NOT LISTED FOR SALE

1091 Us-2 St. Ignace, MI 49781

-- Bed
-- Bath
5,656 Sq Ft
1958 Built

Last Sold July 07, 2022

Last sale price $500,000 $88 Per Sq Ft

About This Home

As of July 2022

What a great investment opportunity! Located within 3 miles of the Bridge and 3.5 miles from the Ferry, this motel property has been converted to a 9-unit efficiency apartment building allowing for consistent & steady cash flow. The 5 one bedroom units lease for $650 and the 4 two bedroom's lease for $700. The upper level unit is ideal for an onsite managers unit complete with a 608' deck with views of the Lake! There is an onsite coin laundry for all units to use. Tenants pay for electric which is heat and water, owner pays for cable, internet and water currently. Leases are all on a month to month basis, but long tern rental history for most. Last unit (2nd level) will be leased as of June 1st. Sale to include parcel #008-023-026-10 & 008-900-072-00.

Last Agent to Sell the Property

AGENT OUTSIDE

OUTSIDE OFFICE Listed on: 07/07/2022

Last Buyer's Agent

AGENT OUTSIDE

OUTSIDE OFFICE Listed on: 07/07/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,411

Year Built

  • Built in 1958

Interior Spaces

  • 5,656 Sq Ft Home
  • 2-Story Property
  • Water Views

Community Details

  • 9 Units

Listing and Financial Details

  • The owner pays for cable, water
  • Assessor Parcel Number 008-023-023-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,411

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Construction: Frame
  • Directions: I-75 north to US-2, east to property
  • Listing Member Name: AGENT OUTSIDE
  • Listing Office Short Id: 018
  • Prop. Type: B
  • Co Selling Member Short Id: 057
  • Selling Office Short Id: 018
  • Tax Year: 2021
  • Lot Description Waterfront: No
  • Year Built: 1958
  • Number Of Stories: Two
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: No
  • Source of Sq Ft: Assessor
  • Other Tax Parcel ID: 008-023-023-00
  • Total Finished Sq Ft: 5656.00

Exterior Features

  • Water View: Yes
  • Exterior: Aluminum

Garage/Parking

  • Parking Features:Workshop in Garage: No

Utilities

  • Utilities: Separate
  • Water and Sewer: City Water, Private Sewer

Schools

  • School District: St. Ignace
  • Junior High Dist: St. Ignace
  • Elem School Dist Number: 1091

Lot Info

  • Lot Size: 1.9 acres
  • Homestead: No

Rental Info

  • Lease V: 101400.00
  • Util Pd By Owner: Cable, Water

Tax Info

  • Taxable Value: 101400.00

Multi Family

  • Total Number Units: 9

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2022 07/07/22 Sold $500,000 -- $88 / Sq Ft
Source: Fayette-Nicholas Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    AGENT OUTSIDE

    OUTSIDE OFFICE

    (906) 632-7336

    514 Total Sales

    AGENT OUTSIDE
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Map

Source: Fayette-Nicholas Board of REALTORS®

MLS Number: 22-275

Michigan Mackinac County Saint Ignace 49760

1091 Us-2, Saint Ignace, MI

This home is located at 1091 Us-2, St. Ignace, MI 49781 since 07 July 2022. This property was built in 1958. 1091 Us-2 is a home located in Mackinac County with nearby schools including St. Ignace Elementary/Middle School and LaSalle High School.

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