616/618 Water Hancock, MI 49930

Price $249,000

MLS # 50138749

Bedsrooms
Baths

Year Built:
TTL Sq Ft:

School Dist.
Type: Multi-Family

Garage:
Frontage: No

Property Features

Acres 0.11
Lot Size 50x97

County: Houghton

Style:

Room Sizes

Remarks

Excellent duplex opportunity with separately metered utilities. The roof is in great condition at about 12 years old. Most of the plumbing and wiring has been redone. This is a great property if you value good bones and mechanicals. One unit had an extensive remodel in the last few years including some drywall, new kitchen and baths, new carpeting, and interior paint. The siding was replaced within the last few years as well. Rents are well below market rents at $1025 & $800 per month per side plus utilities. The basement is very tall and has a washer/dryer for each side. The attic could be finished off for additional space. Tenants are responsible for snow removal. Landlord is responsibly for lawn care. Both leases are set to expire within the next few months. The backyard could be additional parking via the alley. The adjacent property owner has cleared snow to their property. For an owner-occupant; live in one side and have your tenant cover your expenses! For non occupant investors a 5% down mortgage may be possible with a Fannie Mae loan.

Call: 906-774-7297

Northern Heritage Real Estate