$249,000
10 beds 4 baths 4,845 sq. ft.
47.125731781 -88.584857136
$249,000
Est. Monthly $1,266 recalculate
10 beds 4 baths 4,845 sf
 

404 Hancock St
Hancock, MI 49930

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Multi-Family (2-4 Units) - It is a great investment opportunity, this house is a cash cow! This huge house is generating $4094 in gross rent per month at the time of listing. A good history of tenants which have been students at Finlandia University and/or Michigan Technological University. The house has 10 bedrooms (easily converted to 12) and 4 bathrooms with 3 laundries and 4,800 sf. Formal dining room, updated kitchen, significant remodeling of lower level. Plenty of parking. Zoned B-2 Community Business District. Across from Montezuma Park in downtown Hancock, near hiking and biking trail. View of Portage Lake. Turnkey purchase, buy it and you will begin generating instant income. Some original features including woodwork, beamed ceiling, hardwood floors and built-in features still remain and add to the charm! Note: Square footage includes all 4 levels. Parking space total is an estimate and varies depending on size of cars and is based on cars parking in tandem in some areas. Also listed under MLS 1098103 and 1098104.
MLS # 1098105
Listed By CENTURY 21 North Country Agency
1100 Century Way, Suite C, Houghton, MI 49931

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Kristine Jukuri Weidner
Kristine Jukuri Weidner CENTURY 21 North Country Agency
1100 Century Way, Suite C
Houghton, MI 49931
906.­482.0001
906.­482.0001
CENTURY 21 North Country Agency
1100 Century Way, Suite C Houghton, MI 49931
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Property Features

  • Basement: Full
  • Exterior Description: Wood Siding
  • Exterior Living Space: Patio, Deck, Porch
  • Fireplace Count: 2 Fireplaces
  • Fireplace Description: Wood Burning
  • Heating - Fuel Type: Gas
  • Heating Type: Radiator
  • Lot Description: Access Type - Road
  • Lot Size: 0.18 Acres
  • Sewer: City
  • Style: Other Style
  • Views: Lake & Stream
  • Water: City Water

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 4.75% APR
    $1,266Your estimated monthly payment
    $49,80020% Down Payment
    $249,000 $224,100
    purchase price loan amount
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School
    BARKELL ELEMENTARY SCHOOL
    Grades K-5 | Public School

    HANCOCK, MI 49930
    1201 N ELEVATION ST
    906-487-9030
    0.9
    miles

    Total Students 400
    Student Teacher Ratio 17:1

    School Rating

    4 stars View School Details
    Middle School
    HANCOCK MIDDLE SCHOOL
    Grades 6-8 | Public School

    HANCOCK, MI 49930
    501 CAMPUS DR
    906-487-5923
    1.1
    miles

    Total Students 175
    Student Teacher Ratio 17:1

    School Rating

    4 stars View School Details
    High School
    HANCOCK CENTRAL HIGH SCHOOL
    Grades 9-12 | Public School

    HANCOCK, MI 49930
    501 CAMPUS DR
    906-483-2540
    1.1
    miles

    Total Students 260
    Student Teacher Ratio 17:1

    School Rating

    4 stars View School Details
    Other Nearby Schools Distance Type Grades School Rating Parent Rating
    Career And Technical Education 0.3 mi Public 9-12
    Houghton Elementary School 0.8 mi Public K-5
    Copper Country Learning Center 1.2 mi Public K-12
    Houghton Central High School 1.4 mi Public 9-12
    Houghton Middle School 1.4 mi Public 6-8
    Dollar Bay High School 3.5 mi Public K-12
    T.r. Davis Elementary School 3.5 mi Public K-6
    E.b. Holman Elementary School 3.7 mi Public K-8
    Copper Country Christian School 4.1 mi Private PRESCHOOL-12
    Copper Country Christian School 4.1 mi Private PRESCHOOL-12
    South Range Elementary School 4.9 mi Public K-6

    Local Area Information for Hancock, MI 49930

    Median Age: 34.8
    Married: 34.5%
    Number of Households: 2,805
    Households with Children: 639
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
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      Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
      Sources: Maponics, LLC and Onboard Informatics ©2016. School Performance data by SchoolDigger.com. School Review data by Niche.com. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.