NOT LISTED FOR SALE
10 Beds
9.5 Baths
5,612 Sq Ft
6,970 Sq Ft Lot

Highlights

  • Corner Lot
  • Balcony
  • Property is near schools
  • Furnished
  • Zoned Heating
  • Baseboard Heating

About This Home

As of February 2024

The Elms Motel in downtown Calumet - a very good investment opportunity! 8 fully furnished units with ample paved parking work well for long term AND short term rentals. Renovated and in good condition this two story building has a full basement with storage and workshop areas. Each unit has a full bath, bedroom, and kitchen / living area. Two units have 2 bedrooms and one unit has two baths. Ideally situated across from the Calumet Theatre and a short stroll to Calumet's fine taverns and eateries and just two blocks from motorized recreational trails. Don't wait on this one!

Last Agent to Rent the Property

THOMAS TIKKANEN

SUPERIOR PROPERTIES -REAL ESTATE SALES AND RENTALS License #UPAR-6502370296 Listed on: 12/23/2023

Last Renter's Agent

THOMAS TIKKANEN

SUPERIOR PROPERTIES -REAL ESTATE SALES AND RENTALS License #UPAR-6502370296 Listed on: 12/23/2023

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,343

Year Built

  • Built in 1967

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 118 x 60
  • Corner Lot

Parking

  • 3 Car Parking Spaces

Interior Spaces

  • 2-Story Property
  • Furnished
  • Window Treatments

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 10 Bedrooms

Basement

  • Basement Fills Entire Space Under The House
  • Stone Basement
  • Block Basement Construction

Utilities

  • Zoned Heating
  • Baseboard Heating
  • Hot Water Heating System
  • Gas Water Heater

Additional Features

  • Balcony
  • Property is near schools

Community Details

  • 8 Units
  • Village Of Calumet Subdivision

Listing and Financial Details

  • Assessor Parcel Number 041-131-001-00

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,343

Year Built

Built in 1967

Lot Details

0

Rental Info

  • Landlord Pays: Snow Removal, Taxes, Trash Removal, Water/Sewer, Electric, Gas
  • Lease: Yes
  • Lease Information: Month-To-Month, Electric Included, Heat Included, Water Included

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type: Apartment, Investment
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Conventional Frame
  • Year Built: 1967
  • Mail City: Calumet
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Window Treatment(s), Furnished
  • Appliances: Microwave, Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: Block, Full, Stone
  • Bedrooms: 10
  • Bathroom Description: Basement Bath Lav/Half
  • Full Bathrooms: 9
  • Total Bathrooms: 10
  • Dining Kitchen: Eat-In Kitchen
  • Source of Sq Ft: Assessors Data
  • Estimated Sq Ft: 5612
  • Half Bathrooms: 1

Exterior Features

  • Construction: Hard Board
  • Exterior Features: Exterior Balcony
  • Frontage: 118
  • Sideof Street: W
  • Foundation Type: Basement
  • Roads: City/County, Curbed, Paved Street, Year Round

Garage/Parking

  • Parking: 3 Or More Spaces

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Fuel Type: Natural Gas
  • Heating System: Baseboard, Hot Water, Zoned Heating
  • Sewer/Septic System: Storm, Public Sanitary

Lot Info

  • Assessor Parcel Number: 041-131-001-00
  • Location: Main Street, Walk To School, Corner Lot
  • Lot Dimensions: 118 x 60
  • Acreage: 0.16
  • Zoning: Commercial
  • Geo Subdivision: MI

Multi Family

  • Total Units: 8

MLS Schools

  • School District: Public Schools of Calumet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 23, 2023
Closed on
Feb 7, 2024
Sold by
Hueter Frederick S and Hueter Paula A
Bought by
Kainrey Properties Llc
Seller's Agent
THOMAS TIKKANEN
SUPERIOR PROPERTIES -REAL ESTATE SALES AND RENTALS
Buyer's Agent
THOMAS TIKKANEN
SUPERIOR PROPERTIES -REAL ESTATE SALES AND RENTALS
Sold Price
$358,500
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Outstanding Balance
$288,369
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2012
Bought by
Hueter Frederick S and Hueter Paula A
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kainrey Properties Llc $365,000 M&M Title
Hueter Frederick S $69,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kainrey Properties Llc $292,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2024 02/13/24 Rented $358,500 +2.4% --
01/30/2024 01/30/24 Under Contract -- -- --
12/23/2023 12/23/23 For Rent $350,000 -- --
Source: Upper Peninsula Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,343 $96,186 $0 $0
2023 $3,208 $54,508 $0 $0
2022 $3,403 $53,578 $0 $0
2021 $3,274 $50,088 $0 $0
2020 $3,351 $50,144 $0 $0
2019 $3,338 $49,479 $0 $0
2018 $3,245 $49,000 $0 $0
2017 $3,183 $49,000 $0 $0
2016 -- $49,000 $0 $0
2015 -- $49,000 $0 $0
2014 -- $49,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 50130326

Upper Peninsula Association of REALTORS®

APN: 041-131-001-00