NOT LISTED FOR SALE

1091 Us-2 St. Ignace, MI 49781

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

Sale Details

Date Sold: July 7, 2022

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

Highlights

  • Water Views
  • Open Floorplan
  • Private Entrance
  • Fireplace

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

Home Design

  • Frame Construction
  • Aluminum Siding

Interior Spaces

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

Lot Details

  • Private Entrance

Utilities

  • Separate Meters
  • Private Sewer
  • Cable TV Available

Community Details

  • 9 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,411

Year Built

Built in 1958

Listing Details

  • AbvGradeFinSqFt: 5656.00
  • Directions: I-75 north to US-2, east to property
  • Homestead: No
  • Listing Member Name: AGENT OUTSIDE
  • Number Of Stories: Two
  • OCCUPANCY: Tenant
  • Prop. Type: Multi-Family
  • RealtorCOM Type: Multi-Family
  • Selling Member Short Id: 057
  • Selling Office Short Id: 018
  • OFFICELIST_STATE: MI
  • U1Features: Fireplace, Kitchen/Dining Combo, Living/Dining Combo, Private Bath, Pvt Outside Entrance
  • U2Features: Kitchen/Dining Combo, Living/Dining Combo, Private Bath, Pvt Outside Entrance
  • U3Features: Kitchen/Dining Combo, Living/Dining Combo, Private Bath, Pvt Outside Entrance
  • U4Features: Kitchen/Dining Combo, Living/Dining Combo, Private Bath, Pvt Outside Entrance
  • U5Features: Kitchen/Dining Combo, Living/Dining Combo, Private Bath, Pvt Outside Entrance
  • U6Features: Kitchen/Dining Combo, Living/Dining Combo, Private Bath, Pvt Outside Entrance
  • Unit1AppliancesIncl: Fridge, range
  • Unit2AppliancesIncl: Fridge, Range
  • Unit3AppliancesIncl: Fridge, Range
  • Unit4AppliancesIncl: Fridge, Range
  • Unit5AppliancesIncl: Fridge, Range
  • Unit6AppliancesIncl: Fridge, Range
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: No
  • Source of Sq Ft: Assessor
  • Estimated Total Finished Sq Ft: 5656.00
  • Basement Type: Apartments

Exterior Features

  • Exterior Construction: Frame
  • Exterior: Aluminum
  • Waterfront: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: No

Utilities

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

Condo/Co-op/Association

  • Number of Units: 9

Fee Information

  • Taxes: 3411.12

Schools

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

Lot Info

  • Lot Size: 1.9 acres

Rental Info

  • Util Pd By Owner: Cable, Water

Tax Info

  • Tax Year: 2021
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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Agents Affiliated with this Home

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Map

Source: Eastern Upper Peninsula Board of REALTORS®

MLS Number: 22-275

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