Ontonagon, MI 49953,734-736-738 Michigan Avenue
Ontonagon, MI 49953,734-736-738 Michigan Avenue
Ontonagon, MI 49953,734-736-738 Michigan Avenue
8
$949,000
$949,000
Est.Price: ?

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3,360 SqFt

734-736-738 Michigan Avenue Ontonagon, MI 49953

Est. payment /mo
SOLD DATE : 02/24/2025

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Key Details

Sold Price $949,000

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 3,360 sqft

Price per Sqft $282

Subdivision Mi

MLS Listing ID 50147190

Sold Date 02/24/25

Year Built 1980

Annual Tax Amount $11,303

Tax Year 2023

Lot Size 2.370 Acres

Acres 2.37

Lot Dimensions 430x290

Property Sub-Type Commercial/Industrial

Property Description

Greenwood Apartments - Outstanding income producing apartment complex situated on 2.37 wooded acres within the Village on Ontonagon. This 24-unit, 3,360 sq. ft. apartment complex consists of 12 one-bedroom units offering 678 sq. ft., and 12 two-bedroom units offering 828 sq. ft. of living space. An extremely well-maintained building built in 1980 with many updates including but not limited to roof, windows, siding, etc. Each unit offers metered natural gas H/A heat, electricity, telephone, and cable/internet paid be each tenant. NOTE: This is a HUD Section 8 Housing program under contract until 2035 which offers tenant housing assistance and multiple owner advantages including funding. Great location in Ontonagon with walking distance to the school, golf course, and just a short distance to the downtown district and beautiful Lake Superior which offers miles of public beach access, and less than 15 miles to the west you'll find the Porcupine Mountains with all year recreational options including, hiking, skiing, camping, and panoramic views of Lake Superior and Lake of the Clouds.

Location

State MI

County Ontonagon

Area Ontonagon (66015)

Zoning Multi-Family

Interior

Heating Forced Air

Cooling None

Exterior

Parking Features 21+ Spaces, On Site, Parking Lot

Roof Type Asphalt

Building

Foundation Crawl

Water Community, Public Water

Structure Type Asbestos,Hardboard,Shingle

Others

Ownership Trust

SqFt Source Assessors Data

Energy Description Natural Gas

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional,FHA

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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by DOMITROVICH REALTY, INC
Bought with DOMITROVICH REALTY, INC

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agent

Epique Realty

Company | License ID: DRE01797917

+1(512) 387-0722

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