Investment opportunity! 4-unit, brick apartment building located just one block from downtown Hancock. Well-maintained. Many newer windows. Some hard wood floors. Configure these units to your liking. Keep all 4 as income generators or live in 1 and rent the other 3. Or you could live in of the building, have 2 floors to yourself, and rent the 2 apartments on the other side. You may claim the Homestead Tax Exemption for the percentage used as your primary residence. Each apartment has 1 or 2bedrooms and either a bath with a shower or a full bath. Nice kitchens. Basement is accessed from a back door. The rental amounts in place are not at current market rates. New owner may increase the rents as they see fit once leases expire. Current owner pays for heat and water and for electricity in the common areas. Parking is located in the alley to the left of the house. Most tenants use the City of Hancock public parking lot located just a few steps east of the apartment building. Summer months are free to park.
Extra Information for 216-218 E Franklin St Hancock, MI
- Seller Type:
- Category: Single-Family Houses
- Amenities: Parking,Patio/Deck,Wood Floors
- Listed Date: Jul 23, 2024
