NOT LISTED FOR SALE

4880 Main St Onekama, MI 49675

Estimated Value: $382,864

-- Bed
-- Bath
-- Sq Ft
0.51 Acres

Last Sold August 20, 2021

Last sale price $304,000

Est. 26% increase in value since last sale

Current estimated payment $2,395/month

9 Days on Market

About This Home

As of August 2021

Apartment complex right in the Village of Onekama and located just a short walk to the Village park on Portage Lake. Four active units with potential for a fifth unit. Current tenants are long term and have lived in the units from between 3 to 14 years making for a secure and reliable income. Included in the sale is a detached garage behind the building which has a separate tax id number. Gross income is almost $30,000 per year with the four units, finish off the fifth unit and increase your income by almost $10,000 per year. This is a great investment with significant upside. Total above grade area is 4170 sq ft and the garage is 24 x 64

Last Agent to Sell the Property

Charles Smith

RE/MAX Bayshore Manistee License #6502348024 Listed on: 07/23/2021

RE/MAX Bayshore Manistee

Last Buyer's Agent

Out of Area Agent

Out of Area Office

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,310

Year Built

  • Built in 1900

Lot Details

  • 0.51

Parking

  • 5 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Well
  • Cable TV Available

Additional Features

  • Crawl Space
  • 0.51 Acre Lot

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • The owner pays for sewer

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,310

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space

Exterior Features

  • List Price: 329000.0
  • Number of Buildings: 2
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 5.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Sewer, Broadband
  • Water Source: Well

Lot Info

  • Lot Size Acres: 0.51
  • Lot Size Area: 0.51
  • Lot Size Sq Ft: 22216.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Sewer

Multi Family

  • Number of Units Total: 5

Tax Info

  • Tax Annual Amount: 3310.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2021
Closed on
Aug 20, 2021
Sold by
Hartrich Nelson
Bought by
Onekama 4 Plex Llc
Seller's Agent
Charles Smith
RE/MAX Bayshore Manistee
Buyer's Agent
Out of Area Agent
Out of Area Office
List Price
$329,000
Sold Price
$304,000
Premium/Discount to List
-$25,000
-7.6%
Current Estimated Value
$382,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,864
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Onekama 4 Plex Llc $125,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/20/2021 08/20/21 Sold $304,000 -7.6% --
07/23/2021 07/23/21 For Sale $329,000 -- --
Source: MichRIC

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
2025 $14,075 $308,100 $0 $0
2024 $13,632 $291,900 $0 $0
2023 $20,969 $448,100 $0 $0
2022 $7,493 $138,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Charles Smith

    Seller's Agent in 2021

    Charles Smith

    RE/MAX Michigan

    (231) 794-0800

    66 Total Sales

    Charles Smith
    Section Image

  • O

    Buyer's Agent in 2021

    Out of Area Agent

    Out of Area Office

See All Agents

Map

Source: MichRIC

MLS Number: 21095340

MichRIC

APN: 41-050-019-05

Michigan Manistee County Onekama 49675

4880 Main St, Onekama, MI

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MichRIC Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

Nearby Homes