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Local Investment Shop Sells Apartment Portfolio in Marquette, Michigan

Out-of-State Investor Buys Northwoods, Ridgeview Apartments for $12.8 Million
The 69-unit Ridgeview Apartments in Marquette, Michigan. (CoStar)
The 69-unit Ridgeview Apartments in Marquette, Michigan. (CoStar)
By Douglas Tice
CoStar Research
March 11, 2020 | 4:44 P.M.

Local investment shop Schramm's Superior Properties has sold a two-property apartment portfolio totaling 117 units in Marquette, Michigan, to an out-of-state investor for $12.75 million, or about $109,000 per unit.

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