NOT LISTED FOR SALE

4880 Main St Onekama, MI 49675

Estimated Value: $382,864

Studio
-- Bath
-- Sq Ft
0.51 Acre Lot

Sale Details

Date Sold: August 20, 2021

Last sale price $304,000

Est. 26% increase in value since last sale

Current estimated payment $2,451 / mo

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

  • 22,216 Sq Ft 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

0.51 Acres

Listing Details

  • Property Sub-Type: Multi Family
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1900
  • General Property Info:Basement: No
  • Sewer:Sewer: Public Sewer
  • Util Avail at Street:Util Avail at Street: High Speed Internet, Cable Available, Electricity Available, Natural Gas Available, Public Sewer, Phone Available
  • Extras:Extras: Garages
  • Lot Description:Lot Description: Corner Lot
  • 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
  • Roofing:Roofing: Composition

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
  • Heat Source:Heat Source: Natural Gas
  • Heat Type:Heat Type: Forced Air

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

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 Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2021
Closed on
Aug 20, 2021
Sold by
Bought by
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

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 Buyer Sale Price Title Company
$125,000 --
Source: Public Records

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
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

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

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
2026 -- $0 $0 $0
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

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Map

Source: MichRIC

MLS Number: 21095340

MichRIC

APN: 41-050-019-05

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