616/618 Water Street $249,000

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    616/618 Water Street Hancock, MI 49930

    • 6 Beds
    • 3 Baths
    • 3,264 sq. ft.
    • Multi-Family
    • MLS# 50138749
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    Views: 14 Days On Site: 16

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    Property Details

    Excellent duplex opportunity with separately metered utilities. The roof is in great condition at about 12 years old. Most of the plumbing and wiring has been redone. This is a great property if you value good bones and mechanicals. One unit had an extensive remodel in the last few years including some drywall, new kitchen and baths, new carpeting, and interior paint. The siding was replaced within the last few years as well. Rents are well below market rents at $1025 & $800 per month per side plus utilities. The basement is very tall and has a washer/dryer for each side. The attic could be finished off for additional space. Tenants are responsible for snow removal. Landlord is responsibly for lawn care. Both leases are set to expire within the next few months. The backyard could be additional parking via the alley. The adjacent property owner has cleared snow to their property. For an owner-occupant; live in one side and have your tenant cover your expenses! For non occupant investors a 5% down mortgage may be possible with a Fannie Mae loan.

    • General Features
      • Acreage 0.11
      • Area Municipality Hancock (31013)
      • Bedrooms 6
      • County Houghton
      • Originating MLS Upper Peninsula Assoc of Realtors
      • Ownership LLC
      • Structure Style 2 Story
      • Subdivision N/A
      • Waterfront Y/N No
      • Year Built 1911
      • ZONING Residential
    • Building Features
      • Appliances Dishwasher, Dryer, Freezer, Microwave, Range/Oven, Refrigerator, Washer
      • Basement Type Stone
      • BATH DESCRIPTIONS First Flr Bath Lav/Half
      • Cooling System None
      • Exterior Construction Vinyl Siding
      • Exterior Features Deck
      • FUEL TYPE Natural Gas
      • Foundation Type Basement
      • Heating System Forced Air
    • Property Features
      • LOT DESCRIPTION Large Lot - 65+ Ft.,Platted
      • Sewer Septic Public Sanitary
      • Roads Paved Street
      • Lot Size 50x97
      • PARKING 3 or More Spaces,Unassigned/General
      • Water Features None
      • Water Public Water
    • Schools
      • School District Hancock Public Schools

    Contact

    Matt Zahn

    Matt Zahn

    Associate

    RE/MAX Select

    Mobile Phone: 810-397-8263

    Neighborhood

    49930 (Hancock) Demographics

    33 Median Age
    131 Population Density (per sq. mile)
    48% College Educated
    $47,266 Estimated Median Income
    1,642 Estimated Total Home Owners
    1,014 Estimated Total Renters
    62% / 38% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    7,032 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $182,500 Median Sales Price
    4 Homes Sold
    6 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $249,000
        4/15/2024 4:22:00 PM New in Database Source: Multiple Listing Service New Value: $249,000

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        ** 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.