Bear Lake, MI 49614,12346 Smith Street
Bear Lake, MI 49614,12346 Smith Street
Bear Lake, MI 49614,12346 Smith Street
44
$215,000
$259,000
17.0%
Est.Price: ?

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1.01 Acres Lot

12346 Smith Street Bear Lake, MI 49614

Est. payment /mo
SOLD DATE : 10/31/2022

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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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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by CENTURY 21 Northland
Bought with CENTURY 21 Northland

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Scott Clay

Broker/Owner | License ID: 6502432343

+1(989) 332-1712

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