12346 Smith Street, Bear Lake, MI

$259,000

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1.01

Acres

About 12346 Smith Street

Great Investment Property in the quaint N. Michigan town of Bear Lake. This property sits 2 blocks from the lake & 4 blocks to public access of the sandy bottom Bear Lake. Rentals in this area are few & this 4 apartment building with garages & on-site laundry is a rare find. All apartment interiors are the same. One apartment seller has just done some renovations & left vacant for showings. There are newer appliances in the units & a new coin laundry in basement of the garage. Apartments are 750 sq ft with 2 bedrooms & either a patio or a deck.The current renters all want to remain & rents go to $725-$765 in July. Seller pays utilities. Seller is getting an estimate on splitting the electric services. 6 stall garage & extra lot complete the property.

Features of 12346 Smith Street

MLS® # 22026614
Price $259,000
Acres 1.01
Year Built 1940
Type Multi Family
Sub-Type 2 to 4 Units
Status Active (back-up)

Community Information

Address 12346 Smith Street
Area O70
Subdivision Bear Lake Vlg
City Bear Lake
County Manistee
State MI
Zip Code 49614

Amenities

Features No
Parking Spaces 6
Is Waterfront No
Has Pool No

Interior

Heating Baseboard, Hot Water
Cooling Window Unit
# of Fireplaces 2
Has Basement No
Basement Slab

Exterior

Exterior Other
Lot Description Corner, Wooded
Roof Comp Shingle

School Information

District Bear Lake

Additional Information

Date Listed November 30th, -0001
Foreclosure No
Short Sale No
Utilities Attached Cable, Natural Gas, Electric

Financial Details

Annual Property Tax $4,000
Auction or For Sale For Sale
Tax Year 2021
Mineral Rights Unknown
Possession Subject to Tenant Rights
Sale Conditions None
SEV 78900.00
Spec Assessment & Type None Known
Tax ID # 513222171813
Taxable Value 78900.00
Terms Available Cash Only, Cash/Conventional, FHA, MSHDA, VA

Listing Details

AgentVirginia M Pelton
OfficeCENTURY 21 Northland

Listing Map

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