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12346 Smith Street Bear Lake, MI 49614
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Key Details
Sold Price $215,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70269529
Sold Date 10/31/22
Year Built 1940
Annual Tax Amount $4,000
Tax Year 2021
Lot Size 1.010 Acres
Acres 1.01
Lot Dimensions 125x200xx180x65x55x136
Property Description
Great Investment Property in the quaint N. Michigan town of Bear Lake. This property sits 2 blocks from the lake & 4 blocks to public access of the sandy bottom Bear Lake. Rentals in this area are few & this 4 apartment building with garages & on-site laundry is a rare find. All apartment interiors are the same. One apartment seller has just done some renovations & left vacant for showings. There are newer appliances in the units & a new coin laundry in basement of the garage. Apartments are 750 sq ft with 2 bedrooms & either a patio or a deck.The current renters all want to remain & rents go to $725-$765 in July. Seller pays utilities. Seller is getting an estimate on splitting the electric services. 6 stall garage & extra lot complete the property.
Location
State MI
County Manistee
Area Bear Lake (51015)
Interior
Interior Features Cable/Internet Avail.
Heating Baseboard, Hot Water
Exterior
Exterior Feature Other
Garage Additional Garage(s)
Amenities Available Laundry Facility
Waterfront No
Building
Lot Description Wooded
Foundation Slab
Structure Type Other
Schools
School District Bear Lake School District
Others
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional,FHA,VA
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with CENTURY 21 Northland