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12346 Smith Street

Bear Lake, MI 49614
  • $259,000
  • STATUS: Active Under Contract
  • ON SITE: 89 Days
  • MLS #: 22026614
Under Contract
UPDATED: 9 min ago
$259,000
  • 9
    BEDS
  • 1.01
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1940
County:

School Ratings & Info

School District:

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.

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© 2022 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2022-09-26T17:03:33.127.
www.debstevenson.com/homes/130357408
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12346 Smith Street Bear Lake, MI 49614

  • Price: $259,000
  • Status: Active Under Contract
  • On Site: 89 Days
  • Updated: 9 min ago
  • MLS #: 22026614
9
Beds
4
Baths
0
½ Baths
1.01
Acres
1940
Built
Neighborhood:
Bear Lake Vlg
County:
Manistee
Area:
Arcadia Pleasanton Onekama Br Lk
School District:
Bear Lake
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.
Exterior Features

Driveway Unpaved Exterior Material Other Lot Description Corner LotWooded Lot Dimensions 125X200xx180x65x55x136 Number Of Buildings 2.00 Parking Spaces 6.0000 Road Frontage 327.00 Roofing Composition Street Type PavedPublic Substructure Slab Water Features Public Access 1 Mile Or Less Waterfront No

Interior Features

Air Conditioning Window Unit(S) Basement No Extras GaragesLaundry Facility Heat Source Natural Gas Heat Type BaseboardHot Water Sq Ft Unit1 750.00 Sq Ft Unit2 750.00 Sq Ft Unit3 750.00 Sq Ft Unit4 750.00 Unit1 Full Baths 1 Unit1 Half Baths 0 Unit2 Full Baths 1 Unit2 Half Baths 0 Unit3 Full Baths 1 Unit3 Half Baths 0 Unit4 Full Baths 1 Unit4 Half Baths 0

Property Features

Annual Property Tax 4000.00 Association Mason Oceana Manistee Association Of Realtors Auction Or For Sale For Sale Homestead Percentage 0.00 Mineral Rights Unknown Multifamily Type 2 To 4 Units New Construction No Owner Pays ElectricityGasTrash Collection Possession Subject To Tenant Rights Rent Unit1 765.00 Rent Unit2 725.00 Rent Unit4 765.00 Sale Conditions None Sewer Septic System Tax Year 2021 Tenant Pays None Terms Available CashConventionalFhaMshdaVa Loan Unit1 GarageRange OvenRefrigerator Unit2 Deck/PatioRange/OvenRefrigerator Unit3 Deck/Patio Unit4 Deck/PatioRange/OvenRefrigerator Util Avl At Street CableElectricNatural GasPublic WaterTelephone Line Utilities Attached CableElectricNatural Gas Water Well

Listing provided courtesy of Virginia Pelton of Century 21 Northland: . © 2022 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2022 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2022-09-26T17:03:33.127.
 
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Deb Stevenson Group - Greenridge Realty
300 S Rath
Ludington MI, 49431