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260 Third Street - Excellent turn key rental business firmly established by long term local owner. He's ready to retire so these well maintained buildings are ready for you to take over. Mechanicals are newer, vinyl siding, private paved off street parking and continually updated apartments. 254 3rd Street is a single family home. 256-258 3rd Street is a 3-unit building and 260-264 3rd Street is another 3-unit. 4 units have washers and dryers and all have newer ranges, refrigerators and microwaves. 3 baths new in just the last year. Nice yard, tall trees and Morton park next door make these apartments desirable. Income per month is $3685.00 with tenants paying their own utilities. Instant cash flow! Other properties also available if you want to invest on an larger scale and have an instant rental business.

Listing information

  • MLS® ID: 15051472
  • Status: Active
  • Foreclosure: No
  • Estimated Annual Taxes: $6,359
  • Subdivision: O80 - Manistee Brown Filer Stronach
  • Style: Commercial
  • Stories: 0
  • Total Square Footage: 6,444 ($40.19 per sq. foot)
  • County: Manistee
  • Year Built: 1900
  • New Construction: No
  • Lot Area: 0.52
  • School District: Manistee

Features

Auction or For Sale For Sale
Below Grade Basement
Business Includes Real Estate
Construction Type Frame/Wood
Docs at List Office Aerial Photo
Driveway Paved
Exterior Material Vinyl
Heat Source Natural Gas
Heat Type Hot Water
Other Road Frontage - 132.00, Zoning - R-2
Property Sub-Type Business Opportunity
Purchase Terms Avail Cash/Conventional
Roofing Comp Shingle
Sale Conditions None
Street Type Paved, Public
Tenant Pays All Electric, Gas, Sewer, Water
Uses Other
Util Avail at St Broadband, Cable, Electric, Natural Gas, Public Sewer, Public Water, Telephone
Utilities / Sewer Public
Utilities Attached Cable, Electric, Natural Gas, Telephone
Water Type Public
Waterfront Options: Waterfront Y/N No
Listing Courtesy of Marjorie Zaccanelli of Century 21 Boardwalk