MI > Hancock
Hancock, MI 49930,216-218 E Franklin Street
Hancock, MI 49930,216-218 E Franklin Street
Hancock, MI 49930,216-218 E Franklin Street
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$285,000
Est. payment /mo
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5 BD
4 BA
3,200 SqFt
Active

216-218 E Franklin Street Hancock, MI 49930

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Scott Clay

Scott Clay

+1(989) 332-1712

UPDATED:

08/29/2024 05:21 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,200 sqft

Price per Sqft $89

MLS Listing ID 50149263

Style 2 Story

Bedrooms 5

Full Baths 4

Year Built 1900

Annual Tax Amount $2,207

Tax Year 2023

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 50 x 115 x 50 x 110

Property Description

Investment opportunity! 4-unit, brick apartment building located just one block from downtown Hancock. Well-maintained. Many newer windows. Some hard wood floors. Configure these units to your liking. Keep all 4 as income generators or live in 1 and rent the other 3. Or you could live in ½ of the building, have 2 floors to yourself, and rent the 2 apartments on the other side. You may claim the Homestead Tax Exemption for the percentage used as your primary residence. Each apartment has 1 or 2bedrooms and either a ¾ 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. 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 house. Most tenants use the City of Hancock public parking lot located just 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-approval letters 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.

Location

State MI

County Houghton

Area Hancock (31013)

Zoning Commercial

Rooms

Basement Full, Outside Entrance, Stone

Interior

Heating Hot Water, Radiator

Cooling None

Fireplace No

Appliance Microwave, Range/Oven, Refrigerator

Exterior

Exterior Feature Brick

Waterfront No

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Brick

Schools

School District Hancock Public Schools

Others

Ownership Private

SqFt Source Measured

Energy Description Natural Gas

Financing Cash,Conventional

MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by RE/MAX DOUGLASS R.E.-H

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Scott Clay

Broker/Owner | License ID: 6502432343

+1(989) 332-1712

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216-218 E Franklin Street