area which includes an estimated population of 18,024 within a 5-mile radius and 25,968 within a 10-mile radius. The property is situated less than a half mile from a major commercial corridor which provides significant employment opportunities for residents. The property consists of 2 buildings which are located on a 2.97-acre site. They contain a mix of 2 BR/1 BA (50%) and 3 BR/2 BA units (50%). The floorplans are large and attractively designed.

Additional Features
  • None
  • Heating/Cooling: Electric
  • Water Waste: Municipal Sewer, Municipal Water
  • Apartment Building
  • Roof: Composition
  • Waterfront/Access: N
  • Lot Size: Irregular
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1687528 Active May 5 2020 3:25PM $2,650,000 327

Estimated Monthly Payment

$3,287 per month
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The information which is contained on pages with property data is obtained from a number of different sources and which has not been independently verified or confirmed by the various real estate brokers and agents who have been and are involved in this transaction. If any particular measurement or data element is important or material to buyer, Buyer assumes all responsibility and liability to research, verify and confirm said data element and measurement. Shorewest Realtors is not making any warranties or representations concerning any of these properties. Shorewest Realtors shall not be held responsible for any discrepancy and will not be liable for any damages of any kind arising from the use of this site.
REALTOR *MLS* Equal Housing Opportunity

Rates and fees are subject to adjustments based on your credit score and the loan-to-value ratio. Rates and fees are also subject to change without notice. Other rates and loan programs are available.
All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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