$299,000

515 Maple Street

Manistee MI, 49660

Description

This 5,600 Sq. Ft. Victorian Style Lumber Barron's Mansion was turned into a 7 unit rental apartment called Hilltop Apartments many years ago. Very long and solid rental history. All units are currently occupied. SEPARATE UTILITIES! Owner is a State Licensed Real Estate Broker. Cap Rate of 13% based on 2019 Net Operating Income. Property has been well kept. Large parcel 3/4 acre. Turn-Key operation. Please contact your agent for more information. Sale subject to the rights of all tenants. Leases, deposits, Etc. to be transferred upon closing. Approximately $58 per sq ft. price.

Details

MLS#20011200
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1887
Days On Site300

Features

Units7
Building(s)1
Loading Form
Loading Form
Area Information
StateMI
CountyManistee
CityManistee
Zip Code49660
AreaMasonOceanaManistee - O
Listing VS Median (in 49660)
Price:
$299,000
low | high
Med:
$149,450
100% of Average
On Site:
300
low | high
Med:
417.500000
71.85628742515% of Average
Listing Updated: June 13, 2020 8:17:44 PM PDT
Therran Ferguson LogoMLS Number: 20011200
Listing Provided By:
Therran Ferguson  of  LIGHTHOUSE REALTY-Manistee
MLS Internet Data Exchange (IDX) information is provided exclusively 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, and that the data is deemed reliable but is not guaranteed accurate by the Michigan Regional Information Center MLS.