216 E Franklin St # 218, Hancock, MI 49930 Homes for Sale

For Sale

$325,000

• 5 beds
• 4 baths
• 3200 Sq Ft

216 E Franklin St # 218,
Hancock, MI, 49930

Houghton Latitude 47.127485 - Longitude -88.581811

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Overview

Listing Status Active

MLS 50138569

Property Type

Apartment

Year built

1900

Total rooms

5

Lot size

0.12 Acres

Time on NeighborWho

40 days

Stories

-

Price per Sq Ft

$102

Parking

0e0 car garage

Basement

-

About 216 E Franklin St # 218, Hancock, MI

With the lack of available homes for sale, this 4-unit, brick apartment building, located just one block from downtown Hancock, is a perfect solution. Configure these units to your liking. Keep all 4 as income generators or live in 1 and rent the other 3. Or you could live in ½ of the building, have 2 floors to yourself, and rent the 2 apartments... on the other side. Well-maintained. Many newer windows. Some hard wood floors. Each apartment has 1 or2 bedrooms and either a ¾ bath with a shower or a full bath. Nice kitchens. Basement is accessed from a back door. The rental amounts in place are not at current market rates. New owner may increase the rents as they see fit once leases expire. Current owner pays for heat and water and for electricity in the common areas. Parking is located in the alley to the left of the building. Most tenants use the City of Hancock public parking lot located just a few steps east of the apartment building. Summer months are free to park. Winter parking pass costs $120. (The lot to the right of the building is not included). This location is convenient to downtown, shopping, and restaurants. 10-minute drive to Michigan Tech. Showings for qualified buyers with pre-approvalletters or proof of funds only. Seller reserves the right to leave any contents in the building. Back porch may need work. This information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage, lot size/dimensions, and age are approximate. Buyer must verify the information and bears all risk for inaccuracies. Taxes will change with the sale. Read more

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