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5098 Main Street Onekama, MI 49675-9803
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Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70193892
Sold Date 09/08/21
Year Built 1969
Annual Tax Amount $5,018
Tax Year 2021
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 103.9 x 129.3 x 113.9 x 1
Property Description
8-Unit Apartment Building in the Village of Onekama (on M-22), with views of PORTAGE LAKE from some units. Six apartments are 2-BR; two are 1-BR. Electric heat throughout; each unit has their own electrical box, each tenant pays their own electric bill. Garbage, snowplowing and parking are included in rent. There are two sets of stairs, one at either end, to the 2nd floor. Full basement. Ample unpaved parking in the back. One coin-operated washer and dryer on the main flr; the water heater and dryer are gas. The manager lives in a 2-BR. The building is hooked up with Spectrum cable. Two signed yrly leases; others are month-to-month. Current rental income is approx. $34,680/yr but could be converted to vacation rentals. Peaked roof was new in 2002; part is flat. Land contract available.
Location
State MI
County Manistee
Area Onekama (51022)
Zoning Commercial,Residential
Interior
Interior Features Cable/Internet Avail.
Heating Baseboard
Exterior
Exterior Feature Wood
Amenities Available Laundry Facility
Building
Lot Description Sidewalks
Foundation Basement, Crawl
Structure Type Wood
Schools
School District Onekama Consolidated Schools
Others
Energy Description Electric
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional,Land Contract
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Bought with LIGHTHOUSE REALTY-Ludington