$325,000 Price Analysis   ♡   Hancock, MI 49930 5 bed 4 bath 3,200 SqFt ($101/SqFt) 5,227SqFt lot. Built 1900 Listed 2024-04-12 | ✓ USDA Eligible near Hancock, MI Restrictions may apply due to home size |
With the lack of available homes for sale
This 4-unit, brick apartment building, located one block from downtown Hancock, is a perfect solution. Configure these units to your liking. Keep ll 4 as income generators or live in 1 and rent the other 3. Or you could live in of the building, have 2 floors to yourself and rent the 2 apartments on the other side. Well-maintained. Many newer windows. Some hard wood floors. Each apartment has 1 or2 bedrooms and either a bath with a shower or a full bath. Nice kitchens. Basement is accessed from a back door. The rental amounts in place are not at current market rates. Brand new owner may increase the rents as they see fit once leases expire. Current owner pays for heat and water and for electricity in the common areas.
Parking is located in the alley to the left of the building. Most tenants use the City of Hancock public parking lot located a few steps east of the apartment building. Summer months are free to park. Winter parking pass costs $120. (The lot to the right of the building is not included). This location is convenient to downtown, shopping and restaurants. 10-minute drive to Michigan Tech. Showings for qualified buyers with pre-approvalletters or proof of funds only. Seller reserves the right to leave any contents in the building. Back porch may need work. This information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage, lot size/dimensions and age are approximate. Buyer must verify the information and bears all risk for inaccuracies. Taxes will change with the sale.
Presented by Gretchen Janssen at
Re/Max Douglass R.E.-H.
Property MLS #50138569 from UpperPeninsula
Bedroom 1 Dimensions: 12 x 12
Bedroom 2 Dimensions: 12 x 12
Bedroom 3 Dimensions: 7 x 14
Bedroom 4 Dimensions: 14 x 11
Bedroom 5 Dimensions: 14 x 11
Bedroom 1 Level: Main
Bedroom 2 Level: Main
Bedroom 3 Level: Main
Bedroom 4 Level: Second
Bedroom 5 Level: Second
Hardwood Floors
Range/Oven
Refrigerator
Bathroom 1 Level: Lower
Bathroom 2 Level: Lower
Bathroom 3 Level: Upper
Bathroom 4 Level: Upper
Heating Fuel: Natural Gas
Water Heaters: Gas
Frontage Length: 50
Frontage Type: Road
Roads: City/County, Paved Street, Year Round
Lot Size Dimensions: 50 x 115 x 50 110
Lot Size Square Feet: 5227
Association Fee Includes: Gas Included, Taxes, Water, Sewer
Map directions Map directions Map directionsSource Listing Status: Active
Directions: Cross the bridge, proceed to downtown Hancock. (R) on Tezcuco St., (L) on E Franklin, building on (L).
Tax Year: 2023
Ownership: Private
Source Property Type: Single Family
Area: Hancock (31013)
Zoning Description: Commercial
Source System Name: C2C
$325,000
UpperPeninsula
Listed 2024-04-12
$325,000
UpperPeninsula
Building Exterior Type: Brick
Other Buildings: Shed
Foundation Details: Basement
Property Age: 124
Structure Type: 1 to 4 Units
House Style: 2 Story
Total Above Grade Sqft Area: 3200
Total Area Sqft: 3200
Total Below Grade Area: 1600
Cable Connected
Electricity Connected
Natural Gas Connected
Phone Available
Sewer Connected
Hard Line Internet
Internet Spectrum
Water Source: Public Water
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.