260 1st Street Manistee, MI ^$ 162,500

260 1st Street

^$ 162,500

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260 1st Street

Manistee, MI, 49660

^$ 162,500

Studio Baths0.0

Monthly Estimate*

^$ 1,080

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Studio

Multi-Family Home for sale in Manistee, MI

for $162,500. This 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

^$ 162,500

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 3,026

Style

2 to 4 Units

Lot Size

0.1

Year Built

1930

Town/City

Manistee

County/Region

Manistee

MLS | Web ID

24013056

Features

General

Sewer Public Sewer

Heating Wall Furnace Forced Air Natural Gas

Utilities Broadband Available Phone Connected Natural Gas Connected Electric Connected

Possession Subject To Tenant Rights

Roof Composition

Construction Materials Vinyl Siding

Year Built 1930

Tenant Pays Electric Water Trash Collection Sewer Gas

Township City of Manistee

Property SubType 2 to 4 Units

Tax Year 2024

Community Features Lake

County Manistee

New Construction N

Property Type Multi-Family

Attached Garage N

Status Active

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

City Manistee

Body of Water Manistee Lake

High School District Manistee

Zoning Description Residential

Total Units 2

MLS Area MasonOceanaManistee - O

Lot Size Square Feet 4182.0

Waterfront Y/N N

Street Name 1st

Land Lease Y/N N

Tax Annual Amount 3026.0

Lease Renewal Y/N N

MLS Area Minor MasonOceanaManistee - O

Additional Parcels Y/N N

Rent Control Y/N N

Days on Market 66

Standard Status Active

Occupancy Type Tenant

Tax Assessed Value 49140

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

Senior Community None

Interior

Basement Full

Total Fireplaces 1848

Basement (Y/N) Y

Air Conditioning Y/N N

Heating Y/N Y

Street Suffix Street

Laundry Features In Basement

Electric On Property Y/N N

Total Baths 0

Exterior

Parking Features Concrete Driveway

Lot Features Sidewalk

Total Parking 2.0

Lot Size Area 0.1

Number of Buildings 1848

Spa N

Lot Dimensions 32 X 132

Lot Size Acres 0.1

Lot Size Units Acres

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 260

* Excluded Features

List By

Essential Real Estate

Broker

therranferguson@gmail.com

Affordability Calculator

$1,332

Per Month

Monthly Principal & Interest: $1,080
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 ^$221,625

Percent of Sale Price 36%

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.

250977 Elementary School

250254 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 $162,500 with 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.

Listing data provided courtesy of the Internet Data Exchange Program of MichRIC, LLC

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of MichRIC, LLC. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information Deemed Reliable But Not Guaranteed

Data is updated as of 5/29/2024.

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260 1st Street

Multi-Family Home for sale in Manistee, MI

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