$394,500

Investment Opportunity on College Avenue, Houghton! Conveniently located just a few blocks from Michigan Technological University’s campus, this property is licensed with the City of Houghton for 8 occupants with a great rental history. The home offers 5 to 6 bedrooms and 2 bathrooms. The main level features an eat-in kitchen, living room, one bedroom, 3/4 bathroom, laundry area, enclosed front porch, and enclosed back entry. Upstairs, there are 3 bedrooms and a 3/4 bathroom. The third floor includes one private bedroom and a walk-through room that could serve as a potential 6th bedroom. Original wood floors and woodwork in select areas add charm and character. The property also has frontage on Ruby St. behind the home, where there is a parking area and one-car garage, providing parking for up to 3 cars depending on vehicle size. Notable updates include blown-in wall insulation, a metal roof, and some newer windows on the 2nd and 3rd floors. The property is leased through May 1st, 2027, and leases must transfer at closing. A prequalification letter and non-disclosure agreement are required to review financials and leases. Licensed with the City of Houghton for 8 unrelated. ----- NOTICE: Information is believed accurate but not guaranteed. Buyers must inspect & verify all property details. Buyers accept all risks of inaccuracies, including but not limited to, acreage, lot size/location, square footage, & utility availability/costs. Real estate taxes will be reassessed & may change significantly after sale; do not assume your tax bills will match the seller’s. Taxes are not zero. GIS, apps and plat book pages/maps are not surveys. Audio/video recording may occur on the property; entry implies consent to recording. Buyer pre-approval or proof of funds documentation to be provided upon request. ---- OFFERS: Please allow 72 hours for a response. Seller may set or change offer deadlines at any time with or without notice.