$215,000
$259,000
17.0%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
1.01 Acres Lot
SOLD DATE : 10/31/2022
Key Details
Sold Price $215,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 67022026614
Sold Date 10/31/22
Bedrooms 4
Originating Board Mason Oceana Manistee Board of REALTORS®
Year Built 1940
Annual Tax Amount $4,000
Lot Size 1.010 Acres
Acres 1.01
Lot Dimensions 125x200xx180x65x55x136
Property Description
Great Investment Property in the quaint N. Michigan town of Bear Lake. This property sits 2 blocks from the lake & 4 blocks to public access of the sandy bottom Bear Lake. Rentals in this area are few & this 4 apartment building with garages & on-site laundry is a rare find. All apartment interiors are the same. One apartment seller has just done some renovations & left vacant for showings. There are newer appliances in the units & a new coin laundry in basement of the garage. Apartments are 750 sq ft with 2 bedrooms & either a patio or a deck.The current renters all want to remain & rents go to $725-$765 in July. Seller pays utilities. Seller is getting an estimate on splitting the electric services. 6 stall garage & extra lot complete the property.
Location
State MI
County Manistee
Area Bear Lake Vlg
Direction U.S. 31 to Bear Lake follow through town to Smith St.Turn South on Smith to corner of Smith & Main
Interior
Interior Features Laundry Facility, Cable Available
Heating Baseboard, Hot Water
Heat Source Natural Gas
Laundry 1
Exterior
Garage Spaces 6.0
Pool No
Roof Type Composition
Road Frontage Paved
Building
Foundation Slab
Sewer Septic Tank (Existing)
Water Water at Street, Well (Existing)
Structure Type Other
Schools
School District Bear Lake
Others
Pets Allowed Yes
Tax ID 3222171813
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
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