403 Williams, Mancelona 49659

$169,000

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MLS#: 1796668
• For Sale
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Fully rented three unit apartment house conveniently located on US-131 in Mancelona central to everything northern Michigan. Walk to downtown, grocery store, and next door to sporting goods/party store. 2962 square feet includes 625 unfinished area upstairs with potential for a 4th apartment. Downstairs consists of one two-bedroom apartment. Upstairs has two one-bedroom apartments. Wood fireplace upstairs. There is a shortage of rentals in this area. Investors and retirees, this is your chance to move to and/or invest in a friendly small town in the heart of northern Michigan. Near Shanty Creek Resort and convenient to northern Michigan woods and waters. Current rental income is $1835 per month, and tenants are on a month-to-month basis. Landlord currently pays a total of approximately $500 per month utilities to cover water, garbage, electric and gas in both apartments. Outline of floor plan is available in attached documents. Note: a 2 unit apartment at 303 N Williams is also being sold by the same owner.

Property Information    

Status
Active 
Address
403 Williams 
City
Mancelona 
Zip
49659 
Year Built
1950 
Style
Apartment 
Possession
Negotiable 
Waterfront Desc
None 
Listing Date
03/28/2015 
County
Antrim 

School Information

School District
Mancelona 

Taxes

Taxes
$2,077 
Summer Taxes
$1,290 
Winter Taxes
$522 

Rooms and Land

Number of Units

Features

Style
Apartment 
Exterior Features
Porch 
Basement
Slab 
Appliances
Drapes, Oven/Range, Refrigerator 
Cooling
Baseboard, Natural Gas 
Heating
Baseboard, Natural Gas 

Listing Video for 403 Williams, Mancelona MI 49659

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Listing Broker

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Listing Courtesy of Blunorth Realty
Office Address PO Box 1228