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$199,000   Price Analysis
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19865 First St
Lake Ann, MI 49650
14 bed 7 bath 784 SqFt ($253/SqFt)
1.62 acre lot. Built 1989
Listed 2024-05-16, Taxes $364
USDA Eligible
near Lake Ann, MI
 

Welcome to Lake Ann Village

* No Longer For Sale *
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Where the charm of countryside living meets convenience! Nestled a quarter-mile away from the local pub, restaurant, store, park and beach park, these four 1989 single-wide mobile homes offer a rare opportunity for investment or a picturesque getaway. Each unit features 2 bedrooms, 1 bath and 784 square feet of cozy living space. With handyman potential, these properties provide a canvas for your personal touch and vision. Whether you're looking to renovat for a comfortable retreat or capitalize on the investment potential, these homes offer limitless possibilities.

Situated on four separate lots, each with its own unique countryside view, these properties provide privacy and tranquility. Thre e of the homes currently boast monthly tenants, providing immediate income potential for savvy investors. Whether you're dreaming of a serene weekend escape or seeking to expand your investment portfolio, don't miss out on the opportunity to own a piece of Lake Ann Village. Embrace the beauty of rural living while enjoying the convenience of nearby amenities. Explore the potential of these homes today and seize the opportunity for a rewarding investment or personal retreat. Prepare to put on your work boots and gloves.


Presented by Michele Sharp at
Berkshire Hathaway Homeservices Michigan Real Estate - Traverse City.
Listing Agent Photo

Property MLS #1922370 from NGLRMLS

Bedrooms: 14

Fixer-Upper

Refrigerator
Propane Water Heater

Full Bathrooms: 7

Heating Fuel: Propane Gas
Forced Air

Basement Description: Crawl Space, Block, Unfinished

Deck
Countryside View
Roads: Public Maintained, Blacktop

Lot Size Acres: 1.62
Lot Size Dimensions: Apx 500 X 200
Lot Size Square Feet: 70567

Number of Units In Community: 4
Number of Units: 4
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Unit-1 Square Feet: 784
Unit-2 Square Feet: 784
Unit-3 Square Feet: 784
Unit-4 Square Feet: 784

Gross Income: 18000
Lease Term: Month-to-Month

School District: Benzie County Central Schools

Benzie Central Sr. High School is a public high school located approximately 13 miles away.
directions icon Map directions

Lake Ann Elementary School is a public elementary school located approximately 3.4 miles away.
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Benzie Central Middle School is a public middle school located approximately 13 miles away.
directions icon Map directions

Annual Tax Amount: 1531.3
Source Listing Status: Sold Co-op Member
County: Benzie
Directions: Lake Ann Road to First Street, 4 trailers on south side of road. Keys are on the Back door on the back side of the property on the door handle of BLUE trailer in lock box.
Source Property Type: Multi-Family
Insurance Expense: 150
Township: Almira
Zoning: Residential, Rural
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$unknown + $unknown
$15,500
$364

Sold 2024-06-27
$201,000
NGLRMLS
Listed 2024-05-16
$199,000
NGLRMLS
Sold 2001-09-14
$100,000
Public Record

Net Operating Income: 16468
Operating Expense: 1531.3

Total Square Feet Living: 784
Year Built: 1989
Building Exterior Type: Aluminum Siding
Construction Materials: Block, Manufactured/HUD
Property Age: 35
Property Condition: Fixer
Roof: Metal/Steel
House Style: Manufactured/Single Wide, 1 Story

Sewer: Private Septic
Water Source: Private Well

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.