$550,000
$550,000
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5098 Main Street Onekama, MI 49675
8,276 Sqft Lot
Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Municipality Onekama Vlg
MLS Listing ID 21019180
Sold Date 09/08/21
Originating Board Michigan Regional Information Center (MichRIC)
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 132.1
Property Sub-Type 5+ Units
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 Masonoceanamanistee - O
Direction North side of Portage Lake on M-22, just south of the Onekama High School.
Body of Water Portage Lake
Rooms
Basement Crawl Space, Partial
Interior
Heating Baseboard, Electric
Fireplaces Number 1
Exterior
Community Features Lake
Utilities Available Phone Available, Natural Gas Available, Electric Available, Natural Gas Connected, Electric Connected, Cable Connected
View Y/N No
Roof Type Composition,Rubber
Street Surface Paved
Total Parking Spaces 10
Building
Lot Description Sidewalk
Sewer Public Sewer
Structure Type Wood Siding,Shingle Siding
New Construction No
Schools
School District Onekama
Others
Tax ID 41-150-009-00
Acceptable Financing Cash, Conventional, Contract
Listing Terms Cash, Conventional, Contract
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