$500,000
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1091 W U.S. 2 St. Ignace, MI 49781
1.9 Acres Lot
Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Municipality Moran Twp
MLS Listing ID 22014345
Sold Date 06/02/22
Year Built 1958
Annual Tax Amount $3,411
Tax Year 2021
Lot Size 1.900 Acres
Acres 1.9
Lot Dimensions 125X208X201X230X250X484
Property Sub-Type 5+ Units
Source Michigan Regional Information Center (MichRIC)
Property Description
What a great investment opportunity! Located within 3 miles of the Bridge and 3.5 miles from the Ferry, this motel property has been converted to a 9 unit efficiency apartment building allowing for consistent & steady cash flow. The 5 one bedroom units lease for $700 and the 4 two bedroom's lease for $750. The upper level unit is ideal for an onsite managers unit complete with a 608' deck with views of the Lake! There is an onsite coin laundry for all units to use. Tenants pay for electric which is heat & water, owner pays for cable, internet & water currently. Leases are all on a month to month basis but long term rental history for most. Last unit (2nd level) will be leased as of June 1st.
Sale to include parcel #008-023-026-10 and 008-900-072-00
Location
State MI
County Mackinac
Area Outside Michric Area - Z
Direction US 75 north to US-2 east to address
Rooms
Basement Slab
Interior
Heating Baseboard, Electric
Cooling None
Fireplaces Number 2
Exterior
Parking Features Paved
View Y/N No
Roof Type Composition
Topography {Level=true}
Street Surface Paved
Total Parking Spaces 12
Building
Sewer Septic System
Structure Type Vinyl Siding
New Construction No
Schools
School District St. Ignace
Others
Tax ID 00802302300
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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