NOT LISTED FOR SALE

4880 Main St Onekama, MI 49675

Estimated Value: $382,864

Studio
-- 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 $2,371/month

9 Days on Market

Highlights

  • Corner Lot
  • High Speed Internet
  • 3-minute walk to Onekama Village Park
  • Forced Air Heating System

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

  • Multi-Family

Est. Annual Taxes

  • $3,310

Year Built

  • Built in 1900

Lot Details

  • 0.51 Acre Lot
  • Corner Lot

Parking

  • 5 Parking Spaces

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Crawl Space

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Well
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • The owner pays for electricity, sewer, trash collection

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,310

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: Multi Family
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1900
  • General Property Info:Basement: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space
  • Basement: No

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 329000.0
  • Lot Features: Corner Lot
  • Number of Buildings: 2
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 5.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Natural Gas Connected, Phone Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Phone Available
  • Water Source: Well

Lot Info

  • Lot Size Acres: 0.51
  • Lot Size Area: 0.51
  • Lot Dimensions: 11 x 125 & 70 x 110
  • Lot Size Sq Ft: 22216.0

Rental Info

  • Owner Pays: Electricity, Sewer, Trash Collection
  • Tenant Pays: None

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
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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

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 -- $0 $0 $0
2024 -- $0 $0 $0
2023 $3,367 $0 $0 $0
2021 $3,367 $65,400 $13,900 $51,500
2020 $5,510 $61,200 $13,900 $47,300
2019 $5,488 $60,500 $13,900 $46,600
2018 $5,492 $60,500 $13,900 $46,600
2017 $5,566 $61,700 $13,900 $47,800
2016 $4,762 $62,400 $13,900 $48,500
2015 -- $62,000 $13,900 $48,100
2014 -- $63,200 $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

    64 Total Sales

    Charles Smith
    Section Image

  • O

    Buyer's Agent in 2021

    Out of Area Agent

    Out of Area Office

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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

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MichRIC Information is deemed reliable but not guaranteed.
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