1 month on rocket

602 S 8th St, Escanaba, MI, 49829

$83,000

Home List Price

$986*

Closing Credit

5 Bedrooms
3 Full Baths, 1 Partial
2,053 SqFt
$40/SqFt
Multi

Location

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602 S 8th St, Escanaba$83,000

Buyer Closing Credits

$986*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingGarage
Garage1 space
Year Built1896
HeatingHot Water, Space Heater(s)
CoolingNone
BasementYes
WaterfrontNone
FireplaceLivRoom Fireplace, Wood Burning
ViewNone
MLS #50157027
Lot Size0.22 Acres
StatusActive

About 602 S 8th St

Investment Opportunity with Great Cash Flow in Southside Escanaba! This versatile property offers excellent cash flow for an investor or the potential to be converted back into a single-family home. Located in Southside Escanaba, it's within walking distance of Ludington Park and Escanaba Beach. Upon entry, you’ll find a large enclosed sunporch. The main floor apartment features a living room with a fireplace, a dining room, 1 bedroom, a 3/4 bath, a kitchen, and access to the basement with a laundry area. Original hardwood floors and woodwork can be found throughout. The upstairs apartment has 2 bedrooms, a living room, kitchen, 3/4 bath, a storage room, and access to a back fire escape. Additionally, there's a cozy studio located at the back of the building with an open living space, sleeping area, kitchen, and 3/4 bath. It also includes closet space and a wall heater. Two units are currently vacant, with potential rents of $600-$700 each, while the studio is already rented for $500.00 per month (utilities included). The property is equipped with 1 water meter, 2 electric meters, and 2 gas meters, making it a great investment opportunity. Schedule your showing today!

Property Details

Property Features

Property Information:

  • Year Built: 1896
  • Stories: 2
  • Living Area: 2,053 SqFt

Listing Office:

  • Office Name: KEY REALTY DELTA COUNTY LLC
  • Office Phone: (906) 233-7455
  • Listing Agent: TAMMY GARLING

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Hardwood Floors
  • Fireplace: LivRoom Fireplace, Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Waterfront: None
  • View: None
  • Exterior: Porch

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Garage

Lot Features

Lot Information:

  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Hot Water, Space Heater(s)
  • Cooling: None

School Info

School District Information:

  • School District: Escanaba Area Public Schools

Other

Directions Information:

  • Directions: City of Escanaba

Price Information

Listing Price Info

Price Summary:

  • List Price: $83,000
  • Price Per SqFt: $40/SqFt
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Housing Market Comparison

See how this home compares to others in Escanaba, MI.

Med. Sold Price

$145K

Med. Price/SqFt

$111

Avg. Days On Market

35

# of Sold Homes

15

602 S 8th St vs Escanaba

36 DAYS ON ROCKET

+1 Day

$83,000

-$62K Less

$40/SqFt

-$72 Less

KEY TAKEAWAY

This property is $62K less than the Median Sold Price and $72/SqFt less than other homes in Escanaba, MI.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Name: Upper Peninsula Assoc of Realtors
  • MLS Number: #50157027

Listing Office:

  • Office Name: KEY REALTY DELTA COUNTY LLC
  • Office Phone: (906) 233-7455
  • Listing Agent: TAMMY GARLING

IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.

Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/8/2024, 4:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021 - $43,800
2020 - $43,900
2019 - $40,500
2018 - $37,600
2017 - $37,161

History based on county public records data.

Payment Calculator

$482

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$315

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-368340
5
/10
  • Escanaba Upper Elementary School

  • 1500 Ludington St

  • 0.72 miles

  • Public District Grades 3-5

school-card-donut-368341
5
/10
  • James T Jones Elementary School

  • 400 S 10th St

  • 7.35 miles

  • Public District Grades 3-5

school-card-donut-368342
7
/10
  • Bark Riverharris Elementary School

  • Hwy US 2 41

  • 14.08 miles

  • Public District Grades PK-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,397. Most Escanaba, MI residents have annual incomes less than $35k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas


Rocket HomesMichiganDelta CountyEscanaba49829602 S 8th St

This home is located at 602 S 8th St in Escanaba, MI and zip code 49829. This 2,053 square foot home, which was built in 1896, sits on a 0.22 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 02, 2024 and is currently priced at $83,000.

Over 5 listings were sold over their listed price in October 2024 in Escanaba, MI. In the same period over 3 listings were sold below the listed price and 7 listings were sold for the listed price. Between September 2024 and October 2024, Escanaba, MI real estate market has seen increase in the number of listings by 14.3%. In October 2024, listings were on the market for 35 days. During the same period, the median list price in this real estate market was $145,000.

From Rocket Homes Real Estate and based on county public records data.

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