216 E FRANKLIN ST APT 218
HANCOCK, MI 49930
$325,000
5 Beds
4 Baths
3,200 Sq Ft
Status Active
MLS# 50138561
Investment opportunity! 4-unit, brick apartment building located just one block from downtown Hancock. Well-maintained. Many newer windows. Some hard wood floors. Configure these units to your liking. Keep all 4 as income generators or live in 1 and rent the other 3. Or you could live in ½ of the building, have 2 floors to yourself, and rent the 2 apartments on the other side. Each apartment has 1 or 2bedrooms and either a ¾ bath with a shower or a full bath. Nice kitchens. Basement is accessed from a back door. The rental amounts in place are not at current market rates. New owner may increase the rents as they see fit once leases expire. Current owner pays for heat and water and for electricity in the common areas. Parking is located in the alley to the left of the house. Most tenants use the City of Hancock public parking lot located just a few steps east of the apartment building. Summer months are free to park. Winter parking pass costs $120. (The lot to the right of the building is not included). This location is convenient to downtown, shopping, and restaurants. 10-minute drive to Michigan Tech. Showings for qualified buyers with pre-approval letters or proof of funds only. Seller reserves the right to leave any contents in the building. Back porch may need work. This information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage, lot size/dimensions, and age are approximate. Buyer must verify the information and bears all risk for inaccuracies. Taxes will change with the sale.
Details for 216 E FRANKLIN ST APT 218
Built in 1900
$102 / Sq Ft
0 parking spaces
None
Hot Water, Radiator
38 Days on website
0.12 acres lot
Price per square foot and days on website are not provided values and are calculated by RE/MAX.
RE/MAX DOUGLASS R.E.-H, 906-482-1000
11:57am UTC- 5/20/2024
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Area Information for 216 E FRANKLIN ST APT 218
