$304,000
$329,000
7.6%For more information regarding the value of a property, please contact us for a free consultation.
4880 Main Street Onekama, MI 49675
0.51 Acres Lot
Key Details
Sold Price $304,000
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Municipality Onekama Vlg
MLS Listing ID 21095340
Sold Date 08/20/21
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1900
Annual Tax Amount $3,310
Tax Year 2021
Lot Size 0.510 Acres
Acres 0.51
Lot Dimensions 11 x 125 & 70 x 110
Property Sub-Type 5+ Units
Property Description
Apartment complex right in the Village of Onekama and located just a short walk to the Village park on Portage Lake. Four active units with potential for a fifth unit. Current tenants are long term and have lived in the units from between 3 to 14 years making for a secure and reliable income. Included in the sale is a detached garage behind the building which has a separate tax id number. Gross income is almost $30,000 per year with the four units, finish off the fifth unit and increase your income by almost $10,000 per year. This is a great investment with significant upside. Total above grade area is 4170 sq ft and the garage is 24 x 64
Location
State MI
County Manistee
Area Masonoceanamanistee - O
Direction The corner of Mill Street and Main Street within the Village of Onekama.
Rooms
Basement Crawl Space
Interior
Heating Forced Air, Natural Gas
Fireplaces Number 2
Exterior
View Y/N No
Roof Type Composition
Total Parking Spaces 5
Building
Lot Description Corner Lot
Sewer Public Sewer
Structure Type Vinyl Siding
New Construction No
Schools
School District Onekama
Others
Tax ID 514105001900
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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