Real Estate Investment Opportunity!

This Duplex is located in downtown Manistee. The property has decades of successful rental history. 2 bedrooms in each unit with a combine monthly gross rental income of $1, 550 (under-utilized). All utilities are separated and paid for by tenants.

Well maintained exterior. Both units are currently occupied and under professional management locally. Current certificates of compliance with City rental program. Any questions please don't hesitate to reach out. Owner is a State Licensed Real Estate Broker.

Request Information
on 260 1st St
in Manistee, MI
Presented by Therran Ferguson at
Essential Real Estate.


Property MLS #24013056 from MichRic

+ Reveal additional info including schools and tax history

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+ Bathrooms

Total Bathrooms: 0

+ Other Rooms

Basement Features: Full

+ Heating and Cooling

Heating Features: Wall Furnace, Forced Air, Natural Gas
Heating: Yes

+ Waterfront and Water Access

Water Body Name: Manistee Lake

+ Land Info

Lot Size Acres: 0.0960055
Lot Size Square Feet: 4182

+ Garage and Parking

Parking Features: Concrete, Driveway
Parking Total: 2

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ School Information

School District: Manistee
+ Display Complete School Details

John F. Kennedy Elementary School is a public elementary school located approximately 0.6 miles away.
Map directions

Manistee High School is a public middle and high school located approximately 1.2 miles away.
Map directions

Trinity Lutheran School is a private elementary and middle school located approximately 0.6 miles away.
Map directions

+ Amenities and Community Features

Community Features: Lake

+ Other Property Info

Annual Tax Amount: 3026
Source Listing Status: Active
County: Manistee
Directions: US-31 to 1st Street East to property located on the Northside of the street.
Tax Year: 2024
Source Property Type: Multi-Family
Area: MasonOceanaManistee - O
MLS Area Minor: MasonOceanaManistee - O
Source Neighborhood: MasonOceanaManistee - O
Parcel Number: 51-51-448-729-08
Property Subtype: 2 to 4 Units
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2023	$unknown + $unknown $46,800	$2,880
2022	$unknown + $unknown $39,100	$2,359
2021	$unknown + $unknown $37,100	$2,297
2020	$unknown + $unknown $33,100	$1,855
2019	$unknown + $unknown $30,700	$1,831
2018	$unknown + $unknown $25,200	$1,279
2017	$unknown + $unknown $28,200	$1,469
2016	$unknown + $unknown $27,800	$1,456
2015	$unknown + $unknown $26,000	$1,451
2014	$unknown + $unknown $26,700	$1,429
2013	$unknown + $unknown $26,100	$1,071
2012	$unknown + $unknown $28,700	$1,046
2011	$unknown + $unknown $27,400	$1,018
2009	$unknown + $unknown $27,800	$997

+ Reveal Property Sale History

Price Changed 2024-05-16
$162,500
MichRic

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Price Changed 2024-05-06
$165,000
MichRic

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Price Changed 2024-04-30
$168,500
MichRic

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Price Changed 2024-03-29
$177,000
MichRic

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Listed 2024-03-18
$177,500
MichRic

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Sold 2022-10-21
$90,000
Public Record

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Listing removed 2019-11-22
$0
MichRic

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Listing removed 2019-11-22
$0
NGLRMLS

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Relisted 2019-06-17
$79,900
MichRic

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Relisted 2019-06-17
$79,900
NGLRMLS

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Listing removed 2019-03-07
$0
NGLRMLS

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Listing removed 2019-03-06
$0
MichRic

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Listed 2019-03-06
$79,900
NGLRMLS

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Listed 2018-11-26
$79,900
MichRic

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Sold 2018-01-01
$90,000
Public Record

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Sold 2017-01-01
$48,000
Public Record

+ Building and Construction

Year Built: 1930
Construction Materials: Vinyl Siding
Property Age: 94
Roof: Composition