260 1st Street Manistee, MI ^$ 167,500

260 1st Street

^$ 167,500

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260 1st Street

Manistee, MI, 49660

^$ 167,500

Studio Baths0.0 Sq 1,848

Monthly Estimate*

^$ 1,113

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Studio

Multi-Family Home for sale in Manistee, MI

for $167,500. This 1,848 square foot home was built in 1930 on a lot size of 0.1.

Real Estate Investment Opportunity! This Duplex is located in downtown Manistee. The property has decades of successful rental history. 2 bedrooms in each unit with a combine monthly gross rental income of $1,550 (under-utilized). All utilities are separated and paid for by tenants. Well maintained exterior. Both units are currently occupied and under professional management locally. Current certificates of compliance with City rental program. Any questions please don't hesitate to reach out. Owner is a State Licensed Real Estate Broker.

Multi-Family Active

Price

^$ 167,500

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 3,026

Style

Lot Size

0.1

Year Built

1930

Town/City

Manistee

County/Region

Manistee

MLS | Web ID

70395523

Features

General

Heating Forced Air Wall Heat

Possession Subject To Tenant Rights

Water Public Water

Status Active Active

Year Built 1930

County Manistee

Class MULTIFAMILY

Type Multi-Family

Municipality Manistee

Zoning Residential

Subdivision MI

Area UPDATE

Primary City Manistee

Directions US-31 to 1st Street East to property located on the Northside of the street.

City Manistee

School District Manistee Area Public Schools

Street Name 1st

Financial Terms Cash Conventional

Legal Description FILER & SMITHS ADD W 1/2 OF LOT 4 BLOCK 16 _____P.ADDR: 260 1ST ST

DOM 84

Postal Code 49660

Price Per Sq Ft Total AG 90.64

Coming Soon

Exterior

Exterior Vinyl Siding

Frontage 32

Body of Water Manistee Lake

Lot Size Area 0.1

Lot Dimensions 32 X 132

Lot Description Sidewalks

Water Features Lake/River Access

Waterfront Y/N No

Interior

Total Number of Units 2

Fuel Type Natural Gas

* Excluded Features

List By

Therran Ferguson

Listing Agent

Essential Real Estate

Broker

therranferguson@gmail.com

Affordability Calculator

$1,365

Per Month

Monthly Principal & Interest: $1,113
Monthly Property Taxes: $252
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Manistee, MI

Average List Price ^$222,875

Percent of Sale Price 33%

About Manistee, MI

6,109 Population

-8% Since 2002

^$39,538 Median Income

44.33 Median Age

20% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3433878 Elementary School

3433879 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/16/2024	$162,500	-1.52%	Price Down
5/6/2024	$165,000	-2.08%	Price Down
4/30/2024	$168,500	-4.80%	Price Down
3/29/2024	$177,000	-0.28%	Price Down
3/18/2024	$177,500		Listed Price

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260 1st Street, Manistee, MI, 49660 is a Multi-Family Home for sale at $167,500 with 1,848 sqft and a lot size of 0.1. 260 1st Street is a studio with 0.0 baths and was built in 1930. The property's zip code is 49660 which is in Manistee, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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260 1st Street

Multi-Family Home for sale in Manistee, MI

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