400 Michelle Lane $240,000

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    400 Michelle Lane Baraga, MI 49908

    • 8 Beds
    • 4 Baths
    • 3,200 sq. ft.
    • Multi-Family
    • MLS# 50115841
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    Views: 50 Days On Site: 285

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    Property Details

    Here is a great investment opportunity with this very nice 4 unit apartment building! The building has been well cared for and is in the process of getting a new roof! The units have a long, steady rental history with all units being currently occupied. The current rental income is $400/month per unit with a month to month lease agreement. The utilities are the responsibility of the tenants. Each unit features an open concept kitchen/Livingroom, 2 bedrooms and 1 bathroom. The master bedroom includes a sliding glass door accessing the patio area and very large back yard. This property is located in a desirable area and at the end of a dead-end street!

    • General Features
      • Acreage 1.5
      • Area Municipality Baraga (07003)
      • Bedrooms 8
      • County Baraga
      • Originating MLS Upper Peninsula Assoc of Realtors
      • Ownership Private
      • Structure Style 1 Story
      • Styles Ranch
      • Subdivision N/A
      • Waterfront Y/N No
      • Year Built 1996
      • ZONING Residential
    • Building Features
      • Appliances Dryer, Range/Oven, Refrigerator, Washer
      • Cooling System Wall/Window A/C
      • DINING KITCHEN Eat-In Kitchen
      • Exterior Construction Vinyl Siding
      • Exterior Features Patio, Sidewalks
      • FUEL TYPE Electric
      • Foundation Type Slab
      • Heating System Baseboard
    • Property Features
      • Sewer Septic Public Sanitary
      • Roads City/County, Gravel
      • Lot Size 300x220
      • PARKING 3 or More Spaces
      • Water Features None
      • Water Public Water
    • Schools
      • School District Baraga Area School District

    Contact

    Jack Baldridge

    Jack Baldridge

    Realtor

    RE/MAX Select

    Direct: 810-347-6995

    Neighborhood

    49908 (Baraga) Demographics

    37 Median Age
    29 Population Density (per sq. mile)
    20% College Educated
    $47,992 Estimated Median Income
    712 Estimated Total Home Owners
    277 Estimated Total Renters
    72% / 28% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    3,333 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    1 New On Market

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      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $240,000
        7/19/2023 11:52:00 AM New in Database Source: Multiple Listing Service New Value: $240,000

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        * This payment calculator is intended for educational and planning purposes only.
        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.