Price Reduction
Address
260 1st Street, Manistee, MI
Price
$ 162,500
Property Attributes
- MLS#24013056
- TypeMulti-Family
- CountyMANISTEE
- CityManistee
- AreaCity of Manistee
- NeighborhoodCity of Manistee
- Zip49660
- Style2 to 4 Units
- Year Built1930
- Taxes$ 3026
- Price$ 162,500
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size4,356 SqFt
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description
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.
| Price History | |
|---|---|
| 3/18/2024 | Listed $177,500 |
| 3/29/2024 | 1% - $177,000 |
| 4/30/2024 | 5% - $168,500 |
| 5/6/2024 | 3% - $165,000 |
| 5/16/2024 | 2% - $162,500 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Wall Furnace,Forced Air,Natural Gas |
| Utilities | Broadband Available,Phone Connected,Natural Gas Connected,Electric Connected |
| Possession | Subject To Tenant Rights |
| Roof | Composition |
| Construction Materials | Vinyl Siding |
| Year Built | 1930 |
| Tenant Pays | Electric,Water,Trash Collection,Sewer,Gas |
| Township | City of Manistee |
| Property SubType | 2 to 4 Units |
| Tax Year | 2024 |
| OwnerPays | None |
| Community Features | Lake |
| County | Manistee |
| New Construction | No |
| Property Type | Multi-Family |
| Attached Garage | No |
| Status | Active |
| Directions | US-31 to 1st Street East to property located on the Northside of the street. |
| City | Manistee |
| Body of Water | Manistee Lake |
| High School District | Manistee |
| Zoning Description | Residential |
| Total Units | 2 |
| MLS Area | MasonOceanaManistee - O |
| Lot Size Square Feet | 4182.0 |
| Waterfront Y/N | No |
| Street Name | 1st |
| Land Lease Y/N | No |
| Tax Annual Amount | 3026.0 |
| Lease Renewal Y/N | No |
| MLS Area Minor | MasonOceanaManistee - O |
| Additional Parcels Y/N | No |
| Rent Control Y/N | No |
| Days on Market | 59 |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Tax Assessed Value | 49140 |
| MobileHomeRemainsYN | No |
| Legal Description | FILER & SMITHS ADD W 1/2 OF LOT 4 BLOCK 16 _____P.ADDR: 260 1ST ST |
| Senior Community | None |
Interior Features
| Basement | Full |
|---|---|
| Total Fireplaces | 1848 |
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Street Suffix | Street |
| Laundry Features | In Basement |
| Electric On Property Y/N | No |
Exterior Features
| Parking Features | Concrete,Driveway |
|---|---|
| Lot Features | Sidewalk |
| Total Parking | 2.0 |
| Lot Size Area | 0.1 |
| Number of Buildings | 1848 |
| Spa | No |
| Lot Dimensions | 32 X 132 |
| OwnerPhone | 231-510-1790 |
| Lot Size Acres | 0.1 |
| Lot Size Units | Acres |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 49660
Price
Taxes
Visits
Year Built
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update May 17, 2024 9:35 AM UTC
Water Wonderland Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
Northern Great Lakes REALTORS® MLS All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
