MLS # 26015230 (Michigan Regional Information Center (MichRIC))

Great opportunity to add value and build equity with this triplex project. The property has already been taken down to the studs, giving you a clean slate to design and finish it your way. Previously configured as a 2 bed, 1 bath upper unit, along with a 2 bed, 1 bath and 1 bed, 1 bath on the main level, there's solid potential for strong rental income once completed. Separate utilities (bi-level setup) and a private driveway add to the appeal for future tenants. The heavy lifting has been started-now it's ready for the next investor to step in, finish the project, and bring it back to life as an income-producing property. Previously used as a rental, this is a great chance to create something valuable for your portfolio.
Source: SparkMLS
Listed at $68,000.
Estimated annual property tax: $1,669, or about $139 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company.
Location
Construction & Systems
Sale & Financing
Source: SparkMLS
Source: Public Records
Legal Description
FREELAND E 1/2 OF LOT 6 BLOCK 17 _____P.ADDR: 822 VINE ST SALE(85) 15 3466 0934 (01) 560 4780 0848 (04) 6932 0170 (05) 530 2943 0590 (06) 400 1990 0511
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Emily Pomeroy
LIGHTHOUSE REALTY-Manistee
Municipality: City of Manistee
School district: MANISTEE AREA PUBLIC SCHOOLS
County: Manistee
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Consumers Energy Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
822 Vine Street, Manistee, MI 49660
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Municipality
Manistee
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